Macroeconomic Determinants of Unemployment: An Empirical Study for Pakistan

Authors

  • Bedi-uz- Zaman University of Sargodha, Pakistan. Author
  • Muzammil Hussain University of Sargodha, Pakistan. Author
  • Abdus- Salaam Lahore University of Management Sciences, Lahore, Pakistan. Author

DOI:

https://doi.org/10.62345/jads.2013.2.3.2840

Abstract

This study is an attempt to investigate the determinants of unemployment in Pakistan. Annual data series is used from the period 1977 to 2011. The variables used in this study are inflation, gross fixed capital formation, rate of interest, GDP, unemployment rate and remittances. Unit root test is used to check the properties of time series data. The study has employed ARDL framework to investigate the determinants of unemployment in Pakistan. The study found a negative relationship of unemployment with remittances, GFC, GDP, interest rate and positive with inflation. The value of ECM (-0.6475) also shows a significant speed of adjustment.

Author Biographies

  • Bedi-uz- Zaman, University of Sargodha, Pakistan.

    Assistant Professor, Department of Economics, University of Sargodha, Pakistan.

  • Muzammil Hussain, University of Sargodha, Pakistan.

    M Phil Economics Scholar, University of Sargodha, Pakistan.

  • Abdus- Salaam, Lahore University of Management Sciences, Lahore, Pakistan.

    BS Student, Lahore University of Management Sciences, Lahore, Pakistan.

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Published

2013-09-27

Issue

Vol. 2 No. 3 (2013): Journal of Asian Development Studies, Volume 2, Issue 3 (September 2013)

Section

Articles

How to Cite

Macroeconomic Determinants of Unemployment: An Empirical Study for Pakistan. (2013). Journal of Asian Development Studies, 2(3), 43-50. https://doi.org/10.62345/jads.2013.2.3.2840