September 10, 2025Economic Sciences.Open Access

Relationship Between Select Labour Market Variables and Economic Growth: An Investigation for Some South and Southeast Asian Nations

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Investigation reveals strong links between labour metrics and real GDP growth in South Asia, suggesting the need for better economic policies.

Real GDP growth is significantly influenced by mean weekly hours worked in some South Asian and Southeast Asian countries.
The regression analysis shows a high correlation coefficient (R = 0.947) and a coefficient of determination (R² = 0.897), indicating strong model fit.
Findings suggest that informal sector employment does not show a statistically significant relationship with economic growth under current data limitations.
Integrating labour metrics into economic policy is crucial for enhancing market efficiency and fostering sustainable growth.

Hema Bisht Rajlakshmi Datta (2025) studied this question.

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Investigation reveals strong links between labour metrics and real GDP growth in South Asia, suggesting the need for better economic policies.