Analyzing Relationship Between Unemployment and Growth For Selected OECD Countries Through Panel Data

Year 2019, Volume: 26 Issue: 3, 727 - 744, 25.12.2019

Kubilay Çağrı Yılmaz , Ahmet Tayfur Akcan , Volkan Alptekin

https://doi.org/10.18657/yonveek.594142

Cited By: 1

Abstract

Being able to examine the research
question of this study, whether there is a correlation between unemployment and
growth for selected certain OECD member countries, panel data econometrics have
been practiced. In the light of empirical findings, while there is a
relationship from unemployment to growth, on the other hand, there is no link
from growth to unemployment has been reported. Although there is somehow a harmony
with other studies existing in the literature in this area, there has been
still some conflicts with the rest of them. In some of the reviews,  conversely ours, the link from growth to
unemployment has been explicitly reported. It is thought that the distinction
between this study and other conflicting ones might have arisen from the sample
or the method used. It was concluded that there would be no clear dynamics of
the relationship between unemployment and growth. Therefore, it was observed
that the selected sample and the method used were directly effective on the
results.

Key Words: 
Economic Growth,
Unemployment, Panel Data Econometrics Introduction

JEL
Classification: O10,
E24, C32

Keywords

Economic Growth, Unemployment, Panel Data

References

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