International Journal of Social Science & Economic Research
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Title:
DOES UNEMPLOYMENT EFFECT ON ECONOMIC GROWTH IN INDIA: AN ARDL APPROACH

Authors:
Malayaranjan sahoo

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Malayaranjan sahoo
Research Scholar, Department of Humanities and Social Sciences National Institute of Technology (NIT) Rourkela, Odisha

MLA 8
Sahoo, Malayaranjan. "DOES UNEMPLOYMENT EFFECT ON ECONOMIC GROWTH IN INDIA: AN ARDL APPROACH." Int. j. of Social Science and Economic Research, vol. 3, no. 10, Oct. 2018, pp. 5464-5475, ijsser.org/more2018.php?id=381. Accessed Oct. 2018.
APA
Sahoo, M. (2018, October). DOES UNEMPLOYMENT EFFECT ON ECONOMIC GROWTH IN INDIA: AN ARDL APPROACH. Int. j. of Social Science and Economic Research, 3(10), 5464-5475. Retrieved from ijsser.org/more2018.php?id=381
Chicago
Sahoo, Malayaranjan. "DOES UNEMPLOYMENT EFFECT ON ECONOMIC GROWTH IN INDIA: AN ARDL APPROACH." Int. j. of Social Science and Economic Research 3, no. 10 (October 2018), 5464-5475. Accessed October, 2018. ijsser.org/more2018.php?id=381.

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Abstract:
The study examined the effect of unemployment on economic growth in India during 1991-2017. Both short run and long run relation are analyzed through ARDL bound testing approach. The empirical result shows that there is negative relationship between unemployment and economic growth. Unemployment occurs when people are seeking and not working during their working age. This study satisfied Okun's law. Long run cointegration result revealed that unemployment rate increases economic growth by -1.07%. Private entrepreneurship should be encouraged and micro, small and medium enterprises also plays an important role for employment generation in india.