gusbid Gümüşhane University Journal of Social Sciences 1309-7423 1309-7423 Gümüşhane Üniversitesi Macroeconomics (Other) International Economics (Other) Makro İktisat (Diğer) Uluslararası İktisat (Diğer) The Evaluation of Türkiye’s Labour Market Regulations Together with Its Macroeconomic Performance with a Comparison of Some Selected Countries’ Performances Bazı Seçilmiş Ülkelerin Performanslarıyla Karşılaştırmalı olarak Türkiye’nin İşgücü Piyasası Düzenlemelerinin Makroekonomik Performansıyla Birlikte Değerlendirilmesi https://orcid.org/0000-0002-6613-7531 Sarıalioğlu Hayali Ayça Karadeniz Technical University https://orcid.org/0000-0001-5870-2687 Aımar Djallel KARADENIZ TECHNICAL UNIVERSITY https://orcid.org/0000-0002-3251-6357 Lodın Mohammad Mansoor KARADENIZ TECHNICAL UNIVERSITY 10 08 2024 15 3 809 829 02 15 2024 08 27 2024 Copyright © 2010, Gümüşhane Üniversitesi Sosyal Bilimler Dergisi 2010 Gümüşhane Üniversitesi Sosyal Bilimler Dergisi

The relationship between labor market regulations and macroeconomic performance is a complex issue in the economics literature. The study evaluates it for Türkiye from 1980–2021 using the original Macroeconomic Performance Index (MPI) and the Labor Market Regulations Index (LMRI). The MPI, measured by the Magic Hypercube (MH) method, incorporates economic growth, current account, inflation, and unemployment. LMRI is a composite index reflecting labor market regulations’ flexibility or rigidity based on seven dimensions such as minimum wage, hiring and firing regulations, flexible wage determination, hour regulations, costs of worker dismissal, conscription, and foreign labor. Overall, it can be said that during 1980–2021, the macroeconomic performance of Türkiye is mostly unrelated to the labor market regulations; namely, it seems that the MPI of Türkiye does not depend on LMRI at all. At least, it can be said that there seem to be no findings confirming the neoclassical view’s expectations; rather, the opposite one seems valid. When a comparison of some selected countries’ performances of MPI and LMRI for the period of 1990-2021 is done similar interpretations were reached at.

İşgücü piyasası düzenlemeleri ve makroekonomik performans arasındaki ilişki, ekonomi literatüründe karmaşık ve tartışmalı bir konudur. Bu çalışma, orijinal Makroekonomik Performans Endeksi (MPE) ve İşgücü Piyasası Düzenlemeleri Endeksi (İPDE) kullanılarak Türkiye için 1980-2021 yıllarını değerlendirmektedir. Magic Hypercube (MH) yöntemi ile ölçülen MPE, ekonomik büyümeyi, cari hesabı, enflasyonu ve işsizliği içerir. İPDE, asgari ücret, işe alım ve işten çıkarma düzenlemeleri, esnek ücret belirleme, saat düzenlemeleri, işçi çıkarma maliyetleri, zorunlu hizmet ve yabancı işgücü gibi yedi boyuta dayalı olarak işgücü piyasası düzenlemelerinin esnekliğini veya katılığını yansıtan bir bileşik endekstir. Genel olarak, denilebilir ki 1980-2021 yılları arasında, Türkiye’nin makroekonomik performansı işgücü piyasası düzenlemeleri ile ilgisizdir; yani, Türkiye’nin MPE’sinin İPDE’ye çok da bağlı olmadığı görülmektedir. En azından, neoklasik görüşün beklentilerini doğrulayan hiçbir bulgu olmadığı söylenebilir; aksine, tam tersi geçerli gibi görünmektedir. Bazı seçilmiş ülkelerin MPE ve İPDE performanslarının 1990-2021 dönemi için kıyaslaması yapıldığında benzer çıkarımlara varılmıştır.

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