The Nexus Among Economic Growth, Inflation and Unemployment in Bhutan

Tenzin, Ugyen

doi:10.1177/1391561418822204

Cited by 44 publications

(42 citation statements)

References 12 publications

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“…This is contrary to Phillips curve hypothesis. Although results of some recent studies (such as, Berentsen, Menzio, and Wright, 2011;Umoru and Anyiwe, 2013;Folawewo and Adeboje, 2017;Tenzin, 2019) show positive impact of inflation on unemployment, findings of Feldmann (2013) indicate validity of Phillips curve hypothesis for 78 countries. Regardless of the reason for the continuous increase in prices (i.e., cost-push or demand-pull), inflation may cause real wage declines, decrease aggregate supply and employment level because of decline in labor supply.…”

Section: Figure 5: Forecast Error Variance Decomposition For Unempgapmentioning

confidence: 76%

Unemployment, Exchange Rate and Exchange Rate Volatility Relation: Analysis for Turkey

Akarsu¹

2020

Cankiri Karatekin Universitesi Iktisadi Ve Idari Bilimler Fakultesi Dergisi

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In previous studies, exchange rate fluctuations have been an important factor affecting real sector of economies as economies have become more open. Most studies have focused on its trade impact. However, through different channels, exchange rate movements can also influence unemployment. This study aims to analyze the effect of exchange rate and its volatility on unemployment for Turkey over the period from 2005 to 2019 by using quarterly data. As a solution for possible endogeneity problem, VAR analysis was performed. Results show that although exchange rate fluctuations do not affect unemployment, exchange rate volatility significantly increases unemployment. Therefore, different policy measures should be employed to reduce exchange rate volatility or its effect on unemployment or both.

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Section: Figure 5: Forecast Error Variance Decomposition For Unempgapmentioning

confidence: 76%

Unemployment, Exchange Rate and Exchange Rate Volatility Relation: Analysis for Turkey

Akarsu¹

2020

Cankiri Karatekin Universitesi Iktisadi Ve Idari Bilimler Fakultesi Dergisi

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“…Employing the ARDL bounds test, the empirical findings demonstrated that there was a negative significant connection between unemployment vs. economic growth both in the short and long-run. To understand the unemployment-economic growth nexus in Bhutan, a study carried out by Tenzin (2019) examined the connection between unemployment, economic growth, and inflation over the 1998-2016 period. Applying the ARDL specification to cointegration, the findings suggested that there was no connection between economic growth-unemployment both in the short and long-run.…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship Between Unemployment and Economic Growth in South Africa: VAR Analysis

Khalid¹,

Trnc²

2021

Forman J. Econ. Stud.

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This article aims to study real GDP, inflation rate, exchange rate and their impacts on the unemployment rate in South Africa by considering the annual time-series data covering the period 1980-2018. The findings of the Johansen approach to co-integration concluded that there was no evidence of a long-run connection among the variables. The findings of Granger causality reported that there was bidirectional causality between the pairs of real GDP vs. unemployment rate, exchange rate vs. unemployment rate, and inflation rate vs. unemployment rate; however, a unidirectional causality was found in the pairs of real GDP vs. exchange rate and inflation rate vs. exchange rate. The findings of impulse-responses demonstrated that there was a negative significant response of the exchange rate to the unemployment rate in the long-run; conversely, the response of real GDP to the unemployment rate was positive significant in the long-run. Furthermore, the findings of variance decompositions reported that all regressors strongly predict the unemployment rate both in the short and long-run. The study suggested that the government should provide job-readiness skills, business awareness, technological knowledge, and training programs to its population to ascertain unemployment reduction. The study also suggested that the South African government should create a supportive environment and flexible labor market policies that attract small businesses and private-sector investment which ultimately strengthen the entrepreneurial activity with new entrepreneurial actors in order to create job opportunities and absorb a large pool of unemployed youth.

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“…On the other side, Tenzin (2019) believes that unemployment does play a significant role as an economic indicator. He believes that it is due to cyclical unemployment conditions, whereby companies are still maintaining the number of staffs in any financial situation.…”

Section: Determinants Of Economicmentioning

confidence: 99%

Influence of COVID-19's active cases on Malaysia's key economic performance indicators

Mustaffa

Abidin

Ahmad

et al. 2021

JEEIR

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The COVID-19 outbreak was a rare and unprecedented phenomenon. Hence, the pandemic forces the world economy to react unpredictably. Governments worldwide have undertaken several precautions, including social distance measures, public awareness programs, policies on testing and quarantine, and financial aid packages. Using endogenous growth theory, this paper examines the impact of COVID-19 towards Malaysia key economic indicator's performance using univariate regression analysis based on daily time series data from 1 January 2020 to 30 September 2020. Besides, this paper is also forecasting the upcoming three months of Malaysia's key economic indicator performance from October to December 2020, by using linear trend forecasting model. The results indicate that COVID-19 significantly impacted the unemployment rate, gross domestic product (GDP), consumer price index (CPI), foreign exchange rate (FOREX), and stock market index performance in Malaysia. The results of projecting the upcoming three months trends were forecasted to increase unemployment, GDP, FOREX, and stock market index performance. Instead, the CPI is expected to decrease. Furthermore, this paper provides four contributions in the later section.

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The Nexus Among Economic Growth, Inflation and Unemployment in Bhutan

Cited by 44 publications

References 12 publications

Unemployment, Exchange Rate and Exchange Rate Volatility Relation: Analysis for Turkey

Unemployment, Exchange Rate and Exchange Rate Volatility Relation: Analysis for Turkey

The Relationship Between Unemployment and Economic Growth in South Africa: VAR Analysis

Influence of COVID-19's active cases on Malaysia's key economic performance indicators

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