Abstract
Okun's law postulates an inverse relationship between movement of the real gross domestic product (GDP) and movement of the unemployment. In the light of modern theoretical studies, this paper note investigates the relationship between GDP and unemployment in China through the implementation of Okun's law over the period 1978-2006. The empirical research results reveal that Okun's law can not be confirmed in China. In this paper, we apply Statistical Analysis System (SAS) to analyze, establish and optimize an regression model for the relationship between GDP and unemployment in China based on the effective utility of statistics acquired from 2005 Statistical Summary of China and the relative statistical site in Internet. Research shows that such an analysis and this regression model established and optimized for the relationship between GDP and unemployment could provide valuable information to policy makers in their efforts to adopt increasingly efficient economic policies against unemployment.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
