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Sustainable economic growth and unemployment nexus of SDG 2030: Bangladesh in Asia

Author

Listed:
  • Md. Noman Siddikee

    (Dhaka University)

  • Jawadur Rahim Zahid

    (Dhaka University)

  • Athya Sanjida

    (United International University)

  • Polina Oshchepkova

    (Lappeenranta University of Technology)

Abstract

In this study, we applied the Okun’s law to examine the current progress of sustainable economic growth and unemployment goal of the fourteen developed and developing countries of Asia. Our findings suggests in the long-run, only China has achieved the sustainable economic growth and unemployment goal until 2018. However, due to recent downward trend of economic growth and upward trend of unemployment rate, China is currently walking opposite to the said goal. Besides, Bangladesh, Kazakhstan and Thailand are progressing fast and Malaysia and Tajikistan are progressing moderately towards the sustainable economic growth and unemployment goal 2030. Despite a higher Okun’s coefficient, Turkey is walking opposite to the SDG 2030 due to a sharp rising trend of unemployment and a quick declining trend of GDP in recent time. The rest of the countries are far-off from the above-mentioned goals.

Suggested Citation

  • Md. Noman Siddikee & Jawadur Rahim Zahid & Athya Sanjida & Polina Oshchepkova, 2022. "Sustainable economic growth and unemployment nexus of SDG 2030: Bangladesh in Asia," SN Business & Economics, Springer, vol. 2(1), pages 1-20, January.
    • Handle: RePEc:spr:snbeco:v:2:y:2022:i:1:d:10.1007_s43546-021-00190-2
    DOI: 10.1007/s43546-021-00190-2
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    References listed on IDEAS

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    Cited by:

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    2. Mohammad Ajmal Hameed & Mohammad Mafizur Rahman & Rasheda Khanam, 2023. "Analyzing the Consequences of Long-Run Civil War on Unemployment Rate: Empirical Evidence from Afghanistan," Sustainability, MDPI, vol. 15(8), pages 1-21, April.

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    More about this item

    Keywords

    Sustainable development goals (SDG); Okun’s law; Economic growth; Unemployment;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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