DO MACROECONOMIC DETERMINANTS SUBSTANTIALLY AFFECT UNEMPLOYMENT?
DO MACROECONOMIC DETERMINANTS SUBSTANTIALLY AFFECT UNEMPLOYMENT?
Author(s): Mohammad Mushfiqul Haque MukitSubject(s): Business Economy / Management, Public Administration, Labor relations, International relations/trade, Political economy, Demography and human biology, Economic development, Asylum, Refugees, Migration as Policy-fields
Published by: Editura Tehnopress
Keywords: ADF; Economic Growth; FDI; GDP; Inflation; Unemployment;
Summary/Abstract: Bangladesh is a developing country that wants support for economic growth from other countries. This is would accomplish by receiving a large amount of foreign direct investment (FDI) that leads to a higher rate of jobs. Higher jobs contribute to better Bangladeshi life while rising its gross domestic product (GDP). However, unemployment remains one of the major problems facing the world today. The research analyzed the long-run and short-run relationships between unemployment and its macroeconomic determinants over the period 1991-2018/19, including industry value-added, inflation rate, foreign direct investment (FDI), urban population growth, and real gross domestic product (RGDP). This research employed the Johansen co-integration, Vector Auto Regression (VAR) testing method, the Augmented Dickey-Fuller (ADF) to unit root. The outcome of the regression indicates that the long-run unemployment rate explained by foreign debt, inflation, FDI, population growth, and RGDP. Therefore, we propose some economic proposals that the outcome of this study.
Journal: Journal of Public Administration, Finance and Law
- Issue Year: 2020
- Issue No: 18
- Page Range: 175-189
- Page Count: 15
- Language: English