ISSN: 1998 - 4162

JISR MSSE Journal Contents

Volume 10, Number 1, January 2012


Relationship between Unemployment and Gross Domestic Product: Evidence from Pakistan using Okun`s Law
Abdul Rahim Batavia - SZABIST, Karachi, Pakistan
M.Abdus Salam - State Bank of Pakistan, Karachi, Pakistan


Abstract
Today unemployment is a problem faced by many countries. It aggravated further when recession hit the globe in 2008-2009. Many countries are still unable to bring unemployment level to normal levels and struggling hard to bring economy back on track. The output - unemployment relationship was postulated by Arthur Okun in 1962 which led to famous Okun`s Law...

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