Economic Freedom and Unemployment in Emerging Market Economies

Yilmaz Bayar ()
Additional contact information
Yilmaz Bayar: Usak University, Turkey

Review of Applied Socio-Economic Research, 2016, vol. 11, issue 1, 5-12

Abstract: Economic freedom has also increased in parallel with the accelerating globalization process as of mid-1980. This study investigates the relationship among unemployment, economic freedom and gross capital formation in 20 emerging market economies during 1995-2014 period using Westerlund-Durbin-Hausman (2008) cointegration test and Dumitrescu and Hurlin (2012) causality test. We found that economic freedom had no statistically significant impact on unemployment, but gross capital formation had negative impact on unemployment in the long run. Furthermore, we found a bidirectional causality between unemployment and economic freedom.

Keywords: economic freedom; gross capital formation; unemployment; emerging market economies; panel data analysis (search for similar items in EconPapers)
JEL-codes: C33 E24 J68 O30 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://reaser.eu/RePec/rse/wpaper/REASER11_2Bayar_p5-12.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rse:wpaper:v:11:y:2016:i:1:p:5-12

Access Statistics for this article

Review of Applied Socio-Economic Research is currently edited by Ruxandra Vasilescu

More articles in Review of Applied Socio-Economic Research from Pro Global Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Manuela Epure ().