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      • Faculty of Economics, Administrative And Social Sciences
      • Department of Economics
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      Economic performance and unemployment: evidence from an emerging economy

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      Author(s)
      Berument, Hakan
      Dogan, N.
      Tansel, A.
      Date
      2006
      Source Title
      International Journal of Manpower
      Print ISSN
      0143-7720
      Electronic ISSN
      1758-6577
      Publisher
      Emerald Publishing Limited
      Volume
      27
      Issue
      7
      Pages
      604 - 623
      Language
      English
      Type
      Article
      Item Usage Stats
      595
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      460
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      Abstract
      Purpose - This article seeks to examine whether or not various macroeconomic policy shocks have different effects on overall unemployment and the unemployment by different levels of education in Turkey. These effects are assessed separately for male and female unemployment. Design/methodology/ approach - To examine the relationship, a quarterly VAR model with a recursive order is employed to estimate the effects of real GDP, price, exchange rate and interbank interest rate on unemployment for the period from 1988:01 to 2003:04. Findings - Main findings indicate that monetary policy does not affect the total unemployment as well as the components of unemployment by educational level and by gender in Turkey. On the other hand, income policies, which include fiscal policies, and unemployment itself, might be the main factors that affect the behavior of total unemployment and its various components. Research limitations/implications - These findings suggest that policy makers should concentrate on non-monetary policies to hamper the unemployment in Turkey. Originality/value - The present study is the first empirical examination of the relationship between various macroeconomic policy shocks and the unemployment both across gender and education levels in a single study. © Emerald Group Publishing Limited.
      Keywords
      Economic performance
      Education
      Gender
      Turkey
      Unemployment
      Permalink
      http://hdl.handle.net/11693/23667
      Published Version (Please cite this version)
      http://dx.doi.org/10.1108/01437720610708248
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      • Department of Economics 724
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