Year 2017,
Volume: 5 Issue: 1, 1 - 8, 01.01.2017
Abstract
Year 2017,
Volume: 5 Issue: 1, 1 - 8, 01.01.2017
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.
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Details
| Primary Language | English |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | January 1, 2017 |
| Published in Issue | Year 2017 Volume: 5 Issue: 1 |
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