Araştırma Makalesi

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

Cilt: 9 Sayı: 2 4 Ekim 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

Kaynakça

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  3. Bartosik, K. (2020). Temporary Contracts And Okun’s Law in Poland. Equilibrium. Quarterly Journal of Economics and Economic Policy. 15(4), 735–760, Doi: https://doi.org/10.24136/eq.2020.032
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Ayrıntılar

Birincil Dil

İngilizce

Konular

Makroekonomik Teori

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

13 Eylül 2023

Yayımlanma Tarihi

4 Ekim 2023

Gönderilme Tarihi

5 Ağustos 2023

Kabul Tarihi

31 Ağustos 2023

Yayımlandığı Sayı

Yıl 2023 Cilt: 9 Sayı: 2

Kaynak Göster

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

Cited By

Uluslararası Ekonomi ve Yenilik Dergisi

Karadeniz Teknik Üniversitesi, İİBF, İktisat Bölümü, 61080, Trabzon/Türkiye

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

33974

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