Research Article

How Okun's Law Works in Fragile Five Countries: Panel Data Analysis

Volume: 9 Number: 2 October 4, 2023
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How Okun's Law Works in Fragile Five Countries: Panel Data Analysis

Abstract

Today, as in many countries, Economic growth and unemployment are important macroeconomic issues in developing countries that should be examined. This study aims to test the validity of the negative effect of unemployment on growth for the Fragile Five countries under the Okun Law. For this purpose, unemployment rate and growth rate data for the period 1991-2019 were used in the study. Panel ARDL analysis method was used in the study, which allows long and short-term results to be obtained and separate findings for each country. According to the findings obtained; For the Fragile Five country group, there was a negative and statistically significant relationship between growth and unemployment rate in the long-term results, while a positive significant relationship was found in the short-term results. Thus, when the general findings of the study were evaluated, it was seen that the assumptions of the Okun Law were valid

Keywords

References

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Details

Primary Language

English

Subjects

Macroeconomic Theory

Journal Section

Research Article

Early Pub Date

September 13, 2023

Publication Date

October 4, 2023

Submission Date

August 5, 2023

Acceptance Date

August 31, 2023

Published in Issue

Year 2023 Volume: 9 Number: 2

APA
Tekgün, B., & Eroğlu, İ. (2023). How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis. Uluslararası Ekonomi Ve Yenilik Dergisi, 9(2), 273-288. https://doi.org/10.20979/ueyd.1338162
AMA
1.Tekgün B, Eroğlu İ. How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis. UEYD. 2023;9(2):273-288. doi:10.20979/ueyd.1338162
Chicago
Tekgün, Berrak, and İlhan Eroğlu. 2023. “How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis”. Uluslararası Ekonomi Ve Yenilik Dergisi 9 (2): 273-88. https://doi.org/10.20979/ueyd.1338162.
EndNote
Tekgün B, Eroğlu İ (October 1, 2023) How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis. Uluslararası Ekonomi ve Yenilik Dergisi 9 2 273–288.
IEEE
[1]B. Tekgün and İ. Eroğlu, “How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis”, UEYD, vol. 9, no. 2, pp. 273–288, Oct. 2023, doi: 10.20979/ueyd.1338162.
ISNAD
Tekgün, Berrak - Eroğlu, İlhan. “How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis”. Uluslararası Ekonomi ve Yenilik Dergisi 9/2 (October 1, 2023): 273-288. https://doi.org/10.20979/ueyd.1338162.
JAMA
1.Tekgün B, Eroğlu İ. How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis. UEYD. 2023;9:273–288.
MLA
Tekgün, Berrak, and İlhan Eroğlu. “How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis”. Uluslararası Ekonomi Ve Yenilik Dergisi, vol. 9, no. 2, Oct. 2023, pp. 273-88, doi:10.20979/ueyd.1338162.
Vancouver
1.Berrak Tekgün, İlhan Eroğlu. How Okun’s Law Works in Fragile Five Countries: Panel Data Analysis. UEYD. 2023 Oct. 1;9(2):273-88. doi:10.20979/ueyd.1338162

Cited By

International Journal of Economics and Innovation

Karadeniz Technical University, Department of Economics, 61080, Trabzon/Türkiye

https://dergipark.org.tr/en/pub/ueyd


33974

 This work is licensed under a Creative Commons Attribution 4.0 International License.