COVID-19 and the Okun’s law: the case of Ghana1
The Covid 19 pandemic was a strong shock that plummeted into the entire interconnected economic activities of the world. As a result of the lockdown associated with the pandemic, the economies of the world were affected through restrictions like lockdown leading to the reduction of economic indicato...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2025-12-01
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| Series: | Cogent Economics & Finance |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2025.2460074 |
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| author | Amaama Abdul Malik Asad Ul Islam Khan |
| author_facet | Amaama Abdul Malik Asad Ul Islam Khan |
| author_sort | Amaama Abdul Malik |
| collection | DOAJ |
| description | The Covid 19 pandemic was a strong shock that plummeted into the entire interconnected economic activities of the world. As a result of the lockdown associated with the pandemic, the economies of the world were affected through restrictions like lockdown leading to the reduction of economic indicators like Gross Domestic Product (GDP) and increase in Unemployment. This paper set out to look at the relationship between the GDP and unemployment in Ghana in the periods prior and during the covid pandemic. The Autoregressive Distributed Lag (ARDL) model was used on data from 1991 to 2021. The result shows the nonexistence of the Okun’s law in Ghana in each of these periods. We conclude by advising policy makers to implement policies that directly generate more jobs like improvement in the agriculture sector through training and financial support to enable increased employment to match the increase in economic growth. |
| format | Article |
| id | doaj-art-73e8c70a6f234bf0b40934ce05500505 |
| institution | Kabale University |
| issn | 2332-2039 |
| language | English |
| publishDate | 2025-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj-art-73e8c70a6f234bf0b40934ce055005052025-02-07T06:44:41ZengTaylor & Francis GroupCogent Economics & Finance2332-20392025-12-0113110.1080/23322039.2025.2460074COVID-19 and the Okun’s law: the case of Ghana1Amaama Abdul MalikAsad Ul Islam Khan0Economics Department, Ibn Haldun University, Istanbul, TurkeyThe Covid 19 pandemic was a strong shock that plummeted into the entire interconnected economic activities of the world. As a result of the lockdown associated with the pandemic, the economies of the world were affected through restrictions like lockdown leading to the reduction of economic indicators like Gross Domestic Product (GDP) and increase in Unemployment. This paper set out to look at the relationship between the GDP and unemployment in Ghana in the periods prior and during the covid pandemic. The Autoregressive Distributed Lag (ARDL) model was used on data from 1991 to 2021. The result shows the nonexistence of the Okun’s law in Ghana in each of these periods. We conclude by advising policy makers to implement policies that directly generate more jobs like improvement in the agriculture sector through training and financial support to enable increased employment to match the increase in economic growth.https://www.tandfonline.com/doi/10.1080/23322039.2025.2460074Autoregressive distributed lag (ARDL)Covid 19GhanaOkun’s lawEconomicsMacroeconomics |
| spellingShingle | Amaama Abdul Malik Asad Ul Islam Khan COVID-19 and the Okun’s law: the case of Ghana1 Cogent Economics & Finance Autoregressive distributed lag (ARDL) Covid 19 Ghana Okun’s law Economics Macroeconomics |
| title | COVID-19 and the Okun’s law: the case of Ghana1 |
| title_full | COVID-19 and the Okun’s law: the case of Ghana1 |
| title_fullStr | COVID-19 and the Okun’s law: the case of Ghana1 |
| title_full_unstemmed | COVID-19 and the Okun’s law: the case of Ghana1 |
| title_short | COVID-19 and the Okun’s law: the case of Ghana1 |
| title_sort | covid 19 and the okun s law the case of ghana1 |
| topic | Autoregressive distributed lag (ARDL) Covid 19 Ghana Okun’s law Economics Macroeconomics |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2025.2460074 |
| work_keys_str_mv | AT amaamaabdulmalik covid19andtheokunslawthecaseofghana1 AT asadulislamkhan covid19andtheokunslawthecaseofghana1 |