文章基本信息

标题：The validity of Okun’s Law: Evidences from Indian economy
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作者：Tariq Ahmad BHAT ; Tariq Ahmad LONE ; Towseef Mohi Ud DIN 等
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2019
卷号：XXVI
期号：4
页码：273-278
语种：English
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：Unemployment is one of the most prominent issues being faced by developing countries especially India. Unemployment means productive resources not being utilized at all, which results low growth rate in real GDP. In macroeconomic terminology this relationship is called as Okun’s Law. The main aim of this paper is to examine whether there exists an Okun type relationship in Indian economy or not. Empirical result shows negative and significant effect of growth upon unemployment rate. Our model suggests that 1% increase in GDP will decrease unemployment rate by 0.4 percentage point.