EN
Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach
Abstract
This paper envisages estimating the Time-Varying Non-Accelerating Inflation Rate of Unemployment (TV-NAIRU) as an unobserved stochastic variable for Pakistan over the time period 1973-74 to 2007-08 using Kalman filter. Results of the study are evident that TV-NAIRU increased from 5.3 percent (1990-91) to 8.12 percent (2004-05) and falls to 6.17 percent again in 2007-08 which is above the actual unemployment rate. The results also indicate that the NAIRU is a relevant concept and the unemployment gap should be one of the factors considered when assessing inflationary pressure in Pakistan.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
December 1, 2011
Submission Date
December 1, 2011
Acceptance Date
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Published in Issue
Year 2011 Volume: 1 Number: 4
APA
Shaheen, F., Haider, A., & Javed, S. A. (2011). Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. International Journal of Economics and Financial Issues, 1(4), 172-179. https://izlik.org/JA77MZ62XE
AMA
1.Shaheen F, Haider A, Javed SA. Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. IJEFI. 2011;1(4):172-179. https://izlik.org/JA77MZ62XE
Chicago
Shaheen, Farzana, Azad Haider, and Sajid Amin Javed. 2011. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues 1 (4): 172-79. https://izlik.org/JA77MZ62XE.
EndNote
Shaheen F, Haider A, Javed SA (December 1, 2011) Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. International Journal of Economics and Financial Issues 1 4 172–179.
IEEE
[1]F. Shaheen, A. Haider, and S. A. Javed, “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”, IJEFI, vol. 1, no. 4, pp. 172–179, Dec. 2011, [Online]. Available: https://izlik.org/JA77MZ62XE
ISNAD
Shaheen, Farzana - Haider, Azad - Javed, Sajid Amin. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues 1/4 (December 1, 2011): 172-179. https://izlik.org/JA77MZ62XE.
JAMA
1.Shaheen F, Haider A, Javed SA. Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. IJEFI. 2011;1:172–179.
MLA
Shaheen, Farzana, et al. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues, vol. 1, no. 4, Dec. 2011, pp. 172-9, https://izlik.org/JA77MZ62XE.
Vancouver
1.Farzana Shaheen, Azad Haider, Sajid Amin Javed. Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. IJEFI [Internet]. 2011 Dec. 1;1(4):172-9. Available from: https://izlik.org/JA77MZ62XE