The Effect of Oil Prices on Unemployment: Evidence from Pakistan

AHMAD, Fawad

The Effect of Oil Prices on Unemployment: Evidence from Pakistan

Fawad AHMAD (Lecturer (Finance), Management Sciences Department, Iqra National University, Peshawar, Pakistan)

İşletme ve Ekonomi Araştırmaları Dergisi

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Yıl: 2013 Cilt: 4 Sayı: 1 Sayfa Aralığı: 43 - 57 Metin Dili: İngilizce İndeks Tarihi: 29-07-2022

The Effect of Oil Prices on Unemployment: Evidence from Pakistan

Öz:

A developing country like Pakistan is heavily dependent on the oil as inputs for almost every industrial sector therefore increase in oil prices, increases inputs cost, consequently increasing production costs and unemployment rate. Existing literature has mostly focused on the relationship between unemployment and oil prices of developed countries, the current study used the data from developing country Pakistan to investigate the relationship between oil prices and unemployment. The current study used monthly data from the period 1991:01–2010:12, making 238 observations of each variable for analysis and employed Toda Yamamoto causality test. The results of current study suggested the significant effect of oil prices on unemployment but found no significant association between real interest rate and unemployment, thus findings of current study are partially consistent with the efficiency wage model. Furthermore, results suggest that real oil prices cause significant changes in the real interest rate in Pakistan. It can be concluded from the results that oil prices can be used in long run to improve the forecasting of unemployment and real interest rate

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Konular: Tarih

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	AHMAD F (2013). The Effect of Oil Prices on Unemployment: Evidence from Pakistan. , 43 - 57.
Chicago	AHMAD Fawad The Effect of Oil Prices on Unemployment: Evidence from Pakistan. (2013): 43 - 57.
MLA	AHMAD Fawad The Effect of Oil Prices on Unemployment: Evidence from Pakistan. , 2013, ss.43 - 57.
AMA	AHMAD F The Effect of Oil Prices on Unemployment: Evidence from Pakistan. . 2013; 43 - 57.
Vancouver	AHMAD F The Effect of Oil Prices on Unemployment: Evidence from Pakistan. . 2013; 43 - 57.
IEEE	AHMAD F "The Effect of Oil Prices on Unemployment: Evidence from Pakistan." , ss.43 - 57, 2013.
ISNAD	AHMAD, Fawad. "The Effect of Oil Prices on Unemployment: Evidence from Pakistan". (2013), 43-57.

APA	AHMAD F (2013). The Effect of Oil Prices on Unemployment: Evidence from Pakistan. İşletme ve Ekonomi Araştırmaları Dergisi, 4(1), 43 - 57.
Chicago	AHMAD Fawad The Effect of Oil Prices on Unemployment: Evidence from Pakistan. İşletme ve Ekonomi Araştırmaları Dergisi 4, no.1 (2013): 43 - 57.
MLA	AHMAD Fawad The Effect of Oil Prices on Unemployment: Evidence from Pakistan. İşletme ve Ekonomi Araştırmaları Dergisi, vol.4, no.1, 2013, ss.43 - 57.
AMA	AHMAD F The Effect of Oil Prices on Unemployment: Evidence from Pakistan. İşletme ve Ekonomi Araştırmaları Dergisi. 2013; 4(1): 43 - 57.
Vancouver	AHMAD F The Effect of Oil Prices on Unemployment: Evidence from Pakistan. İşletme ve Ekonomi Araştırmaları Dergisi. 2013; 4(1): 43 - 57.
IEEE	AHMAD F "The Effect of Oil Prices on Unemployment: Evidence from Pakistan." İşletme ve Ekonomi Araştırmaları Dergisi, 4, ss.43 - 57, 2013.
ISNAD	AHMAD, Fawad. "The Effect of Oil Prices on Unemployment: Evidence from Pakistan". İşletme ve Ekonomi Araştırmaları Dergisi 4/1 (2013), 43-57.