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The Long Run Effects between Unemployment and Economic Growth in Selected SAARC Countries

Author

Listed:
  • Ghamz-e-Ali Siyal

    (Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan)

  • Adeel Ahmed

    (Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan)

  • Arshad Aziz

    (Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan)

  • Khalid Zaman

    (Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan)

Abstract

The objective of the study is to examine the relationship between unemployment rate and growth rate in selected SAARC countries over the period of 1990-2010. Data is analyzed by panel cointegration technique, Fully Modified OLS (FMOLS) and Dynamic OLS (DOLS) for estimating long-run relationship between the variables. The results show some evidences for unemployment hysteresis in selected SAARC countries. The results further depict that the significance of the relationship between economic growth rate and unemployment rate vary between the SAARC countries.

Suggested Citation

  • Ghamz-e-Ali Siyal & Adeel Ahmed & Arshad Aziz & Khalid Zaman, 2013. "The Long Run Effects between Unemployment and Economic Growth in Selected SAARC Countries," Economic Research Guardian, Weissberg Publishing, vol. 3(2), pages 70-85, December.
    • Handle: RePEc:wei:journl:v:3:y:2013:i:2:p:70-85
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    Citations

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    Cited by:

    1. Andrew Phiri, 2019. "Fitting Okun's law for the Swazi Kingdom: Will a nonlinear specification do?," Economics Bulletin, AccessEcon, vol. 39(2), pages 1371-1383.
    2. Hala Hjazeen & Mehdi Seraj & Huseyin Ozdeser, 2021. "The nexus between the economic growth and unemployment in Jordan," Future Business Journal, Springer, vol. 7(1), pages 1-8, December.

    More about this item

    Keywords

    Unemployment; Economic growth; Panel Cointegration; FMOLS; SAARC countries;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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