The validity of Okun’s Law: Evidences from Indian economy
Unemployment is one of the most prominent issues being faced by developing countries especially India. Unemployment means productive resources not being utilized at all, which results low growth rate in real GDP. In macroeconomic terminology this relationship is called as Okun’s Law. The main aim of...
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General Association of Economists from Romania
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| Series: | Theoretical and Applied Economics |
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doaj-b16d36508a264250b73949c3eaea0e2f2020-11-25T00:51:40ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292019-12-01XXVI427327818418678The validity of Okun’s Law: Evidences from Indian economyTariq Ahmad BHAT0Tariq Ahmad LONE1Towseef Mohi Ud DIN2 Vikram University Ujjain (M.P.), India Aligrah Muslim University (U.P.), India Vikram University Ujjain (M.P.), India Unemployment is one of the most prominent issues being faced by developing countries especially India. Unemployment means productive resources not being utilized at all, which results low growth rate in real GDP. In macroeconomic terminology this relationship is called as Okun’s Law. The main aim of this paper is to examine whether there exists an Okun type relationship in Indian economy or not. Empirical result shows negative and significant effect of growth upon unemployment rate. Our model suggests that 1% increase in GDP will decrease unemployment rate by 0.4 percentage point. http://store.ectap.ro/articole/1434.pdf unemploymentgdpokunco-integrationcasual relationship |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Tariq Ahmad BHAT Tariq Ahmad LONE Towseef Mohi Ud DIN |
| spellingShingle |
Tariq Ahmad BHAT Tariq Ahmad LONE Towseef Mohi Ud DIN The validity of Okun’s Law: Evidences from Indian economy Theoretical and Applied Economics unemployment gdp okun co-integration casual relationship |
| author_facet |
Tariq Ahmad BHAT Tariq Ahmad LONE Towseef Mohi Ud DIN |
| author_sort |
Tariq Ahmad BHAT |
| title |
The validity of Okun’s Law: Evidences from Indian economy |
| title_short |
The validity of Okun’s Law: Evidences from Indian economy |
| title_full |
The validity of Okun’s Law: Evidences from Indian economy |
| title_fullStr |
The validity of Okun’s Law: Evidences from Indian economy |
| title_full_unstemmed |
The validity of Okun’s Law: Evidences from Indian economy |
| title_sort |
validity of okun’s law: evidences from indian economy |
| publisher |
General Association of Economists from Romania |
| series |
Theoretical and Applied Economics |
| issn |
1841-8678 1844-0029 |
| publishDate |
2019-12-01 |
| description |
Unemployment is one of the most prominent issues being faced by developing countries
especially India. Unemployment means productive resources not being utilized at all, which
results low growth rate in real GDP. In macroeconomic terminology this relationship is called as
Okun’s Law. The main aim of this paper is to examine whether there exists an Okun type
relationship in Indian economy or not. Empirical result shows negative and significant effect of
growth upon unemployment rate. Our model suggests that 1% increase in GDP will decrease
unemployment rate by 0.4 percentage point. |
| topic |
unemployment gdp okun co-integration casual relationship |
| url |
http://store.ectap.ro/articole/1434.pdf
|
| work_keys_str_mv |
AT tariqahmadbhat thevalidityofokunslawevidencesfromindianeconomy AT tariqahmadlone thevalidityofokunslawevidencesfromindianeconomy AT towseefmohiuddin thevalidityofokunslawevidencesfromindianeconomy AT tariqahmadbhat validityofokunslawevidencesfromindianeconomy AT tariqahmadlone validityofokunslawevidencesfromindianeconomy AT towseefmohiuddin validityofokunslawevidencesfromindianeconomy |
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