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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: © 2020 |Pages: 14
ISBN13: 9781799824480|ISBN10: 1799824489|EISBN13: 9781799824497
DOI: 10.4018/978-1-7998-2448-0.ch078
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MLA

Karabacak, Mustafa, and Oytun Meçik. "Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis." Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2020, pp. 1758-1771. https://doi.org/10.4018/978-1-7998-2448-0.ch078

APA

Karabacak, M. & Meçik, O. (2020). Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis. In I. Management Association (Ed.), Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications (pp. 1758-1771). IGI Global. https://doi.org/10.4018/978-1-7998-2448-0.ch078

Chicago

Karabacak, Mustafa, and Oytun Meçik. "Major Macroeconomic Dynamics for Labor Market in Turkey: A Causality Analysis." In Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 1758-1771. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2448-0.ch078

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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.

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