Study on the relationship among Chinese unemployment rate, economic growth and inflation
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| Title | Study on the relationship among Chinese unemployment rate, economic growth and inflation |
| Authors | |
| Abstract | This paper attempts to estimate VAR Model of interaction mechanisms of unemployment rate, economic growth and inflation rate in china. Also we identify the co-integrating vectors to establish the long-run relationship among these variables by using annual data from 1978 to 2010, on this base the Error correction model of them is also established. The results show that there is a long-term stable equilibrium relationship among them, in the short term, however, economic growth is positive correlated with unemployment rate while inflation and unemployment rate are negative correlated with inflation. |
| Publisher | World Science Publisher |
| Date | 2012-03-31 |
| Source | 2167-6348 |
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