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LOI OKUN [1 record]

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Record 1 1999-12-20

English

Subject field(s)
  • Economic Doctrines, Systems and Policies
DEF

The loss in aggregate output that is statistically associated with a given short-run increase in the unemployment rate. Okun's law states that the elasticity of the ratio of actual to potential real output with respect to a change in the employment rate is a constant, roughly equal to 3.0.

French

Domaine(s)
  • Doctrines, systèmes et politiques économiques

Spanish

Campo(s) temático(s)
  • Doctrinas, políticas y sistemas económicos
DEF

Relación observada por el economista estadounidense Arthur M. Okun (1928-1980) - en su trabajo «Potencia CNP. Its measurement and significance» (1968), entre las variaciones cíclicas de PNB nominal y el desempleo, en el sentido de que a menores tasas de crecimiento del PNB nominal resultan mayores proporciones de paro.

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