摘要: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.
关键词:Unemployment; Economic growth; Panel Cointegration; FMOLS; ; SAARC countries