Relationship between labor force participation and unemployment in Pakistan
This paper investigates the relationship between labor force participation and unemployment in Pakistan using the annual time series data for the period 1990-2021. Johansen's cointegration and Gregory and Hansen's cointegration tests determine the long-run relationship between unemployment...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | en |
| Published: |
Economics Bulletin
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/118431/1/118431.pdf http://psasir.upm.edu.my/id/eprint/118431/ https://www.accessecon.com/Pubs/EB/2024/Volume44/EB-24-V44-I1-P21.pdf |
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| Summary: | This paper investigates the relationship between labor force participation and unemployment in Pakistan using the annual time series data for the period 1990-2021. Johansen's cointegration and Gregory and Hansen's cointegration tests determine the long-run relationship between unemployment and labor force participation rate for aggregate male and female workers. Both cointegration procedures confirm no long-run relationship between the variables. Therefore, the results confirm the unemployment invariance hypothesis for aggregate and male and female workers in Pakistan. |
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