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Some non Price Factors that Fend off Unemployment in Pakistan

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  • Hassan, Muhammad shahid
  • Wajid, Ayesha
  • Mamoon, Dawood

Abstract

The study empirically analyzed the impact of financial development; foreign direct investment and urban population as share of total population on unemployment in Pakistan for the period from 1973 – 2010. Empirical findings of this study suggest that financial development does reduce unemployment significantly in the short run and in the long run. Foreign direct investment reduces unemployment in the long run but, it increases unemployment in the short run. Moreover; the urban population as share of total population is significantly increasing unemployment in the long run, whereas, it reduces unemployment in the short run.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 49365.

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Date of creation: 01 Sep 2013
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Handle: RePEc:pra:mprapa:49365

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Keywords: Pakistan; Financial Development; Unemployment; Foreign Direct Investment; and Urbanization;

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  1. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-72, June.
  2. Aleksander Berentsen & Guido Menzio & Randall Wright, 2009. "Inflation and Unemployment in the Long Run," Kiel Working Papers 1501, Kiel Institute for the World Economy.
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  4. James G. MacKinnon, 1995. "Numerical Distribution Functions for Unit Root and Cointegration Tests," Working Papers 918, Queen's University, Department of Economics.
  5. Cameron, Samuel, 1994. "A review of the econometric evidence on the effects of capital punishment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 23(1-2), pages 197-214.
  6. Stephen K. Layson, 1983. "Homicide and Deterrence: Another View of the Canadian Time-Series Evidence," Canadian Journal of Economics, Canadian Economics Association, vol. 16(1), pages 52-73, February.
  7. Isaac Ehrlich, 1996. "Crime, Punishment, and the Market for Offenses," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 43-67, Winter.
  8. Ehrlich, Isaac, 1977. "The Deterrent Effect of Capital Punishment: Reply," American Economic Review, American Economic Association, vol. 67(3), pages 452-58, June.
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