Hysteresis in Unemployment New Evidence Sector Specific Unemployment in Turkey
Yazarlar (2)
Prof. Dr. Salih BARIŞIK Tokat Gaziosmanpaşa Üniversitesi, Türkiye
Emrah İsmail Çevik
| Makale Türü | Özgün Makale (Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale) | ||
| Dergi Adı | Empirical Economic Letters | ||
| Dergi Tarandığı Indeksler | ECONLIT | ||
| Makale Dili | İngilizce | Basım Tarihi | 03-2009 |
| Cilt / Sayı / Sayfa | – / 4 / 255– | DOI | – |
| Makale Linki | www.eel.my100megs.com | ||
| UAK Araştırma Alanları |
Enflasyon
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| Özet |
| High levels of inflation and unemployment have been experienced together in the world after 1970’s. Efforts of decreasing inflation have been achieved in the world after 1990’s. The fact that there has been no evidence the unemployment rate beginning to decrease despite the increasing growth rates in the USA and Europe countries recalls hysteresis effect. This phenomenon observed in Turkey after 1994 and 2001 crises. This paper examines hysteresis effect in sector-specific unemployment in Turkey. We apply conventional unit root tests and Zivot-Andrews structural break test to determine the presence of hysteresis effect. Hysteresis effect is only found in Manufacturing and Finance sectors. |
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