Analysis of applicability of Okun's Law in Tajikistan

Bc. Farrukh Hakimov

Diplomová práce

Abstract:

The major objective of the following thesis is to investigate if Okun's law, which is described as "1% increase in unemployment leads to 2% fall in GDP," actually holds true in the instance of Tajikistan, a country located in Central Asia. In his practical section, the author develops two econometric models, the first of which monitors the evolution of GDP in response to changes in unemployment. The second will have more variables, but it will eventually forecast how the same macroeconomic variable, GDP, will change. In addition, the author examines a number of factors that have a significant impact on Tajikistan's economy in order to precisely predict the growth of Tajikistan's GDP in 2022.

Keywords

GDP, Okun's Law, Tajikistan, Unemployment

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 2. 4. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 23. 5. 2023
• Vedoucí: Wilem Heijman
• Oponent: Jana Skřivánková, B.E., externi

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program:
Economics and Management