La legge di Okun e le trasformazioni del Mercato del Lavoro

Okun’s law turns out from the relationship between economic growth and unemployment fluctuations of the American economy during the sixties. Following Okun’s conclusions several analysis tried to test the empirical relevance of the initial relation for different countries and historical periods. In this paper we propose an empirical application regarding Italian regions. As we have observed the inconsistency of Okun’s Law for the south of Italy, we tried to test the reason for the absence of significance in the analysed coefficients. Observing the particularly low levels of participation to labour market in this area, we propose other labour market indicators more compatible with a delayed development area.