Journal of Economic Research (Tahghighat- E- Eghtesadi)

Journal of Economic Research (Tahghighat- E- Eghtesadi)

Discussion on Okun’s Law in Iran: Particular Emphasis on Population ‎Structure

Document Type : Research Paper

Authors
Yadollah Dadgar
Rohollah Nazari
Fatemeh Fahimifar
professor of economics,Beheshty university
10.22059/jte.2014.53192
Abstract
A basic subject in economy is change in growth of population and it’s link to ‎other variables. If growth in population is consistent with other economic ‎circumstances, it would lead to economic growth, otherwise it would be ‎problematic. By using Okun's law and population structures, this paper is ‎analysis the case for Iran for 1974-2010. Predictions are related to 2025 ‎horizon. The results show that there is a positive relation between human ‎capital and economic growth. Unemployment and inflation rates are ‎negatively related to social welfare. Economic growth and unemployment are ‎negatively related. The social welfare index and rate of women between 15- ‎‎44 to population are positively related with marriage. Finally average percent ‎of changes up to 2025 would be between -0.17-0.38. ‎
Keywords
economic growth
Okun’s law
Unemployment
fertility
Social Welfare
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Journal of Economic Research (Tahghighat- E- Eghtesadi)
Volume 49, Issue 4 - Serial Number 4
Winter 2015
Pages 927-959

  • Receive Date 17 January 2014
  • Revise Date 09 September 2014
  • Accept Date 30 September 2014