Relationship between Economic Growth and Unemployment; Measuring Okun’s Coefficient for Bangladesh

Md Kamrul Islam, Khawaja Saifur Rahman and Mehnaz Akter
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Md Kamrul Islam: Senior Lecturer, Independent University Bangladesh
Khawaja Saifur Rahman: Senior Lecturer, Independent University Bangladesh
Mehnaz Akter: Student, Independent University Banglades

International Journal of Research and Innovation in Social Science, 2021, vol. 05, issue 08, 628-635

Abstract: This paper intends to determine the Okun’s coefficient and the validity of Okun’s law in Bangladesh. Moreover, further analysis is done to determine the impact of female unemployment on economic growth of Bangladesh. We have used time series annual data of Bangladesh with a time period from year 2000-2019. The Hodrick-Prescott filter detrending technique has been used to generate the unemployment gap and output gap, two unit root tests have been done to check for stationarity of the data collected i.e. Augmented Dickey Fuller test and the Phillips-Perron test, the Johansen co-integration test has been performed to check for long run cointegration between the variables and finally the Ordinary Least Square (OLS) regression is used to determine the type of correlations between the variables and finally two tests have been performed (Breusch Pegan and White test) to check for heteroscedasticity in the error term.ning new interested entrepreneurs who are about to venture into agriculture business to boost their knowledge in the sector which enhance their productivity.

Date: 2021
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