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Electricity generation as a determinant of unemployment in Pakistan
Journal of Chinese Economic and Foreign Trade Studies ( IF 1.1 ) Pub Date : 2016-06-06 , DOI: 10.1108/jcefts-03-2016-0010
Adnan Rashid , Anwaar Ul Haq

Purpose - The area about unemployment and its participation in the economic progress has been widely debated in literature. a significant number of studies on this impediment of economic boom have been found which considers the concept through okun's law. This study applies some different approach and re-define the model about determinants of unemployment via inclusion of electricity generation in it. The purpose here for such consideration is the redefinition of determinants to clearly examine the role of each participant in solution of the problem. Design/methodology/approach - This study for accomplishment of subject matter considers macroeconomic determinants of unemployment and includes electricity generation process in model. such model is then empirically tested via structural VAR and impulse response function. Findings - The empirical analysis of the study by stating the presence of long run association comprehend the findings of most of the previously held studies on the subject matter. In addition to such cointegration, the presence of long run restriction validates the main research question by explaining the negative relationship of GDP and electricity generation with unemployment of the country. additionally, the responses of impulse function further validate the hypothesis by stating the more response of both electricity generation and GDP than any other variable in elucidating the problem of unemployment. Research limitations/implications - The main limitation of this study is its restrictive use of electricity generation as a source of power generation. One can use other sources of power generation in addition to electricity generation in the study. Furthermore, this study only applies the concept of macroeconomic variables for getting the solution of problem. Besides macroeconomic factors, a number of microeconomic factors are also present that in addition to above mentioned macroeconomic variables help the policy makers to elucidate the problem. Originality/value - The originality of this paper lies in its concept about involvement of electricity generation in determinants of unemployment. To date no such study has been found in existing body of literature that has investigate the problem from this perspective and hence represents contribution of authors to the area of literature.

中文翻译:

发电是巴基斯坦失业的决定因素

目的-有关失业及其对经济进步的参与的领域在文献中已被广泛辩论。关于经济繁荣的这一障碍的大量研究已经找到,这些研究通过奥肯定律考虑了这一概念。这项研究采用了一些不同的方法,并通过将发电纳入其中,重新定义了有关失业决定因素的模型。这里考虑的目的是重新定义决定因素,以清楚地检查每个参与者在解决问题中的作用。设计/方法论/方法-这项关于主题完成的研究考虑了失业的宏观经济决定因素,并将发电过程包括在模型中。然后通过结构VAR和脉冲响应函数对这种模型进行经验测试。结果-通过陈述长期关联的存在对研究进行实证分析,从而理解了以前有关该主题的大多数研究的发现。除了这种协整关系外,长期限制的存在还通过解释GDP和发电量与该国失业之间的负相关关系验证了主要的研究问题。此外,脉冲函数的响应通过阐明发电量和GDP的响应比任何其他变量都更好,从而进一步验证了这一假设,从而阐明了失业问题。研究的局限性/意义-这项研究的主要局限性是它限制使用发电作为发电来源。在研究中,除了发电以外,还可以使用其他发电来源。此外,本研究仅将宏观经济变量的概念用于解决问题。除了宏观经济因素外,还存在许多微观经济因素,除了上述宏观经济变量以外,这些变量还有助于政策制定者阐明这一问题。原创性/价值-本文的原创性在于其有关发电与失业决定因素有关的概念。迄今为止,在现有的文献中都没有发现这样的研究,它已经从这个角度研究了这个问题,因此代表了作者对文学领域的贡献。本研究仅将宏观经济变量的概念用于解决问题。除了宏观经济因素外,还存在许多微观经济因素,除了上述宏观经济变量以外,这些变量还有助于政策制定者阐明这一问题。原创性/价值-本文的原创性在于其有关发电与失业决定因素有关的概念。迄今为止,在现有的文献中都没有发现这样的研究,它已经从这个角度研究了这个问题,因此代表了作者对文学领域的贡献。本研究仅将宏观经济变量的概念用于解决问题。除了宏观经济因素外,还存在许多微观经济因素,除了上述宏观经济变量以外,这些变量还有助于政策制定者阐明这一问题。原创性/价值-本文的原创性在于其有关发电与失业决定因素有关的概念。迄今为止,在现有的文献中都没有发现这样的研究,它已经从这个角度研究了这个问题,因此代表了作者对文学领域的贡献。原创性/价值-本文的原创性在于其有关发电与失业决定因素有关的概念。迄今为止,在现有的文献中都没有发现这样的研究,它已经从这个角度研究了这个问题,因此代表了作者对文学领域的贡献。原创性/价值-本文的原创性在于其有关发电与失业决定因素有关的概念。迄今为止,在现有的文献中都没有发现这样的研究,它已经从这个角度研究了这个问题,因此代表了作者对文学领域的贡献。
更新日期:2016-06-06
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