Publication Details
Issue: Vol 9, No 4 (2026)
Pages: 993-999
ISSN: 2576-5973
Abstract
This article studies the long-run equilibrium between output and employment in the Kashkadarya region using cointegration analysis methods. The study uses extended Dickey–Fuller (ADF) unit root tests, Engle–Granger and Johansen cointegration tests, a long-run equilibrium equation, and an error correction model (ECM) based on annual data for the period 2000–2024. It is proven that there is a statistically significant cointegration relationship between output and employment and that short-term deviations are quickly corrected.
Keywords
Cointegration
Long-Run Equilibrium
Production
Employment
Engle–Granger Test
Johansen Test
Error Correction Model
Unit Root