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Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach

Yıl 2011, Cilt: 1 Sayı: 4, 172 - 179, 01.12.2011

Farzana Shaheen Azad Haider Sajid Amin Javed

Öz

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.

Anahtar Kelimeler

Pakistan Unemployment Inflation NAIRU Phillips Curve

Yıl 2011, Cilt: 1 Sayı: 4, 172 - 179, 01.12.2011

Farzana Shaheen Azad Haider Sajid Amin Javed

Öz

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Ayrıntılar

Diğer ID JA78ED55UA
Bölüm Araştırma Makalesi
Yazarlar

Farzana Shaheen Bu kişi benim

Azad Haider Bu kişi benim

Sajid Amin Javed Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2011
Yayımlandığı Sayı Yıl 2011 Cilt: 1 Sayı: 4

Kaynak Göster

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.
AMA Shaheen F, Haider A, Javed SA. Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. IJEFI. Aralık 2011;1(4):172-179.
Chicago Shaheen, Farzana, Azad Haider, ve Sajid Amin Javed. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues 1, sy. 4 (Aralık 2011): 172-79.
EndNote Shaheen F, Haider A, Javed SA (01 Aralık 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 F. Shaheen, A. Haider, ve S. A. Javed, “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”, IJEFI, c. 1, sy. 4, ss. 172–179, 2011.
ISNAD Shaheen, Farzana vd. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues 1/4 (Aralık 2011), 172-179.
JAMA 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 vd. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues, c. 1, sy. 4, 2011, ss. 172-9.
Vancouver 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):172-9.