This study investigates the dynamic relationship between economic growth (measured by real GDP growth) andunemployment across the five Central Asian economies—Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan,and Uzbekistan—over the period 2000–2023. The region’s transition economies offer a unique context where rapideconomic development, often driven by commodity exports and foreign direct investment, does not consistently translateinto proportional job creation, reflecting deviations from Okun’s Law. Using panel data techniques, including the PanelAutoregressive Distributed Lag (P-ARDL) model and the Vector Error Correction Model (VECM), the research estimatesshort-run and long-run elasticities between economic growth and unemployment. Findings reveal significant heterogeneityacross countries. A statistically significant negative long-run relationship is confirmed, indicating that a 1% increase inGDP growth is associated with a decline in unemployment; however, the magnitude varies due to differences in economicstructure. Short-run estimates reveal substantial variation, suggesting labor market rigidities and mismatches betweenlabor supply and demand. Countries dependent on extractive industries display weaker job elasticity, resulting in “joblessgrowth.” This study contributes to the empirical literature by offering updated, region-specific evidence that can assistpolicymakers in promoting more inclusive and employment-rich growth through economic diversification and investmentin human capital.
| Mualliflar | Kungratov , Ilmurod, Jumayev , Samariddin |
|---|---|
| Jurnal | Innovation science and technologiy |
| Nashr sanasi | 2025-11-01 |
| Jild | 1 |
| Son | 11 |
| Til | Ingliz |
| DOI | 10.5281/zenodo.17757091 |
DOI: 10.5281/zenodo.17757091 · Maqolaning asl sahifasi
Economic Growth, Unemployment, Central Asia, Okun's Law, Panel Data Analysis, P-ARDL, Jobless Growth, Labor Market Dynamics, Transition Economies.
This article examines the systematic development of marketing activities in private higher educational institutionsand explores ways to enhance their effectiveness. The study analyzes the characteristics of the…
It is well known that econometric knowledge emerged and developed as a result of the interconnection andadvancement of such disciplines as economic theory, economic mathematics, economic statistics, probability theory…
Ekoturizm – bu tabiiy muhitni saqlash va mahalliy jamoalarni qo‘llab-quvvatlashga qaratilgan turizm turi bo‘lib,u barqaror rivojlanish maqsadlariga hissa qo‘shadi. Ushbu maqolada ekoturizmning barqaror rivojlanishdagi…
In the wake of rapid digital transformation in emerging markets, it is increasingly debated whether resourceconstrainedentrepreneurial systems can achieve sustainable ecosystem expansion through open innovation in…
This article examines ways to develop innovative processes in the activities of small business entities in thenational economy. Additionally, it studies the current state of the development of innovative processes…
Ushbu maqola nodavlat oliy ta’lim muassasalarida marketing faoliyatining tizimli rivojlanishdagi o‘rni va uningsamaradorligini oshirish yo‘llarini o‘rganishga bag‘ishlangan. Maqolada marketing nazariyasi, ta’lim…
The article examines the need, essence and factors, goals, objectives and problems of managing the financialstability of an enterprise at the present stage of liberalization and modernization of the economy in the…
In a competitive and uncertain market environment, strengthening a company’s marketing focus and makingwell-informed management decisions requires comprehensive marketing analysis. This is particularly relevant…
This paper examines international approaches to financing early childhood education (ECE) and explores howkey financing mechanisms can be adapted to support the ongoing expansion of preschool education in…
This study examines the causal relationship between small and medium enterprise (SME) financing and economicgrowth in Uzbekistan using panel data from fourteen regions for the period 2010–2024. A comprehensive…