Welcome to the InfoSci Platform
Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis

Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis

Mustafa Karabacak, Oytun Meçik
Copyright: © 2017 |Pages: 14
ISBN13: 9781522520085|ISBN10: 1522520082|EISBN13: 9781522520092
DOI: 10.4018/978-1-5225-2008-5.ch017
Cite Chapter Cite Chapter

MLA

Karabacak, Mustafa, and Oytun Meçik. "Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis." Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization, edited by Füsun Yenilmez and Esin Kılıç, IGI Global, 2017, pp. 307-320. https://doi.org/10.4018/978-1-5225-2008-5.ch017

APA

Karabacak, M. & Meçik, O. (2017). Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis. In F. Yenilmez & E. Kılıç (Eds.), Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization (pp. 307-320). IGI Global. https://doi.org/10.4018/978-1-5225-2008-5.ch017

Chicago

Karabacak, Mustafa, and Oytun Meçik. "Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis." In Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization, edited by Füsun Yenilmez and Esin Kılıç, 307-320. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-2008-5.ch017

Export Reference

Mendeley
Favorite

Abstract

The relationship among inflation, unemployment, and economic growth can be treated as a trade-off in general. When the economy is in recession, inflationary pressures are expected to decrease while unemployment is increasing. On the contrary, a decrease is expected while inflationary pressures are rising. Thus the relation between these twin macroeconomic variables and their relation to economic growth are a focal point for developing countries. The aim of this study is analyzing the relationship among unemployment, inflation, and economic growth in Turkey by alternative methods. Thus the causality among these variables is tested with modified Wald statistic developed by Toda-Yamamoto. Findings obtained from causality test will provide policy recommendations for Turkish economy on a macroeconomic level.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.