摘要：This study presents the new regression estimates of the relationship between unemployment and economic growth for 12 selected Asian countries over the period 1982-2011. Fixed effect and Pooled OLS techniques are used to analyze the panel data for measuring individual country effects, group effects and time effects while exploring the relationship between Unemployment rate and the Economic Growth. The results showed that higher unemployment rate has significant negative impact on GDP per capita growth (a proxy for economic growth). The results also investigated that economic growth seems to be significantly affected by traditional determinants such as Inflation (consumer price index), Population growth, Gross Capital Formation, Trade openness etc. Based on our results the author has concluded that reduction in unemployment rate would be a better option for more and sustained economic growth and also improving the welfare of the people.
