Samad, Abdus - In: Global business and finance review 28 (2023) 1, pp. 88-101
Purpose: This paper retested the Okun’s Law established in the 1960s and the subsequent research on Okun’s findings that a 1% increase in unemployment would lead to a 3 % decrease in GDP), i.e. Okun’s coefficient (β)= -3 in diverse economies of sixteen South and Southeast Asia, sixteen...
