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| Muhammad zaheer Khan, Rusmawati Said and Sadaf Amjad |
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| ''Relationship between labor force participation and unemployment in Pakistan'' |
| ( 2024, Vol. 44 No.1 ) |
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| 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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| Keywords: Unemployment Invariance Hypothesis, Unemployment, Labor force participation, Time series, Cointegration |
JEL: J1 - Demographic Economics: General
J4 - Particular Labor Markets: General |
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| Manuscript Received : Nov 08 2022 | | Manuscript Accepted : Mar 30 2024 |
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