Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260
1
Faculty of Technology Arts and Design, Oslo Metropolitan University, P.O. Box 4 St. Olavs Plass, Pilestredet Park 33, 0176 Oslo, Norway
2
Faculty of Social Sciences, Oslo Business School, Finance and Accounting, Oslo Metropolitan University, P.O. Box 4 St. Olavs Plass, Pilestredet Park 33, 0176 Oslo, Norway
*
Author to whom correspondence should be addressed.
Economies 2023, 11(3), 75; https://doi.org/10.3390/economies11030075
Submission received: 2 February 2023
/
Accepted: 8 February 2023
/
Published: 24 February 2023
The authors would like to make the following correction to the published paper (Seip and Zhang 2022).
The authors confirm that the scientific conclusions are unaffected. The original publication has also been updated.
Reference
- Seip, Knut Lehre, and Dan Zhang. 2022. A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260. [Google Scholar] [CrossRef]
Figure 2.
Lead-lag relations between GDP, employment (EM), and unemployment, (UE). (a) GDP and EM, both LOESS(0.1) smoothed. Drop lines show NBER recession. (b) LL relations between GDP and EM, both LOESS(0.1) smoothed (gray) and both raw, unsmoothed (dark gray). Numbers show percentage “pseudo significant” LL relations (see text). Drop-lines show the beginning of recessions. OLR between gray and black bars give R = 0.30, p < 0.001. (c) GDP-LOESS (0.8) residual and UE (%) both series LOESS(0.1) smoothed. (d) LL(GDP LOESS (0.8) residual, UE), both series LOESS(0.1) smoothed and normalized to unit standard deviation. Red horizontal lines show recession periods. Droplines show beginning of recessions. (e) Phase plot for GDP and EM, not detrended, 1989-1993M4, dropline show the beginning of the 1990 recession. (f) Same as (e), but with GDP and UE.
Figure 2.
Lead-lag relations between GDP, employment (EM), and unemployment, (UE). (a) GDP and EM, both LOESS(0.1) smoothed. Drop lines show NBER recession. (b) LL relations between GDP and EM, both LOESS(0.1) smoothed (gray) and both raw, unsmoothed (dark gray). Numbers show percentage “pseudo significant” LL relations (see text). Drop-lines show the beginning of recessions. OLR between gray and black bars give R = 0.30, p < 0.001. (c) GDP-LOESS (0.8) residual and UE (%) both series LOESS(0.1) smoothed. (d) LL(GDP LOESS (0.8) residual, UE), both series LOESS(0.1) smoothed and normalized to unit standard deviation. Red horizontal lines show recession periods. Droplines show beginning of recessions. (e) Phase plot for GDP and EM, not detrended, 1989-1993M4, dropline show the beginning of the 1990 recession. (f) Same as (e), but with GDP and UE.
Disclaimer/Publisher’s Note: The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of MDPI and/or the editor(s). MDPI and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content. |
© 2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
Share and Cite
MDPI and ACS Style
Seip, K.L.; Zhang, D. Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260. Economies 2023, 11, 75. https://doi.org/10.3390/economies11030075
AMA Style
Seip KL, Zhang D. Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260. Economies. 2023; 11(3):75. https://doi.org/10.3390/economies11030075
Chicago/Turabian StyleSeip, Knut Lehre, and Dan Zhang. 2023. "Correction: Seip and Zhang (2022). A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery. Economies 10: 260" Economies 11, no. 3: 75. https://doi.org/10.3390/economies11030075
Note that from the first issue of 2016, this journal uses article numbers instead of page numbers. See further details here.
