The Validity of Okun's Law: Evidence from Turkey
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Dosyalar
Tarih
2019
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Maliye Bakanligi
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Evidence obtained from analyzing the relationship between unemployment and economic growth is an important data source for generating economic policies. The purpose of this study is to investigate the validity of Okun's law, which emphasize the relationship between unemployment and economic growth, for Turkish economy. In order to examine the relationship in question, the data of the 1923-2015 period is used and multiple-structural breaks tests and partial regression analysis is performed. The findings obtained from the analysis stated that Okun's Law is valid in Turkey after 1990s.
Açıklama
Anahtar Kelimeler
Okun's Law, Multiple-Structural Breaks, Partial Regression, Turkish Economy, Unemployment Dynamics, Output
Kaynak
Maliye Dergisi
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
Sayı
177
