Monday, December 9, 2024
From a paper by Akhilesh Kumar Sharma, and Sushil Kumar Rai:
“The empirical results from the applied models do not confirm an inverse relationship between output growth and the unemployment rate with an unexpected positive sign of Okun’s coefficient. The evidence of preference for more capital-intensive techniques in the Indian economy is also strongly supported by the results of the expanded form of Okun’s law with a statistically significant positive coefficient of GDP and labour productivity.”
Posted by at 9:30 PM
Labels: Inclusive Growth
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