THE RELATIONSHIP BETWEEN UNEMPLOYMENT RATE AND ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS BASED ON OKUN’S LAW

Authors

Fakhriddinova Sarvinoz Fazliddinovna Assistant teacher of Samarkand Institute of Economics and Service

Keywords:

Okun’s Law, economic growth, unemployment, econometric analysis, regression model, Uzbekistan, employment, macroeconomics.

Abstract

This article examines the relationship between economic growth and unemployment in Uzbekistan based on Okun’s Law using econometric methods. The study builds a regression model based on macroeconomic indicators from 2000 to 2024 and calculates the Okun coefficient. The results demonstrate a negative impact of GDP growth on unemployment. The paper includes theoretical foundations, empirical analysis, and practical recommendations.

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References

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Published

2025-05-30

How to Cite

Fakhriddinova Sarvinoz Fazliddinovna. (2025). THE RELATIONSHIP BETWEEN UNEMPLOYMENT RATE AND ECONOMIC GROWTH: AN ECONOMETRIC ANALYSIS BASED ON OKUN’S LAW. International Multidisciplinary Journal for Research & Development, 12(05). Retrieved from https://ijmrd.in/index.php/imjrd/article/view/3254