sh.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Okun's Law: Empirical Evidence from Pakistan (1981-2005)
Södertörn University, School of Social Sciences.
2012 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The main objective of this research paper is to find the association between unemployment rate and GDP growth which is presented empirically by Arthur Okun’s in early 1960s. For this purpose I have used annual time series data during the period 1981-2005 of Pakistan. I applied difference version of Okun’s law which is more appropriate to access results directly from empirical data. In order to find long run relation between the variables I used Engle-Granger cointegration technique and Error Correction Mechanism (ECM) to find the short term behavior of GDP growth to its long run value. This paper verifies negative relationship between unemployment rate and GDP growth and both variables have long run relation with each other. Moreover GDP growth will adjust more quickly towards equilibrium in the long run.

Place, publisher, year, edition, pages
2012. , 39 p.
Keyword [en]
Error Correction Mechanism (ECM), Engle-Granger, Cointegration, Gross Domestic Product (GDP), unemployment rate, difference version, Okun’s Law.
National Category
Economics
Identifiers
URN: urn:nbn:se:sh:diva-16168OAI: oai:DiVA.org:sh-16168DiVA: diva2:525872
Subject / course
Economics
Presentation
2012-04-27, ME111, Södertörns högskola Box 4101, 141 04 Huddinge, Stockholm, 15:28 (English)
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2012-05-10 Created: 2012-05-09 Last updated: 2012-05-10Bibliographically approved

Open Access in DiVA

Umer Master Thesis(210 kB)4213 downloads
File information
File name FULLTEXT01.pdfFile size 210 kBChecksum SHA-512
de507e809e3ce5bf7f38113d5696af3f5ed25d86af1e57c80a1821fb205f07072517df7565cdec18ca235c049beb95c748ce8d3e6b62d260e6f2130b2d0b0f34
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Javeid, Umer
By organisation
School of Social Sciences
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 4213 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 569 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf