%0 Journal Article
%T Factors Effecting Unemployment: A Cross Country Analysis
%A Aurangzeb
%A Khola Asif
%J International Journal of Academic Research in Business and Social Sciences
%D 2013
%I Human Resource Management Academic Research Society
%X This paper investigates macroeconomic determinants of the unemployment for India, China and Pakistan for the period 1980 to 2009. The investigation was conducted through co integration, granger causality and regression analysis. The variables selected for the study are unemployment, inflation, gross domestic product, exchange rate and the increasing rate of population. The results of regression analysis showed significant impact of all the variables for all three countries. GDP of Pakistan showed positive relation with the unemployment rate and the reason of that is the poverty level and underutilization of foreign investment. The result of granger causality showed that bidirectional causality does not exist between any of the variable for all three countries. Co integration result explored that long term relationship do exist among the variables for all the models. It is recommended that distribution of income needs to be improved for Pakistan in order to have positive impact of growth on the employment rate.
%K Unemployment
%K cointegration
%K regression analysis
%K foreign investment
%U http://www.hrmars.com/admin/pics/1448.pdf