Does Indonesias economic growth reduce unemployment?
Dwi Windu Suryono (a*), Agustian Burda (b), Rama Chandra (c),
a) Management Department
Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta
Jakarta, Indonesia
d.windu[at]ymail.com
b) Management Department
Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta
Jakarta, Indonesia
agustian_burda[at]stei.ac.id
c) Management Department
Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta
Jakarta, Indonesia
rama_stei[at]yahoo.co.id
Abstract
This study is aimed at examining the existence of Okuns law, the negative relationship between economic growth and unemployment using First Difference Model to secondary data on real Gross Domestic Product and the open unemployment rate of Indonesia during the period 1986 - 2018. Okuns law exist in the Indonesia-s economy. Economic growth during 1986-2018 was able to reduce the number of unemployed people in Indonesia
Keywords: Okuns law, economic growth, unemployment, First Difference Model
Topic: Others