Data analysis, economic reforms, gross domestic product, unemployment
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An Analysis on the Validity of Okun’s Law: An Assessment of India’s Unemployment–Output Relationship
Abstract: This study examines the relation between GDP growth rate and rate of unemployment in the Indian context for the years 1998–2013. It tries to check whether the Okun’s Law holds for this dataset or not i.e., whether unemployment rate has a negative association with GDP growth rate or not. On basis of correlation and regression analysis, it concludes that for India and for this period, there has been no association …
Published in NOLEGEIN Journal of Corporate & Business Laws · Vol. 3, Issue 2, 2020 · pp. 12–24 Read article