AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT: CASE OF SELECTED DEVELOPING COUNTRIES

Year 2021, Volume: 12 Issue: 24, 975 - 999, 21.12.2021

H. Nehrin Tunalı Sarı

https://doi.org/10.36543/kauiibfd.2021.040

Cited By: 1

Abstract

Bu çalışmanın temel amacı, ekonomik büyüme ve işsizlik arasında uzun dönemli bir ilişki olup olmadığının incelenmesidir. Çalışmada ekonomik açıdan gelişmekte olan ülke statüsünde yer alan Macaristan, Meksika, Polonya, Şili ve Türkiye’nin 2005:Q1-2019:Q1 dönemine ait işsizlik oranı ve Reel Gayri Safi Yurtiçi Hâsıla (RGSYH) makroekonomik göstergelerine ait çeyrek veriler kullanılmıştır. Bu iki değişken arasındaki ilişkinin varlığı panel veri analizi yöntemlerinden faydalanılarak test edilmektedir. İnceleme kapsamında yer alan ülkelere ait veriler kullanılarak yapılan analizlerden elde edilen bulgulara göre, söz konusu dönemde bu ülkelerde işsizlik ve büyüme arasında uzun dönemli bir ilişkinin mevcut olmadığı saptanmıştır.

Keywords

İktisadi Büyüme, İşsizlik, Panel Veri Analizi, Okun Yasası

AN EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT: CASE OF SELECTED DEVELOPING COUNTRIES

Abstract

The main purpose of this study is to examine whether there is a long-term relationship between the economic growth and unemployment. The unemployment rate belonging to 2005:Q1 - 2019:Q1 period of Hungary, Mexico, Poland, Chile and Turkey taking place in economically developing country status and quarterly data belonging to Real Gross Domestic Product (RGDP) macroeconomic indicators have been used in the study. The existence of the relationship between these two variables is tested by benefiting from the panel data analysis methods. It has been determined that there was no long-term relationship between the unemployment and growth in these countries during the said period according to the findings obtained from the analysis made by using the data of the countries taking place within the scope of the study.

Keywords

Economic Growth, Unemployment, Panel Data Analysis, Okun’s Law

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