Testing the Validity of Okun’s Law in Algeria: Is there a difference between Maki’s Cointegration and Quantile’s Regression Results?

Abstract

This paper examines the existence of Okun’s law in Algeria over the period of 1970–2020 using both the gap and differences model.

Keywords

• okun’s law
• unemployment
• output growth
• maki cointegration
• asymmetric causality tests
• quantile regression
• c32
• e23
• e24