An Empirical Estimation of Okun’S Law in Context of Pakistan

Akram, Misbah; Hussain, Shahzad; Raza, Syed Hasan; Masood, Saqib

doi:10.12691/jfe-2-5-7

Cited by 23 publications

(19 citation statements)

References 17 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…These results are supported by Okun (1962), Ting andLing (2011), andAbu (2017), and they are incompatible with Akram et al (2014) and Driouche (2013).…”

Section: Resultsmentioning

confidence: 68%

Asymmetry relationship between economic growth and unemployment rates in the Saudi economy: Application of Okun’s law during the period 1991–2017

Louail¹,

Riache²

2019

Int. j. adv. appl. sci.

View full text Add to dashboard Cite

“…These results are supported by Okun (1962), Ting andLing (2011), andAbu (2017), and they are incompatible with Akram et al (2014) and Driouche (2013).…”

Section: Resultsmentioning

confidence: 68%

Asymmetry relationship between economic growth and unemployment rates in the Saudi economy: Application of Okun’s law during the period 1991–2017

Louail¹,

Riache²

2019

Int. j. adv. appl. sci.

View full text Add to dashboard Cite

“…The structural unemployment is an outcome of the mismatch between the skills and demands, and frictional unemployment is an outcome of the transitional period. However, the cyclical unemployment is an outcome of the economic situations prevailing in the economy (Akram, Hussain, Raza, & Masood, 2014;Batavia & Salam, 2012). At the provincial level in Vietnam, public investments were found positively correlated with economic growth, but the impact on unemployment reduction depended on the investment's efficiency (Quy, 2016).…”

Section: Introductionmentioning

confidence: 99%

The Nexus Among Economic Growth, Inflation and Unemployment in Bhutan

Tenzin¹

2019

South Asia Economic Journal

View full text Add to dashboard Cite

In order to understand the dynamics of unemployment in Bhutan at a macro-level, this study has explored the association among economic growth, inflation and unemployment from 1998 to 2016. The autoregressive distributed lag (ARDL) model was applied to estimate the impact of economic growth and inflation on unemployment. The results of this empirical analysis suggest that economic growth had no impact on the reduction of unemployment rate in Bhutan both in the short and in the long run. In fact, as the economic growth increased, so did the unemployment rate. However, inflation had a negative association with unemployment rate in the short run and a positive association in the long run. In other words, an increase in the employment rate led to an increase in the inflation in the short run. Likewise, if inflation is not monitored or controlled, the uncertainty of inflation can lead to lower investment and lower economic growth, thereby causing unemployment to rise in the long run. This study, therefore, recommends policymakers to take into account the employment elasticity with respect to economic output and focus on sectors, which have more absorptive capacity in engaging the young labour market entrants. JEL: B22, C22, E24, E31

show abstract

“…There is not always a significant relationship between the unemployment rate and output. Akram, Hussain, Raza, and Masood (2014) show that Okun's law is not valid in the Pakistani economy. Arewa and Nwakanma (2012) find that Okun's coefficient is insignificant in the Nigerian economy.…”

Section: Literature Reviewmentioning

confidence: 92%

Reexamination of Okun's law: Empirical analysis from Panel Granger Causality

Sasongko¹,

Putri²,

Huruta³

et al. 2020

Industrija

View full text Add to dashboard Cite

This study aims to confirm the existence of Okun's coefficients in Indonesia. Authors conducted panel data of 34 provinces in Indonesia for the period from 2014 to 2019, obtained from the Central Bureau of Statistics. The data were analyzed by using the panel data model and Panel Granger Causality. The Panel Granger causality analysis results show that there was one-way causality between the economic growth and the unemployment. It was caused by several influencing factors, such as education level, population, and employment opportunities. Based on the Fixed Effect Model and Panel Granger Causality results, authors conclude that Okun's Law has not been proven for 34 provinces in Indonesia.

show abstract

An Empirical Estimation of Okun’S Law in Context of Pakistan

Cited by 23 publications

References 17 publications

Asymmetry relationship between economic growth and unemployment rates in the Saudi economy: Application of Okun’s law during the period 1991–2017

Asymmetry relationship between economic growth and unemployment rates in the Saudi economy: Application of Okun’s law during the period 1991–2017

The Nexus Among Economic Growth, Inflation and Unemployment in Bhutan

Reexamination of Okun's law: Empirical analysis from Panel Granger Causality

Contact Info

Product

Resources

About