Processed Dataset of Economic Growth and Unemployment Rate in Indonesia
Description
This dataset contains processed economic indicators that explore the relationship between economic growth and unemployment in Indonesia. It has been meticulously prepared to support economic research and policy analysis, particularly in examining both short-term and long-term dynamics using econometric approaches such as Error Correction Models (ECM). The dataset includes key variables such as actual economic growth and unemployment rates, estimated potential values for economic growth and unemployment, gaps between actual and potential rates, period-to-period differentials for both economic growth and unemployment, and an error correction term (ECT) representing short-term deviations from long-term equilibrium. The raw data for this processed dataset originates from the World Bank.