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All Journal Jurnal Ekonomi IJBE (Integrated Journal of Business and Economics) ECOPLAN : JOURNAL OF ECONOMICS AND DEVELOPMENT STUDIES Convergence : The Journal of Economic Development Oikos - Nomos : Jurnal Kajian Ekonomi dan Bisnis Jurnal Keuangan dan Akuntansi Terapan (KUAT) Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Jurnal REP (Riset Ekonomi Pembangunan) Jurnal Ekonomi Pembangunan Kreativasi: Journal of Community Empowerment
Pasaribu, Esti
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Religion Agriculture, Biological Sciences & Forestry Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Social Sciences Other

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Journal : Convergence : The Journal of Economic Development

 1 
Pembuktian Okun’s Law dalam Pertumbuhan Ekonomi di Indonesia Pasaribu, Esti
Convergence: The Journal of Economic Development Vol.4 No.2 (2022)
Publisher : Universitas Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33369/convergencejep.v4i2.28517

Abstract

This study aims to investigate the impact of economic growth and inflation on unemployment in Indonesia over the period 1990-2021. Okun's Law states that there is a relationship between economic growth and unemployment, where the percentage increase in economic growth will be offset by a greater change in the unemployment rate. In other side, the classical Philips curve indicates a trade-off between inflation and unemployment. The data used in this study are secondary data of economic growth, unemployment rate, and inflation rate in Indonesia, obtained from Central Bureau of Statistics and Bank Indonesia website. The data was processed using the autoregressive distribution lag model (ARDL)  to obtain the regression coefficients. Aggregated data results show a negative relationship between economic growth and inflation to the unemployment rate. Thus, the authorities must focus on sustaining economic growth and inflation to reduce the unemployment rate in Indonesia.   Keywords :  Economic Growth1, Unemployment Rate2, Inflation 3
Co-Authors Armelly, Armelly Ekaputri, Retno Agustina Fatihah, Vahlefi Rahmat Febriani, Ratu Eva Filloza, Nauval Zaky Maharani, Dian Putri Muhammad Rusdi Natasya Putri Andini Nopiah, Ririn Permana, Handika Pradana, Zayus Aryah Putri, Novi Tri Riki Irawan Romiza, Naziha Rospida, Lela Septriani Septriani Sitorus, Antoni Yefriza Yefriza, Yefriza