THE IMPACT OF UNEMPLOYMENT ON MACROECONOMIC INDICATORS. OKUN'S LAW.

Авторы

  • Rano Mardanova Nordic International University

Ключевые слова:

Unemployment, production, Okun's law, economic growth

Аннотация

This research explores the intricate relationship between unemployment and macroeconomic indicators, with a particular focus on Okun’s Law, which posits a negative correlation between unemployment rates and economic output. By analyzing historical data across various economies, this study aims to quantify the impact of changes in unemployment on GDP growth rates, thereby providing empirical evidence supporting Okun’s hypothesis. The analysis incorporates a range of macroeconomic indicators, including inflation rates, consumer spending, and productivity levels, to assess how fluctuations in unemployment influence overall economic performance. Additionally, the research examines the implications of structural versus cyclical unemployment on long-term economic stability and growth. Through econometric modeling and comparative analysis of different countries’ labor markets during periods of economic expansion and contraction, this study seeks to offer insights into policy measures that can mitigate the adverse effects of unemployment on macroeconomic health.

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Опубликован

2025-01-20

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Исследовательские статьи

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