Table 1 Okun’s coefficient by country (1985–2013)
From: A fiscal job? An analysis of fiscal policy and the labor market
Country | Okun’s coefficient (employment) | |||
|---|---|---|---|---|
β | SD(β) | Observations | R2 | |
United States | 0.422*** | (0.0386) | 45 | 0.723 |
United Kingdom | 0.298*** | (0.0546) | 45 | 0.443 |
Austria | 0.234*** | (0.0343) | 45 | 0.468 |
Belgium | 0.247*** | (0.0346) | 45 | 0.502 |
Denmark | 0.342*** | (0.0731) | 45 | 0.373 |
France | 0.191*** | (0.0397) | 45 | 0.297 |
Germany | 0.343*** | (0.0615) | 45 | 0.533 |
Italy | 0.160*** | (0.0419) | 45 | 0.209 |
Luxembourg | 0.151*** | (0.0512) | 45 | 0.180 |
Netherlands | 0.318*** | (0.0578) | 35 | 0.372 |
Norway | 0.323*** | (0.0725) | 45 | 0.311 |
Sweden | 0.351*** | (0.0743) | 45 | 0.338 |
Switzerland | 0.271*** | (0.0590) | 45 | 0.252 |
Canada | 0.423*** | (0.0401) | 45 | 0.694 |
Japan | 0.156*** | (0.0244) | 45 | 0.391 |
Finland | 0.398*** | (0.0668) | 45 | 0.582 |
Greece | 0.160** | (0.0764) | 45 | 0.135 |
Iceland | 0.934** | (0.445) | 45 | 0.095 |
Ireland | 0.463*** | (0.0684) | 45 | 0.515 |
Portugal | 0.276*** | (0.0838) | 45 | 0.316 |
Spain | 0.606*** | (0.0836) | 45 | 0.667 |
Turkey | 0.00188 | (0.0590) | 38 | 0.000 |
Australia | 0.461*** | (0.0602) | 45 | 0.494 |
New Zealand | 0.305** | (0.145) | 45 | 0.117 |
Chile | 0.220*** | (0.0201) | 45 | 0.626 |
Mexico | 0.164*** | (0.0358) | 35 | 0.261 |
Israel | 0.168*** | (0.0595) | 37 | 0.147 |
Korea | 0.232*** | (0.0503) | 45 | 0.452 |
Czech Republic | 0.116 | (0.0750) | 20 | 0.163 |
Slovak Republic | 0.231*** | (0.0604) | 22 | 0.414 |
Estonia | 0.313*** | (0.0623) | 22 | 0.626 |
Hungary | 0.285*** | (0.0721) | 35 | 0.417 |
Slovenia | 0.241** | (0.0861) | 23 | 0.344 |
Poland | 0.188*** | (0.0664) | 31 | 0.229 |
Panel Estimate | 0.273*** | (0.0499) | 1378 | 0.122 |