Browsing by Author "Tansel, A."

Now showing 1 - 5 of 5

Open Access
Economic performance and unemployment: evidence from an emerging economy
(Emerald Publishing Limited, 2006) Berument, Hakan; Dogan, N.; Tansel, A.
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.
Open Access
Macroeconomic policy and unemployment by economic activity: evidence from Turkey
(Routledge, 2009) Berument, Hakan; Dogan, N.; Tansel, A.
This paper investigates how various macroeconomic policy shocks in Turkey affect unemployment and provides evidence on the differential responses of unemployment in selected sectors of economic activity. Our paper extends previous work in two respects. First, we consider not only the response of total unemployment, but also the response of unemployment by selected sectors of economic activity. Second, we consider not only the effect of monetary policy shocks, but also the effects of several other macroeconomic shocks. The results indicate that unemployment in different sectors of economic activity responds differently to various macroeconomic policy shocks. © 2009 M.E. Sharpe, Inc. All rights reserved.
Open Access
Output-employment relationship across sectors: A long-versus short-run perspective
(Wiley-Blackwell Publishing, 2015) Şahin, A.; Tansel, A.; Berument, Hakan
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels for seven of nine sectors that we consider. However, a further investigation for the output and employment relationship within a short-run perspective does not reveal statistically significant relationships for either total employment or non-agriculture employment, or eight of the nine sectors that we consider. Although there are various long-run relationships between output and employment, the short-run links between demand and employment are weak. The various implications of this for the economy and the labour market are discussed. As a result, maintaining high levels of output in the long-run creating demand is essential for employment generation. © 2013 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd.
Open Access
Output-employment relationship across the employment status: evidence from Turkey
(Routledge, 2014) Şahin, A.; Tansel, A.; Berument, Hakan
This paper investigates output-employment relationships across different employment statuses and formal versus informal employment divisions for Turkey. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships between the aggregate output with all of the formal employment statuses. A further investigation for short-run relationships reveals no statistically significant relationships between aggregate output and total employment and between aggregate output and casual employment but there is a significant short-run relationship between aggregate output and total regular employment. Thus, a sustainable economic growth policy should aim to create formal and regular employment. © 2013 Taylor & Francis.
Open Access
The role of macroeconomic instability in public and private capital accumulation and growth: the case of Turkey 1963-1999
(Routledge, 2005) Ismihan, M.; Ozcan, K. M.; Tansel, A.
This study investigates the empirical relationship(s) between macroeconomic instability, public and private capital accumulation and growth in Turkey over the period 1963-1999. Time series econometric techniques, such as cointegration and impulse response analysis, are used. The results of this paper suggest that the chronic and increasing macroeconomic instability of the Turkish economy has seriously affected her capital formation and growth. Furthermore, the Turkish experience indicates that chronic macroeconomic instability seems to be a serious impediment to public investment, especially to its infrastructural component, and shatters, or even reverses, the complementarity between public and private investment in the long run. © 2005 Taylor & Francis Group Ltd.