The Analysis of Unemployment in Turkey: Some Empirical Evidence Using Co-integration Test
European Journal of Social Sciences, cilt.18, sa.1, ss.18-38, 2010 (Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 18 Sayı: 1
- Basım Tarihi: 2010
- Dergi Adı: European Journal of Social Sciences
- Derginin Tarandığı İndeksler: Scopus
- Sayfa Sayıları: ss.18-38
- Anahtar Kelimeler: Co-integration test, Consumer price index, Hysteresis Effect, Real effective exchange rate, Real GDP, Unemployment
- Galatasaray Üniversitesi Adresli: Hayır
Özet
Turkish economy saw a continuous positive GDP growth during 27 quarters from the first quarter of 2002 to the fourth quarter of 2008 at an average rate of 6.5 percent, but unemployment rate remained approximately unchanged at 10 percent. After the global financial crisis, GDP growth decreased giving rise to unemployment rate. This means that real GDP growth can not alone solve unemployment problem. In this study, we investigate the causes of unemployment in Turkey. For this purpose such macroeconomic variables as real GDP, previous level of unemployment, real effective exchange rate index and consumer price index which are analyzed using co-integration test. According to empirical results, while real GDP, consumer price index and previous level of unemployment affect unemployment on different levels; real effective exchange rate does not.