Economic Growth and Gender-Specific Unemployment: Comparison of Selected Oil Exporters and Eastern European Countries (1996 - 2021)
Year 2024,
Volume: 7 Issue: 3, 774 - 789, 06.01.2025
Aslı Yenipazarlı
,
Orhan Şanlı
,
Funda Çondur
,
Necmiye Cömertler
Abstract
In this study, the relationship between economic growth and gender-based unemployment in developing economies was analyzed for the period 1996-2021. Eastern European countries and oil exporting countries constitute the scope of the study. Gender-specific unemployment data consists of annual changes in male, female, and total unemployment. The real GDP growth rate has been included in the model as the dependent variable. In the study using the panel data method, the GDP gap model of Okun's Law was tested for oil-exporting Middle Eastern countries (Model 1) and Eastern European countries (Model 2). According to the PMG and FMOLS results of the First Model, the unemployment rates of women and men in oil-exporting Middle Eastern countries negatively affect economic growth. In other words, as unemployment increases, economic growth slows down and even turns negative. In the second model, the effect of unemployment by gender on growth in Eastern European countries is different from the first model. According to the PMG and FMOLS results, the female unemployment rate positively affects growth, while the direction of the impact of male unemployment rates on growth is negative for both country groups, as expected. There is a same-directional relationship between female unemployment and growth in Model 2 countries. This result shows the prevalence of unemployment benefits and suggests that labor laws in these countries can be effective in reducing the impact of unemployment.
Ethical Statement
This paper complies with Research and Publication Ethics, has no conflict of interest to declare, and has received no financial support. The article has been checked for spelling and plagiarism/similarity. The article was evaluated by "at least two external referees" and "double blinding" method. The author(s) sent a signed "Copyright Transfer Form" to the journal. There is no need to obtain ethical permission for the current study as per the legislation. The "Declaration Form Regarding No Ethics Permission Required" was sent to the journal by the authors on this subject.
Supporting Institution
No financial support was received for the conduct of the research.
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Ekonomik Büyüme ve Cinsiyete Dayalı İşsizlik: Seçilmiş Petrol İhracatçısı ve Doğu Avrupa Ülkelerinin Karşılaştırması (1996 - 2021)
Year 2024,
Volume: 7 Issue: 3, 774 - 789, 06.01.2025
Aslı Yenipazarlı
,
Orhan Şanlı
,
Funda Çondur
,
Necmiye Cömertler
Abstract
Bu çalışmada gelişmekte olan ekonomilerde ekonomik büyüme ile cinsiyete dayalı işsizlik arasındaki ilişki 1996-2021 dönemi için analiz edilmiştir. Çalışmanın kapsamını Doğu Avrupa ülkeleri ve petrol ihraç eden ülkeler oluşturmaktadır. Cinsiyete dayalı işsizlik verileri erkek, kadın ve toplam işsizlikteki yıllık değişimlerden oluşmaktadır. Bağımlı değişken olarak reel GSYİH büyüme oranı modele dâhil edimiştir. Panel veri yönteminin kullanıldığı çalışmada Okun Yasası’nın GSYH açığı modeli, petrol ihraç eden Orta Doğu ülkeleri (Model 1) ve Doğu Avrupa ülkeleri (Model 2) için test edilmiştir. Birinci Modelin PMG ve FMOLS sonuçlarına göre, petrol ihraç eden Orta Doğu ülkelerinde kadın ve erkek işsizlik oranları ekonomik büyümeyi olumsuz olarak etkilemektedir. Yani işsizlik arttıkça ekonomik büyüme yavaşlamakta, hatta negatife dönmektedir. İkinci Model olan Doğu Avrupa ülkelerinde cinsiyete göre işsizliğin büyümeye etkisi Birinci Modelden farklıdır. PMG ve FMOLS sonuçlarına göre kadın işsizlik oranı büyümeyi olumlu etkilemekte, erkek işsizlik oranlarının büyüme üzerindeki etkisinin yönü beklendiği gibi her iki ülke grubu için de negatiftir. Model 2 ülkelerinde kadın işsizliği ile büyüme arasında aynı yönlü bir ilişki bulunmaktadır. Bu sonuç, işsizlik yardımlarının yaygınlığını ve bu ülkelerdeki iş yasalarının işsizliğin etkisini azaltmada etkili olabileceğini göstermektedir.
Ethical Statement
Bu makale Araştırma ve Yayın Etiğine uygundur. Beyan edilecek herhangi bir çıkar çatışması yoktur. Araştırmanın ortaya konulmasında herhangi bir mali destek alınmamıştır. Makale yazım ve intihal/benzerlik açısından kontrol edilmiştir. Makale, “en az iki dış hakem” ve “çift taraflı körleme” yöntemi ile değerlendirilmiştir. Yazar(lar), dergiye imzalı “Telif Devir Formu” belgesi göndermişlerdir. Mevcut çalışma için mevzuat gereği etik izni alınmaya ihtiyaç yoktur. Bu konuda yazarlar tarafından dergiye “Etik İznine Gerek Olmadığına Dair Beyan Formu” gönderilmiştir.
Supporting Institution
Araştırmanın ortaya konulmasında herhangi bir mali destek alınmamıştır.
References
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- AHMED, Zahoor, BIZ, Zhang and CARY, Michael (2021), “Linking Economic Globalization, Economic Growth, Financial Development, and Ecological Footprint: Evidence from Symmetric and Asymmetric ARDL”, Ecological Indicators, S.121, ss.(107060).
- ARELLANO, Manuel (2003), Panel Data Econometrics, Oxford University Press, Oxford.
- BAHMANI-OSKOOEE, Mohsen and CHI WING NG, Raymond (2002), “Long-Run Demand for Money in Hong Kong: An Application of the ARDL Model”, International Journal of Business and Economics, S.1(2), ss.147-155.
- BELAIRE-FRANCH, Jorge and PEIRÓ, Amado (2015), “Asymmetry in the Relationship Between Unemployment and the Business Cycle”, Empirical Economics, S.48(2), ss.683-697.
- BISPING, Timothy and PATRON, Hilde (2005), “Output Shocks and Unemployment: New Evidence on Regional Disparities”, International Journal of Applied Economics, S.2(1), ss.79-89.
- BOD’A, Martin and POWAZANOVA, Mariana (2015), “Gender Asymmetry in Okun’s Law in the Four PIGS Countries”, Procedia Economics and Finance, S.30, ss.111-123.
- BRINCIKOVA, Zuzana and DARMO, Lubomir (2015), “The Impact of Economic Growth on Gender Spesific Unemployment in the EU, Scientific Annals of the Alexandru Ion Cuza”, University of Iaşi Economic Sciences, S.62(3), ss.383-390.
- CAMPOS, Nauro and KINOSHITA, Yuko (2008), Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America, IMF Working Papers Press, Washington DC (US).
- CHRISTOPOULOS, Dimitris and TSIONAS, Efthymios (2004), “Financial Development and Economic Growth: Evidence from Panel Unit Root and Cointegration Tests”, Journal of Development Economics, S.73(1), ss.55-74.
- DEMETRIADES, Panicos and LAW, Siong Hook (2006), “Finance, Institutions and Economic Development”, International Journal of Finance and Economics, S.11(3), ss.245-260.
- DORNBUSCH, Rudiger, FICHER, Stanley and STARTZ, Richard (1998), Macroekonomics, McGraw-Hill Publisher, New York (US).
- DUMITRESCU, Elena-Ivona, HURLIN, Christophe (2012), “Testing for Granger Non-Causality in Heterogeneous Panels”, Economic Modelling, S.29, ss.1450–1460.
- ENGLE, Robert and GRANGER, Clive (1987), “Co-Integration and Error Correction: Representation, Estimation, and Testing”, Econometrica, S.55(2), ss.251-276.
- EWING, Bradley, LEVERNIER, William and MALIK, Farooq (2002), “The Differential Effects of Output Shocks on Unemployment Rates by Race and Gender”, Southern Economic Journal, S.68(3), ss.584-599.
- FERIDUN, Mete (2007), “Immigration, Income and Unemployment: An Application of the Bounds Testing Approach to Cointegration”, The Journal of Developing Areas, S.41(1), ss.37-49.
- GHATAK, Subrata and SIDDIKI, Jalal (2001), “The Use of the ARDL Approach in Estimating Virtual Exchange Rates in India”, Journal of Applied statistics, S.28(5), ss.573-583.
- GHAZOUANI, Tarek, BOUKHATEM, Jamel and SAM, Chung Yan (2020), “Causal Interactions Between Trade Openness, Renewable Electricity Consumption, and Economic Growth in Asia-Pacific Countries: Fresh Evidence from a Bootstrap ARDL Approach”, Renewable and Sustainable Energy Reviews, S.133, ss.(110094).
- GÖÇER, İsmet (2015), “Okun's Law: An Application on Turkey”, International Journal of Economic Research, S.1(1), ss.1-12.
- HAUSMAN, Jerry (1978), “Specification Tests in Econometrics”, Econometrica, S.46(6), ss.1251–1271.
- HUANG, Ho-Chuan and LIN, Shu-Cin (2008), “Smooth-Time-Varying Okun’s Coefficients”, Economic Modelling, S.25(2), ss.363-375.
- HUTENGS, Oliver and STEDTMANN, Georg (2014), Youth and Gender Spesific Unemployment and Okun’s Law in Scandinavian Countries, European University Viadrina Frankfurt Publisher, Frankfurt.
- JOHANSEN, Soren (1991), “Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models”, Econometrica, S.59(6), ss.1551-1580.
- JOHANSEN, Soren (1995), Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, Oxford University Press, Oxford.
- JOHANSEN, Soren and JUSELIUS, Katarine (1990), “Maximum Likelihood Estimation and Inference on Cointegration- with Applications to the Demand for Money”, Oxford Bulletin of Economics and Statistics, S.52(2), ss.169-210.
- KARIKARI-APAU, Ellen and ABETI, Willson (2019), The Impact of Unemployment on Economic Growth in China, MPRA Publisher, Munich.
- KLOMP, Jeroen and HAAN, Jakoob (2013), “Do Political Budget Cycles Really Exist?”, Applied Economics, S.45(3), ss.329–341.
- KUKAJ, Diellza (2018), “Impact of Unemployment on Economic Growth: Evidence from Western Balkans”, European Journal of Marketing and Economics, S.1(1), ss.10-18.
- LAURENCESON, James and CHAI, Joseph (2003), Financial Reform and Economic Development in China, Edward Elgar Publishing, London.
- LYNCH, Gerald and HYCLAK, Thomas (1984),“Cyclical and Noncyclical Unemployment Differences Among Demographic Groups”, Growth and Change, S.15(1), ss.9-17.
- MAKARINGE, Sibusiso and KHOBAI, Hlalefang (2018), The Effect of Unemployment on Economic Growth in South Africa (1994-2016), Uni-Muenchen Press, https://mpra.ub.uni-muenchen.de/85305/ (Access Date: 03.03.2024).
- MALLEY, Jim and MOLANA, Hassan (2008), “Output, Unemployment and Okun’s Law: Some Evidence from the G7”, Economic Letters, S.101(2), ss.113-115.
- MEHMOOD, Bilal, RAZA, Syed Hassan and MUREED, Shabana (2014), “Health Expenditure, Literacy and Economic Growth: PMG Evidence from Asian Countries”, Euro-Asian Journal of Economics and Finance, S.2(4), ss.408-417.
- MOOSA, Imad (2008), “Economic Growth and Unemployment in Arab Countries: Is Okun’s Law Valid”, Journal of Development and Economic Policies, S.10(2), ss.7-24.
- MORLEY, Bruce (2006), “Causality Between Economic Growth and Immigration: An ARDL Bounds Testing Approach”, Economics Letters, S.90(1), ss.72-76.
- NARAYAN, Paresh Kumar and SMYTH, Russel (2005), “Trade Liberalization and Economic Growth in Fiji: An Empirical Assessment Using the ARDL Approach”, Journal of the Asia Pacific Economy, S.10(1), ss.96–115.
- NARAYAN, Paresh Kumar and SMYTH, Russel (2006), “What Determines Migration Flows from Low-Income to High-IncomeCountries? An Empirical Investigation of Fiji-U.S. Migration 1972-2000”, Contemporary EconomicPolicy, S.24(2), ss.332-342.
- NKORO, Emeka and UKO, Aham Kelvin (2016), “Autoregressive Distributed Lag (ARDL) Cointegration Technique: Application and Interpretation”, Journal of Statistical and Econometric Methods, S.5(4), ss.63-91.
- NOOR, Zeleha Mohd, NOR, Norashidah Momahed and GHANI, Judhiana Abdul (2007), “The Relationship Between Output and Unemployment in Malaysia: Does Okun’s Law Exist?”, International Journal of Economics and Management, S.1(3), ss.337-344.
- ODHIAMBO, Nicholas (2009), “Energy Consumption and Economic Growth Nexus in Tanzania: An ARDL Bounds Testing Approach”, Energy Policy, S.37(2), ss.617-622.
- OECD (2024), “This Page Has Been Archived or Removed: See Below for More Information”, OECD Corporate Web Page (E-Document), www.oecd.org/about/secretary-general/theg20emergingcountriesglobalgovernanceanddevelopment.htm (Access Date: 23.01.2024).
- OKUN, Arthur (1962), Potential GNP: Its Measurement and Signifcance’, in the 1962 Proceedings of Business and Economic Statistics Section, American Statistical Association Publisher, Boston (US).
- PEHLIVANOĞLU, Ferhat and TANGA, Marvin (2016), “An Analysis on the Validity of Okun's Law: Case of Turkey and BRICS”, International Journal of Economic Research, S.2(3), ss.31-44.
- PEIRÓ, Amado, BELAIRE-FRANCH, Jorge and GONZALO, Maria Terese (2012), “Unemployment, Cycle and Gender”, Journal of Macroeconomics, S.34, ss.1167–1175.
- PESARAN, Haseran and PESARAN, Bahram (1997), Working with Microfit 4.0: Interactive Econometric Analysis: Windows Version, Oxford University Press, Oxford.
- PESARAN, Hashem and SMITH, Ron (1995), “Estimating Long-Run Relationships from Dynamic Heterogeneous Panels”, Journal of Econometrics, S.68(1), ss.79-113.
- PESARAN, Hashem, SHIN, Yongcheol and SMITH, Ron (1999), “Pooled Mean Group Estimation of Dynamic Heterogeneous Panels”, Journal of the American Statistical Association, S.94, ss.621–634.
- PESARAN, Hashem, SHIN, Yongcheol and SMITH, Richard (2001), “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometrics, S.16, ss.289–326.
- SAMARGANDI, Nahla, FIDRMUC, Jan and GHOSH, Sugata (2014), “Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle Income Countries”, SSRN Electronic Journal (E-Article), https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2434445 (Access Date: 23.01.2024).
- SARI, Ramazan, EWING, Bradley and SOYTAS, Ugur (2008), “The Relationship Between Disaggregate Energy Consumption and Industrial Production in the United States: An ARDL Approach”, Energy Economics, S.30(5), ss.2302-2313.
- SETH, Akutson, JOHN, Massiah Abaka and DALHATU, Araf Yakubu (2018), “The Impact of Unemployment on Economic Growth in Nigeria: An Application of Autoregressive Distributed Lag (ARDL) Bound Testing”, Sumerianz Journal of Business Management and Marketing, S.1(2), ss.37-46.
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