Macroeconomic Variables and Unemployment: The Case of Turkey

Taylan Taner Dogan
Additional contact information
Taylan Taner Dogan: Kirikkale University, Department of Economics, Kirikkale, Turkey

International Journal of Economics and Financial Issues, 2012, vol. 2, issue 1, 71-78

Abstract: This study investigates the response of unemployment to selective macroeconomics shocks for the period of 2000:Q1-2010:Q1. It finds that positive shocks to growth, growth in export and inflation reduce unemployment. On the other hand, shocks to exchange rate, interbank interest rate and money supply increase unemployment. The results are consistent with Phillips curve and Okun's Law suggestion. Namely, negative relationship between output and unemployment and positive relationship between unemployment and inflation are found. Also, this study finds consistent results with earlier literature.

Keywords: Macroeconomic variables; Vector Autoregressive Model; Impulse-response function (search for similar items in EconPapers)
JEL-codes: C22 E24 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/66/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/66/pdf (text/html)

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:eco:journ1:2012-01-8

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().