The Evaluation of Türkiye’s Labour Market Regulations Together with Its Macroeconomic Performance with a Comparison of Some Selected Countries’ Performances

Year 2024, Volume: 15 Issue: 3, 809 - 829, 08.10.2024

Ayça Sarıalioğlu Hayali , Djallel Aımar , Mohammad Mansoor Lodın

Abstract

The relationship between labor market regulations and macroeconomic performance is a complex issue in the economics literature. The study evaluates it for Türkiye from 1980–2021 using the original Macroeconomic Performance Index (MPI) and the Labor Market Regulations Index (LMRI). The MPI, measured by the Magic Hypercube (MH) method, incorporates economic growth, current account, inflation, and unemployment. LMRI is a composite index reflecting labor market regulations’ flexibility or rigidity based on seven dimensions such as minimum wage, hiring and firing regulations, flexible wage determination, hour regulations, costs of worker dismissal, conscription, and foreign labor. Overall, it can be said that during 1980–2021, the macroeconomic performance of Türkiye is mostly unrelated to the labor market regulations; namely, it seems that the MPI of Türkiye does not depend on LMRI at all. At least, it can be said that there seem to be no findings confirming the neoclassical view’s expectations; rather, the opposite one seems valid. When a comparison of some selected countries’ performances of MPI and LMRI for the period of 1990-2021 is done similar interpretations were reached at.

Keywords

Labor Market Regulations, Macroeconomic Performance, Magic Hypercube, Türkiye

Project Number

BULUNMAMAKTADIR.

Bazı Seçilmiş Ülkelerin Performanslarıyla Karşılaştırmalı olarak Türkiye’nin İşgücü Piyasası Düzenlemelerinin Makroekonomik Performansıyla Birlikte Değerlendirilmesi

Abstract

İşgücü piyasası düzenlemeleri ve makroekonomik performans arasındaki ilişki, ekonomi literatüründe karmaşık ve tartışmalı bir konudur. Bu çalışma, orijinal Makroekonomik Performans Endeksi (MPE) ve İşgücü Piyasası Düzenlemeleri Endeksi (İPDE) kullanılarak Türkiye için 1980-2021 yıllarını değerlendirmektedir. Magic Hypercube (MH) yöntemi ile ölçülen MPE, ekonomik büyümeyi, cari hesabı, enflasyonu ve işsizliği içerir. İPDE, asgari ücret, işe alım ve işten çıkarma düzenlemeleri, esnek ücret belirleme, saat düzenlemeleri, işçi çıkarma maliyetleri, zorunlu hizmet ve yabancı işgücü gibi yedi boyuta dayalı olarak işgücü piyasası düzenlemelerinin esnekliğini veya katılığını yansıtan bir bileşik endekstir. Genel olarak, denilebilir ki 1980-2021 yılları arasında, Türkiye’nin makroekonomik performansı işgücü piyasası düzenlemeleri ile ilgisizdir; yani, Türkiye’nin MPE’sinin İPDE’ye çok da bağlı olmadığı görülmektedir. En azından, neoklasik görüşün beklentilerini doğrulayan hiçbir bulgu olmadığı söylenebilir; aksine, tam tersi geçerli gibi görünmektedir. Bazı seçilmiş ülkelerin MPE ve İPDE performanslarının 1990-2021 dönemi için kıyaslaması yapıldığında benzer çıkarımlara varılmıştır.

Keywords

İşgücü Piyasası Düzenlemeleri, Makroekonomik Performans, Magic Hypercube, Türkiye

Ethical Statement

GEREKMEMEKTEDİR.

Supporting Institution

BULUNMAMAKTADIR.

Project Number

BULUNMAMAKTADIR.

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