Firms' confidence and Okun's law in OECD countries

Abbritti, 2013, Downward wage rigidity and business cycle asymmetries, J. Monetary Econ., 60, 871, 10.1016/j.jmoneco.2013.08.001 Acemoglu, 1994, Asymmetries in the cyclical behaviour of UK labour markets, Econ. J., 104, 1303, 10.2307/2235450 Anderson, 1997, Mr. Keynes' theory of investment: do forward looking expectations and weight really matter?, J. Econ. Psychol., 18, 547, 10.1016/S0167-4870(97)00023-8 Angeletos, 2013, Sentiments, Econometrica, 81, 739, 10.3982/ECTA10008 Arellano, 1995, Another look at the instrumental variables estimation of error-components models, J. Econom., 68, 29, 10.1016/0304-4076(94)01642-D Arif, 2014, Aggregate investment and investor sentiment, Rev. Financ. Stud., 27, 3241, 10.1093/rfs/hhu054 Attfield, 1997, Okun's coefficient: a comment, Rev. Econ. Stat., 79, 326, 10.1162/003465397556692 Atukeren, 2012, Spillovers between business confidence and stock returns in Greece, Italy, Portugal, and Spain, Int. J. Finance Econ., 18, 205, 10.1002/ijfe.1453 Ball, 2015, Do forecasters believe in Okun's Law? An assessment of unemployment and output forecasts, Int. J. Forecast., 31, 176, 10.1016/j.ijforecast.2014.03.009 Ball, 2013 Bartolucci, 2018, GDP dynamics and unemployment changes in developed and developing countries, Appl. Econ., 50, 3338, 10.1080/00036846.2017.1420894 Beck, 1995, What to do (and no to do) with time-series cross-section data, Am. Polit. Sci. Rev., 89, 634, 10.2307/2082979 Bond, 2001 Cazes, 2013, “Why did unemployment respond so differently to the global financial crisis across countries? Insights from Okun's Law, IZA J. Labor Pol., 2, 1 Daly, 2010 de Mendonça, 2015, Securitization and credit risk: empirical evidence from an emerging economy, N. Am. J. Econ. Finance, 32, 12, 10.1016/j.najef.2015.01.002 Dixon, 2017, Revisiting the okun relationship, Appl. Econ., 49, 2749, 10.1080/00036846.2016.1245846 Economou, 2016, Revisiting Okun's law in european union countries, J. Econ. Stud., 43, 275, 10.1108/JES-05-2013-0063 Fernandes, 2013, Does sentiment matter for stock market returns? Evidence from a small European market, J. Behav. Finance, 14, 253, 10.1080/15427560.2013.848867 FEVE, 2002, Solving labor demand models under asymmetric adjustment costs, J. Econ. Dynam. Contr., 26, 797, 10.1016/S0165-1889(00)00082-8 Freeman, 2001, Panel tests of Okun's law for ten industrial countries, Econ. Inq., 39, 511, 10.1093/ei/39.4.511 Guisinger, 2015, Okun's Law in real time, Int. J. Forecast., 31, 185, 10.1016/j.ijforecast.2014.03.002 Hamilton, 2017 Holmes, 2006, Okun's law, asymmetries and jobless recoveries in the United States: a Markov-switching approach, Econ. Lett., 92, 293, 10.1016/j.econlet.2006.03.006 Huang, 2008, Smooth-time-varying Okun's coefficients, Econ. Modell., 25, 363, 10.1016/j.econmod.2007.06.009 Huang, 2013, Okun's law in panels of countries and states, Appl. Econ., 45, 191, 10.1080/00036846.2011.597725 Ibragimov, 2016, “Unemployment and output dynamics in CIS countries: okun's law revisited, Appl. Econ., 49, 3453, 10.1080/00036846.2016.1262519 Ilut, 2014, Ambiguous business cycles, Am. Econ. Rev., 104, 2368, 10.1257/aer.104.8.2368 IMF, 2010 Knotek, 2007, How useful is Okun's law?, Econ. Rev., 73 Lee, 2000, “The robustness of Okun's law: evidence from OECD countries, J. Macroecon., 22, 331, 10.1016/S0164-0704(00)00135-X Levin, 2002, Unit root tests in panel data: asymptotic and finite-sample properties, J. Econom., 108, 1, 10.1016/S0304-4076(01)00098-7 Mizon, 1995, A simple message for autocorrelation correctors: don't, J. Econom., 69, 267, 10.1016/0304-4076(94)01671-L Mocan, 1993, Real wages over the business cycle: evidence from a structural time series model, Oxf. Bull. Econ. Stat., 55, 363, 10.1111/j.1468-0084.1993.mp55004001.x Moosa, 1997, “A cross-country comparison of Okun's coefficient, J. Comp. Econ., 24, 335, 10.1006/jcec.1997.1433 Moscone, 2009, A review and comparison of tests of cross-section independence in panels, J. Econ. Surv., 23, 528, 10.1111/j.1467-6419.2008.00571.x Okun, 1962, Potential GNP: its measurement and significance, 89 Ollivaud, 2015, The effect of the global financial crisis on OECD potential output, OECD J. Econ. Stud., 2014, 41, 10.1787/eco_studies-2014-5js64l2bv0zv Owyang, 2012, vol. 94, 399 Paldam, 1987, How much does one percent of growth change the unemployment rate? A study of 17 OECD countries, 1948-1985, Eur. Econ. Rev., 31, 306, 10.1016/0014-2921(87)90044-4 Pesaran, 2004 Pesaran, 2006, Estimation and inference in large heterogeneous panels with a multifactor error structure, Econometrica, 74, 967, 10.1111/j.1468-0262.2006.00692.x Prachowny, 1993, Okun's law: theoretical foundations and revised estimates, Rev. Econ. Stat., 75, 331, 10.2307/2109440 Reed, 2011, Which panel data estimator should I use?, Appl. Econ., 43, 985, 10.1080/00036840802600087 Roodman, 2009, How to do xtabond2: an introduction to difference and system GMM in Stata, STATA J., 9, 86, 10.1177/1536867X0900900106 Salhin, 2016, Managerial sentiment, consumer confidence and sector returns, Int. Rev. Financ. Anal., 47, 24, 10.1016/j.irfa.2016.06.009 Silvapulle, 2004, Asymmetry in Okun's law, Can. J. Econ., 37, 353, 10.1111/j.0008-4085.2004.00006.x Sogner, 2001, Okun's Law Does the Austrian unemployment–GDP relationship exhibit structural breaks?, Empir. Econ., 26, 553, 10.1007/s001810000070 Sogner, 2002, An analysis on the structural stability of Okun's law – a cross-country study, Appl. Econ., 34, 1775, 10.1080/00036840210124180 Stevens, 2003, Firms' expectations and employment behaviour: evidence from a panel of UK manufacturing firms, Econ. Lett., 81, 305, 10.1016/S0165-1765(03)00209-X Taylor, 2007, Business cycles and the role of confidence: evidence for Europe, Oxf. Bull. Econ. Stat., 69, 185, 10.1111/j.1468-0084.2007.00472.x Weber, 1995, Cyclical output, cyclical unemployment, and okun's coefficient: a new approach, J. Appl. Econom., 10, 433, 10.1002/jae.3950100407 Wooldridge, 2002 Zanin, 2010, The relationship between changes in the Economic Sentiment Indicator and real GDP growth: a time-varying coefficient approach, Econ. Bull., 30, 837 Zanin, 2014, On Okun's law in OECD countries: an analysis by age cohorts, Econ. Lett., 125, 243, 10.1016/j.econlet.2014.08.030 Zanin, 2018, The pyramid of Okun's coefficient for Italy, Empirica, 45, 17, 10.1007/s10663-016-9343-5 Zanin, 2012, Rolling regression versus time-varying coefficient modelling: an empirical investigation of the Okun's law in some euro area countries, Bull. Econ. Res., 64, 91, 10.1111/j.1467-8586.2010.00376.x