Econometric Test on Growth-Unemployment Nexus in India

Bhowmik, Debesh

doi:10.29145/2018/jqm/020205

Cited by 1 publication

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“…In that case, attaining sustainable economic growth and unemployment goal by 2030 seems impossible for India. Therefore, Okun’s coefficient of India -0.14 is misleading the exact unemployment and GDP growth nexus as it is estimated using the World Bank data which is mostly alike to the findings of Bhowmik ( 2018 ) discussed in Sect. 2.…”

Section: Resultsmentioning

confidence: 72%

“…In India, the unemployment and output gap nexus is negative and insignificant during 1991 to 2016, (Bhowmik, 2018 ). Moreover, the Indian labor market is facing a lower participation rate of the working-age population, and the labors are continuously switching from the agricultural sector to the industry and service sectors causing a downward trend in the agricultural productivity there (Borooah, 2019 ) and (Desgupta and Kar, 2018 ).…”

Section: The Scenario Of Sustainable Economic Growth and Unemployment Rate In Asiamentioning

confidence: 99%

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Sustainable economic growth and unemployment nexus of SDG 2030: Bangladesh in Asia

et al. 2022

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In this study, we applied the Okun’s law to examine the current progress of sustainable economic growth and unemployment goal of the fourteen developed and developing countries of Asia. Our findings suggests in the long-run, only China has achieved the sustainable economic growth and unemployment goal until 2018. However, due to recent downward trend of economic growth and upward trend of unemployment rate, China is currently walking opposite to the said goal. Besides, Bangladesh, Kazakhstan and Thailand are progressing fast and Malaysia and Tajikistan are progressing moderately towards the sustainable economic growth and unemployment goal 2030. Despite a higher Okun’s coefficient, Turkey is walking opposite to the SDG 2030 due to a sharp rising trend of unemployment and a quick declining trend of GDP in recent time. The rest of the countries are far-off from the above-mentioned goals.

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Section: Resultsmentioning

confidence: 72%

Section: The Scenario Of Sustainable Economic Growth and Unemployment Rate In Asiamentioning

confidence: 99%