Aiti Maya Bomjan

Macro Economics Analysis of Relationship between Unemployment and GDP Growth of Bhutan: Application of Okun’s Law

Sangay Phuntsho Waiba & Aiti Maya Bomjan · South Asian Journal of Social Studies and Economics · 2023

This paper examines the relationship between unemployment and the GDP growth rate in Bhutan, focusing on the applicability of Okun's laws from 1991 to 2022. The findings reveal significant short-term and long-term impacts of unemployment on Bhutan's GDP. Both the short run and lo...