The relationship between GDP growth and unemployment. Testing the Okun's law in Germany

Aida Ryspekova

Bakalářská práce

Abstract:

The aim of the thesis is to find a correlation between the unemployment rate in Germany and the GDP. The main hypothesis that will be confirmed or refuted in this work is the following: The development of the unemployment rate and GDP in Germany confirms Okun's law. The author concludes that it is possible to say that Okun's law does its job of predicting the nature of the relationship between the two negatively correlated variables well indeed, but the percentual effect on the real GDP in Germany is far from being equal to 2%. Hence, the development of the unemployment rate and the real GDP in Germany only partially confirms Okun's law since the change in the unemployment rate is only responsible for a 1.19% change in the real GDP.

Keywords

Unemployment, GDP growth, Okun's law, Germany

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 2. 12. 2022

Obhajoba závěrečné práce

• Obhajoba proběhla 7. 2. 2024
• Vedoucí: doc. Ing. Inna Čábelková, Ph.D.
• Oponent: Leopold Tanner, DiS., externi

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program:
Business Administration