Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi

Yazarlar: Mehmet MUCUK, Ayşen EDİRNELİGİL, Mustafa GERÇEKER

Konular:-

Anahtar Kelimeler:Unemployment,Economic Growth,Turkish Economy

Özet: 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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