Apart from issues related to geographical

location, the model included variables related to: cost and productivity demographic indicators; 4) employment and unemployment indicators.  Other indicators related to labor market legislation, in this case with data at the national level. Moving on to the results, which the paper demonstrates are robust from different perspectives.  These  the validity of Okun’s law on a regional scale in Europe: it can be said, in general terms, that there is a negative and significant relationship between the evolution of production and unemployment rates. The results, which are in line with the majority of empirical studies out to date.  However differ in the “strength” of the relationship. For example, the average Okun coefficient  is lower  on the estimator used.

As for the individual coefficients for each

Region, for simplicity I show them on a map A simple glance reveals that there are important differences between regions. Another essential feature that emerges from the map is that the coefficients are not randomly. But are Canada WhatsApp Number Data  geographically. From this point of view.  It seems that the regions of southern Europe are characterized by having higher coefficients (in absolute value than.  Above all, some regions of central, eastern and northern Europe. Therefore, a key factor in these differences is that regions with a  the French and German regions.

Among these other variables that show explanatory

Power are the proportion of women and young people in employment  what has  in certain areas, mainly in the southern regions, where: on the one hand.  Self-employment is in times of  Australia WhatsApp Number List recession as a way to alleviate unemployment, and; On the other hand.  Part-time employment increases the volatility of the labor market, which contributes to the greater reactivity of unemployment to production. Long-term unemployment.  Which can be taken as a sign of poor labor market functioning, also leads to greater sensitivity of unemployment to production. Furthermore, the composition of the industry . Appears as another explanatory factor for the differences, since there are sectors such as construction that are especially by the economic cycle.  The Okun coefficients because they tend to in good times.