An Empirical Estimation of Okun’S Law in Context of Pakistan

@inproceedings{Akram2014AnEE,
  title={An Empirical Estimation of Okun’S Law in Context of Pakistan},
  author={Misbah Akram and Shahzad Hussain and Syed Hasan Raza and S. Masood},
  year={2014}
}
This research work is on the topic of an empirical estimation of Okun’s law in context of Pakistan. Coefficient of Okun’s law is estimated to check whether this law exist in Pakistan’s economy or not. Okun’s law shows three to one link between real GDP and rate of unemployment. Time series data of real GDP and rate of unemployment of Pakistan have been used to find the validity of Okun’s law. Duration of data is 1972 - 2012. Different three versions of Okun’s law gap version, difference version… CONTINUE READING