Browsing by Subject "Seasonal cointegration"

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    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.
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    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.