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The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey
Abstract
This paper investigates the relationship between unemployment rate and economic growth rate over the period 2002-2014 for Turkey. In this context, Johansen cointegration test and vector error correction model is applied to determine this relationship. Empirical findings show that the variables are not cointegrated so; there is no causal link between the two variables. This result does not support the Okun Law. However, in the short run growth shock have a negative impact on unemployment rate. On the other hand, shocks in unemployment have positive impact on the growth. The findings of this study have important policy implications.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
January 1, 2017
Submission Date
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Acceptance Date
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Published in Issue
Year 2017 Volume: 5 Number: 1
APA
Mucuk, M., Edirneligil, A., & Gerçeker, M. (2017). The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey. Siyaset, Ekonomi Ve Yönetim Araştırmaları Dergisi, 5(1), 1-8. https://izlik.org/JA28JL25XG
AMA
1.Mucuk M, Edirneligil A, Gerçeker M. The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi. 2017;5(1):1-8. https://izlik.org/JA28JL25XG
Chicago
Mucuk, Mehmet, Ayşen Edirneligil, and Mustafa Gerçeker. 2017. “The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey”. Siyaset, Ekonomi Ve Yönetim Araştırmaları Dergisi 5 (1): 1-8. https://izlik.org/JA28JL25XG.
EndNote
Mucuk M, Edirneligil A, Gerçeker M (January 1, 2017) The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi 5 1 1–8.
IEEE
[1]M. Mucuk, A. Edirneligil, and M. Gerçeker, “The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey”, Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi, vol. 5, no. 1, pp. 1–8, Jan. 2017, [Online]. Available: https://izlik.org/JA28JL25XG
ISNAD
Mucuk, Mehmet - Edirneligil, Ayşen - Gerçeker, Mustafa. “The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey”. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi 5/1 (January 1, 2017): 1-8. https://izlik.org/JA28JL25XG.
JAMA
1.Mucuk M, Edirneligil A, Gerçeker M. The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi. 2017;5:1–8.
MLA
Mucuk, Mehmet, et al. “The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey”. Siyaset, Ekonomi Ve Yönetim Araştırmaları Dergisi, vol. 5, no. 1, Jan. 2017, pp. 1-8, https://izlik.org/JA28JL25XG.
Vancouver
1.Mehmet Mucuk, Ayşen Edirneligil, Mustafa Gerçeker. The Relationship Between Unemployment Rate and Economic Growth: The Case of Turkey. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi [Internet]. 2017 Jan. 1;5(1):1-8. Available from: https://izlik.org/JA28JL25XG