Staff View: The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.

The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.

This paper examines the empirical relationship between unemployment and real output in the Philippines utilizing quarterly data from the Labor Force Survey by the Philippine Statistics Authority for the period from 1990-2014. The study employed three variants of Okun’s Law – the “gap” approach, the...

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Main Authors:	Mojica, Marlon A., Tatlonghari, Virgilio M.
Format:	Article
Language:	English
Published:	Universiti Teknologi MARA Selangor 2017
Subjects:	Labor. Work. Working class Labor market. Labor supply. Labor demand, Including unemployment, manpower policy, occupational training, employment agencies Unemployment
Online Access:	http://ir.uitm.edu.my/id/eprint/32218/1/AJ_MARLON%20A%20MOJICA%20JEEIR%20B%2017.pdf http://ir.uitm.edu.my/id/eprint/32218/ http://www.jeeir.com/v2/index.php/33-current/2017/vol-5-no-1-2017/148-phillipines-economy-okun-law
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id	my.uitm.ir.32218
record_format	eprints
spelling	my.uitm.ir.322182020-07-14T04:42:16Z http://ir.uitm.edu.my/id/eprint/32218/ The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. Mojica, Marlon A. Tatlonghari, Virgilio M. Labor. Work. Working class Labor market. Labor supply. Labor demand, Including unemployment, manpower policy, occupational training, employment agencies Unemployment This paper examines the empirical relationship between unemployment and real output in the Philippines utilizing quarterly data from the Labor Force Survey by the Philippine Statistics Authority for the period from 1990-2014. The study employed three variants of Okun’s Law – the “gap” approach, the “first difference” approach, and a dynamic approach. Findings show that the Okun’s coefficients based on the gap approach are consistent with the theoretical expectation of a negative relationship. In the ARDL model, labor force participation rate and trade openness were found to be significantly related to unemployment. The result of dummy variable test revealed the presence of structural break following the re-definition of unemployment in the Philippines in 2005. Recursive least squares and rolling regressions show evidence of parameter instability in several sub-periods. Universiti Teknologi MARA Selangor 2017-01 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/32218/1/AJ_MARLON%20A%20MOJICA%20JEEIR%20B%2017.pdf Mojica, Marlon A. and Tatlonghari, Virgilio M. (2017) The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari. Journal of Emerging Economies & Islamic Research, 5 (1). pp. 1-20. ISSN 2289-2559 http://www.jeeir.com/v2/index.php/33-current/2017/vol-5-no-1-2017/148-phillipines-economy-okun-law
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Labor. Work. Working class Labor market. Labor supply. Labor demand, Including unemployment, manpower policy, occupational training, employment agencies Unemployment
spellingShingle	Labor. Work. Working class Labor market. Labor supply. Labor demand, Including unemployment, manpower policy, occupational training, employment agencies Unemployment Mojica, Marlon A. Tatlonghari, Virgilio M. The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.
description	This paper examines the empirical relationship between unemployment and real output in the Philippines utilizing quarterly data from the Labor Force Survey by the Philippine Statistics Authority for the period from 1990-2014. The study employed three variants of Okun’s Law – the “gap” approach, the “first difference” approach, and a dynamic approach. Findings show that the Okun’s coefficients based on the gap approach are consistent with the theoretical expectation of a negative relationship. In the ARDL model, labor force participation rate and trade openness were found to be significantly related to unemployment. The result of dummy variable test revealed the presence of structural break following the re-definition of unemployment in the Philippines in 2005. Recursive least squares and rolling regressions show evidence of parameter instability in several sub-periods.
format	Article
author	Mojica, Marlon A. Tatlonghari, Virgilio M.
author_facet	Mojica, Marlon A. Tatlonghari, Virgilio M.
author_sort	Mojica, Marlon A.
title	The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.
title_short	The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.
title_full	The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.
title_fullStr	The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.
title_full_unstemmed	The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.
title_sort	relationship between output growth and unemployment in the philippines economy (1990-2014): an empirical analysis of variants of okun’s law / marlon a. mojica and virgilio m. tatlonghari.
publisher	Universiti Teknologi MARA Selangor
publishDate	2017
url	http://ir.uitm.edu.my/id/eprint/32218/1/AJ_MARLON%20A%20MOJICA%20JEEIR%20B%2017.pdf http://ir.uitm.edu.my/id/eprint/32218/ http://www.jeeir.com/v2/index.php/33-current/2017/vol-5-no-1-2017/148-phillipines-economy-okun-law
_version_	1685650895809806336
score	13.211869

The relationship between output growth and unemployment in the Philippines economy (1990-2014): an empirical analysis of variants of Okun’s Law / Marlon A. Mojica and Virgilio M. Tatlonghari.

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