Examining the Effects of Unemployment on Economic Growth in Sri Lanka (1991-2017)

S. A. U. Niranjala

Abstract


Economic growth of a country can be considered as a major requirement to reduce unemployment. This paper has investigated the relationship between growth and unemployment for the period of 1991-2017 in Sri Lanka through the implementation of Okun’s law, using ARDL Bound test approach. The empirical results confirmed existence of Okun’s Law which is negative relationship between unemployment and economic growth in Sri Lanka. Thus, it can be concluded that the lack of economic growth explain the unemployment problem in Sri Lanka

Keywords: ARDL Bound test, GDP, Okun’s Law, Unemployment

DOI: 10.7176/JESD/10-20-04

Publication date:October 31st 2019


Full Text: PDF
Download the IISTE publication guideline!

To list your conference here. Please contact the administrator of this platform.

Paper submission email: JESD@iiste.org

ISSN (Paper)2222-1700 ISSN (Online)2222-2855

Please add our address "contact@iiste.org" into your email contact list.

This journal follows ISO 9001 management standard and licensed under a Creative Commons Attribution 3.0 License.

Copyright © www.iiste.org