Yıl: 2011 Cilt: 12 Sayı: 1 Sayfa Aralığı: 99 - 113 Metin Dili: Türkçe İndeks Tarihi: 29-07-2022

The long and short run effects between unemployment and economic growth in Europe

Öz:
Bu çalışmada, 1977-2008 yılları arasında Avrupa ülkelerinde işsizliktekihareketler ile işsizlik oranı ve iktisadi büyüme arasındaki kısa ve uzun dönemliilişkiler ülkeler bazında ve tüm panelde incelenmiştir. Durağan olmayan panellereilişkin çeşitli teknikler kullanılmış ve tüm Avrupa Ülkelerinde işsizlik histerisine aitbazı deliller bulunmuştur. Okun katsayısı da hesaplanmıştır. Sonuçlar, OkunKanununun ve işsizlikle büyüme arasındaki ilişkinin anlamlılığının ülkeden ülkeyefarlılıklar gösterdiğini göstermektedir.
Anahtar Kelime:

Konular: İşletme İktisat

Avrupa’da işsizlik ve iktisadi büyüme arasında uzun ve kısa dönemli etkiler

Öz:
In this paper, the movement of unemployment rate and the long andshort term relationships between unemployment rate and economic growth rate areexamined for individuals and pooled cases in European countries over the period1977-2008. Several panel techniques are used for non-stationary panels and therebysome evidence are found for unemployment hysteresis in all European Countries.The Okun’s coefficients are also estimated. The results show that the validity ofOkun’s Law and the significance of the relationship between economic growth rateand unemployment rate vary between countries.
Anahtar Kelime:

Konular: İşletme İktisat
Belge Türü: Makale Makale Türü: Derleme Erişim Türü: Erişime Açık
  • ADANU, K. (2005). A Cross-Province Comparison of Okun’s Coefficient for Canada. Applied Economics, 37, pp.561-570.
  • ATTFIELD, C.L.F., SILVERSTONE, B. (1997). Okun’s Coefficient: A Comment. The Review of Economics and Statistics, 79 (2), pp.326-329.
  • ATTFIELD, C.L.F., SILVERSTONE, B. (1998). Okun’s Law, Cointegration and Gap Variables. Journal of Macroeconomics, 20 (3), pp.625-637.
  • ARESTIS, P., MARISCAL, I.B. (2000). OECD Unemployment: Structural Breaks and Stationary. Applied Economics, 32, pp.399-403.
  • BARIŞIK, S., ÇEVİK, İ.E. (2008). Yapısal Kırılma Testleri İle Türkiye’de İşsizlik Histerisinin Analizi: 1923-2006 Dönemi. KMU İİBF Dergisi, 10 (14), pp.1-36.
  • BLANCHARD, O.J., SUMMERS, L.H. (1986). Hysteresis and European Unemployment Problem. In S. Fischer (ed) NBER Macroeconomics Annual. Cambridge: MIT Press.
  • CHOI, I. (2001). Unit Root Tests For Panel Data. Journal Of International Money And Finance, 20, pp.249-272.
  • CHRISTOPOULOS, D.K. (2004). The Relationship between Output and Unemployment: Evidence from Greek Regions. Regional Science, 83, pp.611-620.
  • DEMİR, O., BAKIRCI, F. (2010). Türkiye’de İşsizlik Sorunu ve Büyüme-İşsizlik İlişkisi. [Available at]: _____http://www.asagihomurlu.bel.tr/fehmbakirci/1.pdf>, [Accessed: 02.03.2010].
  • ENGLE, R.F., GRANGER, C.W.J. (1987). Co-integration and Error correction: Representation, Estimation and Testing. Econometrica, 55, pp.251-276.
  • FREEMAN, D.G. (2001). Panel Tests of Okun’s Law for Ten Industrial Countries. Economic Inquiry, 39 (4), pp.511-523.
  • FRIEDMAN, M. (1968). The Role of Monetary Policy. American Economic Review, 58, pp.1-17.
  • GABRISCH, H., BUSCHER, H. (2005). The Unemployment – Growth Relationship in Transition Countries. IWH-Discussion Papers, November 2005, 5, pp.1-26.
  • GUSTAVSSON, M.,ÖSTERHOLM, P. (2006). Hysteresis and Nonlinearities in Unemployment Rates. Applied Economics Letters, 13 (9), pp.545-458.
  • GÜRSEL, S. et al. (2002). Türkiye’de İşgücü Piyasası ve İşsizlik. TÜSİAD-T/2002/ 12-354.
  • HADRI, K. (2000). Testing For Stationary in Heterogeneous Panel Data. Econometrics Journal, 3 (2), pp.148-161.
  • HAHN, F. R. (2004). Long-run Homogenity of Labour Demand. Panel Evidence from OECD Countries. Applied Economics, 36 (11), pp.1199-1203.
  • HARRIS, R., SILVERSTONE, B. (2001). Testing for Asymmetry in Okun’s Law: A Cross- Country Comparison. Economics Bulletin, 5 (2), pp.1-13.
  • HUANG, H.R., LIN, S. (2006). A Flexible Nonlinear Inference to Okun’s Relationship. Applied Economics Letters, 13, pp.325-331.
  • IM, K.S., PESARAN, M.H., SHIN, Y. (2003). Testing For Unit Roots in Heterogeneous Panels, Journal of Econometrics, 115 (1), pp.53-74.
  • IZYUMOV, A., VAHALY, J. (2002). The Unemployment-Output Trade-off in Transition Economies: Does Okun’s Law Apply?. Economics of Planning, 35, pp.317-331.
  • KAO, C. (1999). Spurious Regression and Residual-Based Tests for Cointegration in Panel Data. Journal of Econometrics, 90, pp.1-44.
  • KIM, D. (2005). Unionization, Unemployment and Growth in Korea: A Cointegration Approach. Atlantic Economic Journal, 33, pp.225-233.
  • LEE, C.C., CHANG, C.P. (2008). Unemployment Hysteresis in OECD Countries: Centurical Time Series Evidence with Structural Breaks. Economic Modelling, 25 (2), pp.312-325.
  • LEON-LEDESMA, M.A. (2002). Unemployment Hysteresis in the US and the EU: A Panel Data Approach. Bulletin of Economic Research, 54 (2), pp.95-103.
  • LEVIN, A., LIN, C., CHU, C.J. (2002). Unit Root Test with Panel Data: Asymptotic and Finite-Sample, Journal of Econometrics, 108 (1), pp.1-24.
  • MADDALA, G.S., WU, S. (1999). A Comparative Study of Unit Roots Tests with Panel Data and A New Simple Test, Oxford Bulletin of Economics and Statistics, Special Issue, 6, pp.631-652.
  • MITCHELL, W.F. (1993). Testing for Unit Roots and Persistence in OECD Unemployment Rates. Applied Economics, 25, pp.1489-1501.
  • OKUN, A. (1962). Potential GNP: Its Measurement and Significance. American Statistical Assosiciation. Proceedings of the Business and Economic Statistics Section, pp.98-104.
  • PEDRONI, P. (1999). Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Repressors. Oxford Bulletin of Economics and Statistics, Special Issue, pp.653- 670.
  • PEDRONI, P. (2000). Fully Modified OLS for Heterogeneous Cointegrated Panels. Nonstationary Panels, Panel Cointegration and Dynamic Panels, 15, pp.93-130.
  • PESARAN, H., SMITH R. (1995). The Natural Rate Hypothesis and Its Testable Implications. The Natural Rate of Unemployment: Reflections on 25 Years of the Hypothesis (ed.) R. Cross, Cambridge: Cambridge University Press.
  • PESARAN, M.N., SHIN, Y., SMITH, R.P. (1999). Pooled Mean Group Estimation of Dynamics Heterogeneous Panels. Journal of the American Statistical Association, 94 (446),pp.621-634.
  • PHELPS, E.S. (1967). Philips Curves, Expectations on Inflation and Optimal Unemployment Over Time. Economica, 34, pp.254-281.
  • PHILIPS, P., MOON, H. (1999), Linear Regression Limit Theory for Nonstationary Panel Data. Econometrica, 67 (5), pp.1057-1111.
  • PRACHOWNY, M.F.J. (1993). Okun’s Law: Theoretical Foundations and Revised Estimates. Review of Economics and Statistics, 75, pp.331-336.
  • ROED, K. (1999). A note on the Macroeconomic Modelling of Unemployment Hysteresis. Applied Economics Letters, 6, pp.255-258.
  • ROMERO-AVILA, D., USABIAGA, C. (2007). Unit Root Tests and Persistence of Unemployment: Spain vs. the Unted States. Applied Economics Letters, 14 (6), pp.457- 461.
  • SILVAPULLE, P., MOOSA, I.A., SILVAPULLE, M.J. (2004). Asymmetry in Okun’s Law. Canadian Journal of Economics, 37 (2), pp.353-374.
  • SÖGNER, L., STIASSNY, A. (2002). An Analysis on the Structural Stability of Okun’s Law - A Cross-Country Study. Applied Economics, 14, pp.1775-1787.
  • STOCK, J., WATSON, M.W. (1993). A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems. Econometrica, 61 (4), pp.738-820/
  • STRAZICICH, M.C., TIESLAU, M., LEE, J. (2001). Hysteresis in Unemployment? Evidence from Panel Unit Root Tests with Structural Change. University of North Texas, Department of Economics, Working Papers
  • VIRÉN, M. (2001). The Okun Curve is Non-linear. Economics Letters, 70, pp.253-257.
  • WEBER, C.E., WEST, J.E. (1996). Functional Form in Regression Models of Okun’s Law. Applied Economics Letters, 3, pp.607-609.
  • YERDELEN TATOĞLU, F. (2010). Türkiye ve Avrupa Birliği Üyesi Ülkelerde İşsizlik ve Büyüme. Sahhaflar Kitap Sarayı, İstanbul.
  • YILDIRIM, K., KARAMAN, D. (2003). Makro Ekonomi. Eğitim, Sağlık ve Bilimsel Araştırma Çalışmaları Vakfı, 145, Eskişehir.
APA TATAROĞLU YERDELEN F (2011). The long and short run effects between unemployment and economic growth in Europe. , 99 - 113.
Chicago TATAROĞLU YERDELEN Ferda The long and short run effects between unemployment and economic growth in Europe. (2011): 99 - 113.
MLA TATAROĞLU YERDELEN Ferda The long and short run effects between unemployment and economic growth in Europe. , 2011, ss.99 - 113.
AMA TATAROĞLU YERDELEN F The long and short run effects between unemployment and economic growth in Europe. . 2011; 99 - 113.
Vancouver TATAROĞLU YERDELEN F The long and short run effects between unemployment and economic growth in Europe. . 2011; 99 - 113.
IEEE TATAROĞLU YERDELEN F "The long and short run effects between unemployment and economic growth in Europe." , ss.99 - 113, 2011.
ISNAD TATAROĞLU YERDELEN, Ferda. "The long and short run effects between unemployment and economic growth in Europe". (2011), 99-113.
APA TATAROĞLU YERDELEN F (2011). The long and short run effects between unemployment and economic growth in Europe. Doğuş Üniversitesi Dergisi, 12(1), 99 - 113.
Chicago TATAROĞLU YERDELEN Ferda The long and short run effects between unemployment and economic growth in Europe. Doğuş Üniversitesi Dergisi 12, no.1 (2011): 99 - 113.
MLA TATAROĞLU YERDELEN Ferda The long and short run effects between unemployment and economic growth in Europe. Doğuş Üniversitesi Dergisi, vol.12, no.1, 2011, ss.99 - 113.
AMA TATAROĞLU YERDELEN F The long and short run effects between unemployment and economic growth in Europe. Doğuş Üniversitesi Dergisi. 2011; 12(1): 99 - 113.
Vancouver TATAROĞLU YERDELEN F The long and short run effects between unemployment and economic growth in Europe. Doğuş Üniversitesi Dergisi. 2011; 12(1): 99 - 113.
IEEE TATAROĞLU YERDELEN F "The long and short run effects between unemployment and economic growth in Europe." Doğuş Üniversitesi Dergisi, 12, ss.99 - 113, 2011.
ISNAD TATAROĞLU YERDELEN, Ferda. "The long and short run effects between unemployment and economic growth in Europe". Doğuş Üniversitesi Dergisi 12/1 (2011), 99-113.