The relationship between economic growth, unemployment and poverty
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Shkumbin Misini 
, Bashkim Mustafa
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
The independent variable in this paper will be nominal GDP in the context of economic growth, while the dependent variables in this study and analysis are unemployment and poverty. The paper provides secondary data from 2004–2019. Based on the results of Chuttoo (2020), the economic growth of 4% has an unemployment rate of 1%. Empirical findings of the study by Shah, Shabbir, and Parveen (2022) show that economic growth has led to the reduction of unemployment. The methodology of the work will take care of two econometric models: in Model 1 the economic growth within the GDP will be analyzed in relation to unemployment, and in Model 2 the nominal GDP growth in relation to poverty will be analyzed. In the paper, we will have graph analysis, descriptive statistics, correlations, as well as linear regressions. The empirical findings of the study have shown that the economic growth within the nominal GDP has a negative relationship to unemployment and poverty in Kosovo, but the effect of this growth has not affected the reduction of the rate of unemployment and poverty in Kosovo.
Keywords: Economic Theory, Governance, Economic Growth, Poverty, Unemployment
Authors’ individual contribution: Conceptualization — S.M. and B.M.; Methodology — S.M. and B.M.; Formal Analysis — S.M.; Investigation — S.M. and B.M.; Data Curation — S.M. and B.M.; Writing — Original Draft — S.M. and B.M.; Writing — Review & Editing — S.M. and B.M.
Declaration of conflicting interests: The Authors declare that there is no conflict of interest.
JEL Classification: C13, G30, E20, J64, I32
Received: 10.05.2022
Accepted: 23.09.2022
Published online: 27.09.2022
How to cite this paper: Misini, S., & Mustafa, B. (2022). The relationship between economic growth, unemployment and poverty. Corporate Governance and Organizational Behavior Review, 6(4), 57–63. https://doi.org/10.22495/cgobrv6i4p5
