Welcome to the InfoSci Platform
The Effects of Labor Markets and Trade Openness on Economic Growth: A Panel Data Analysis for G-20 C

The Effects of Labor Markets and Trade Openness on Economic Growth: A Panel Data Analysis for G-20 C

Nurevşan Kuçlu, Füsun Yenilmez
Copyright: © 2024 |Pages: 25
ISBN13: 9798369336694|ISBN13 Softcover: 9798369347652|EISBN13: 9798369336700
DOI: 10.4018/979-8-3693-3669-4.ch003
Cite Chapter Cite Chapter

MLA

Kuçlu, Nurevşan, and Füsun Yenilmez. "The Effects of Labor Markets and Trade Openness on Economic Growth: A Panel Data Analysis for G-20 C." Reskilling the Workforce in the Labor Market: The Country Cases, edited by Oytun Meçik, IGI Global, 2024, pp. 56-80. https://doi.org/10.4018/979-8-3693-3669-4.ch003

APA

Kuçlu, N. & Yenilmez, F. (2024). The Effects of Labor Markets and Trade Openness on Economic Growth: A Panel Data Analysis for G-20 C. In O. Meçik (Ed.), Reskilling the Workforce in the Labor Market: The Country Cases (pp. 56-80). IGI Global. https://doi.org/10.4018/979-8-3693-3669-4.ch003

Chicago

Kuçlu, Nurevşan, and Füsun Yenilmez. "The Effects of Labor Markets and Trade Openness on Economic Growth: A Panel Data Analysis for G-20 C." In Reskilling the Workforce in the Labor Market: The Country Cases, edited by Oytun Meçik, 56-80. Hershey, PA: IGI Global, 2024. https://doi.org/10.4018/979-8-3693-3669-4.ch003

Export Reference

Mendeley
Favorite

Abstract

Labor market, trade openness and economic growth rates constitute an important part of the macroeconomic indicators of countries. In order to evaluate the macroeconomic performances of countries, relevant data must be analyzed in detail. The study examines the impact of G-20 countries' labor market and trade openness on economic growth. The aim of the study is to analyze the long-term relationship between the labor market of G-20 countries and the determinants affecting economic growth and the direction of this relationship with annual data for the years 2002-2022. Panel data analysis was chosen as the econometric method. According to the results of the econometric analysis method; It has been determined that a 1% increase in the total workforce leads to a 0.42% increase in trade openness. It was concluded that the effect of the GDP per capita variable on trade openness is “positive and statistically significant”. A 1% increase in the total workforce results in a 0.13% increase in GDP per capita.

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.