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Some Non Price Factors that Fend off Unemployment in Pakistan

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Listed:
  • Muhammad Shahid Hassan

    (Department of Economics, University of Management and Technology, Lahore, Pakistan)

  • Ayesha Wajid

    (Department of Economics, University of Management and Technology, Lahore, Pakistan)

  • Dawood Mamoon

    (Department of Economics, University of Management and Technology, Lahore, Pakistan)

Abstract

The study empirically analyzed the impact of financial development, foreign direct investment and urban population on unemployment in Pakistan for the period of 1973-2010. The Johansen cointegration approach is applied for long run relationship. Empirical findings reveal that financial development does reduce unemployment. Foreign direct investment reduces unemployment in long run but, it increases unemployment in short run. Moreover, urbanization is increasing unemployment.This study opens up new insights for policy makers to reduce unemployment via using foreign direct investment as a tool.

Suggested Citation

  • Muhammad Shahid Hassan & Ayesha Wajid & Dawood Mamoon, 2014. "Some Non Price Factors that Fend off Unemployment in Pakistan," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(1), pages 29-35, January.
    • Handle: RePEc:ijr:journl:v:2:y:2014:i:1:p:29-35
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    Cited by:

    1. Muhammad Shahid Hassan & Amna Kausar & Noman Arshed, 2022. "Investigating Export Determinants: A Time Series Evidence From Canada," SAGE Open, , vol. 12(2), pages 21582440221, June.

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    More about this item

    Keywords

    Financial development; Unemployment; Foreign direct investment; Urbanization;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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