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The relationship between output And unemployment in Malaysia: does Okun’s Law exist?

Unemployment is an important issue in developing economies. High unemployment means that labour resources are not being used efficiently. In the macroeconomic framework there is a well known relationship called Okun’s Law, which states that the negative relationship between movements of unemployment...

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Main Authors: Mohd Noor, Zaleha, Mohamed Nor, Norashidah, Abdul Ghani, Judhiana
Format: Article
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2007
Online Access:http://psasir.upm.edu.my/id/eprint/671/1/bab02.pdf
http://psasir.upm.edu.my/id/eprint/671/
http://econ.upm.edu.my/ijem/vol1_no3.htm
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spelling my.upm.eprints.6712015-07-06T01:48:45Z http://psasir.upm.edu.my/id/eprint/671/ The relationship between output And unemployment in Malaysia: does Okun’s Law exist? Mohd Noor, Zaleha Mohamed Nor, Norashidah Abdul Ghani, Judhiana Unemployment is an important issue in developing economies. High unemployment means that labour resources are not being used efficiently. In the macroeconomic framework there is a well known relationship called Okun’s Law, which states that the negative relationship between movements of unemployment rate and real GDP can be determined. This paper examines whether there exist an Okun-type relationship between output and unemployment in the Malaysian economy. The empirical results show that the negative relationship between output and unemployment is present. Some policy implications are discussed at the end of the paper. Faculty of Economics and Management, Universiti Putra Malaysia 2007-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/671/1/bab02.pdf Mohd Noor, Zaleha and Mohamed Nor, Norashidah and Abdul Ghani, Judhiana (2007) The relationship between output And unemployment in Malaysia: does Okun’s Law exist? International Journal of Economics and Management, 1 (3). pp. 337-344. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol1_no3.htm
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Unemployment is an important issue in developing economies. High unemployment means that labour resources are not being used efficiently. In the macroeconomic framework there is a well known relationship called Okun’s Law, which states that the negative relationship between movements of unemployment rate and real GDP can be determined. This paper examines whether there exist an Okun-type relationship between output and unemployment in the Malaysian economy. The empirical results show that the negative relationship between output and unemployment is present. Some policy implications are discussed at the end of the paper.
format Article
author Mohd Noor, Zaleha
Mohamed Nor, Norashidah
Abdul Ghani, Judhiana
spellingShingle Mohd Noor, Zaleha
Mohamed Nor, Norashidah
Abdul Ghani, Judhiana
The relationship between output And unemployment in Malaysia: does Okun’s Law exist?
author_facet Mohd Noor, Zaleha
Mohamed Nor, Norashidah
Abdul Ghani, Judhiana
author_sort Mohd Noor, Zaleha
title The relationship between output And unemployment in Malaysia: does Okun’s Law exist?
title_short The relationship between output And unemployment in Malaysia: does Okun’s Law exist?
title_full The relationship between output And unemployment in Malaysia: does Okun’s Law exist?
title_fullStr The relationship between output And unemployment in Malaysia: does Okun’s Law exist?
title_full_unstemmed The relationship between output And unemployment in Malaysia: does Okun’s Law exist?
title_sort relationship between output and unemployment in malaysia: does okun’s law exist?
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2007
url http://psasir.upm.edu.my/id/eprint/671/1/bab02.pdf
http://psasir.upm.edu.my/id/eprint/671/
http://econ.upm.edu.my/ijem/vol1_no3.htm
_version_ 1643821886537203712
score 13.211869

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