(Download) "Economic Growth and Unemployment: An Empirical Analysis (Report)" by Journal of Social Sciences # eBook PDF Kindle ePub Free
eBook details
- Title: Economic Growth and Unemployment: An Empirical Analysis (Report)
- Author : Journal of Social Sciences
- Release Date : January 01, 2011
- Genre: Social Science,Books,Nonfiction,
- Pages : * pages
- Size : 181 KB
Description
INTRODUCTION It is a widely accepted view in economics that the growth rate of the GDP of an economy increases employment and reduces unemployment. This theoretical proposition relating output and unemployment is called "Okun's Law". This relation is among the most famous in macroeconomics theory and has been found to be hold for several countries and regions mainly, in developed countries (Lee, 2000; Farsio and Quade, 2003; Christopoulos, 2004; Daniels and Ejara, 2009). However, there is very few attempts of this kind have been made in developing countries and mainly in Arabs countries. Therefore, the motivation of this study is to test the validity of okun's law for Jordan.
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