| Article ID: | iaor1995838 |
| Country: | Poland |
| Volume: | 21 |
| Start Page Number: | 149 |
| End Page Number: | 168 |
| Publication Date: | Dec 1992 |
| Journal: | Control and Cybernetics |
| Authors: | Nahorski Zbigniew, Babarowski Janusz, Straszak Andrzej |
The paper presents the regression models expressing the relation between oil prices and unemployment rates in 21 countries. First, second and higher order models are considered and identified. The model allows recognition of certain interesting properties of economic systems as represented by the variables accounted for.