An Analysis of Causal Relationship between Economic Growth and Unemployment: Evidence from Pakistan

Autor:	Fouzia Yasmin, Ruqia Shaheen, Adnan Yasin, Sohail Naseer
Rok vydání:	2020
Předmět:	Labour economics Poverty Economic progress media_common.quotation_subject Unemployment Economics Prosperity Augmented Dickey–Fuller test Economic productivity media_common
Zdroj:	ANNALS OF SOCIAL SCIENCES AND PERSPECTIVE. 1:09-17
ISSN:	2788-8797 2707-7063
DOI:	10.52700/assap.v1i1.14
Popis:	Economic prosperity of any nation relies on the economic progress. The most significant indicator for economic progress is employment generation and it has a negative impact on the overall economy. When there is increase in the employment opportunities overall economic productivity increases as there increase the level of living. Unemployment is also related with poverty. High level of unemployment causes increase in the level of poverty. This research used the data for 1976 to 2017 from various secondary sources. After examining the nature of the time series the by using the ADF (Augmented Dickey Fuller) test the ARDL model was used for the analysis. The results illustrate the inverse impact of unemployment on the economic performance in the country. Increase in labor supply which causes to increase in unemployment the study concluded that enhanced economic activities as increase in employment opportunities which leads to increase in overall economic wellbeing
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d554e6b6c267d8f66f3b5fcb6145ea6c https://doi.org/10.52700/assap.v1i1.14 Zobrazit plný text záznamu