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The relationship between output growth and unemployment in the Philippines economy (1990-2014):
Journal of emerging economies and islamic research
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.doi:10.24191/jeeir.v5i1.8796 fatcat:sjdawyvl75bd7ghsjsx5butqmy