Type | Journal Article - Journal of Business Economics and Finance |
Title | The Persistence Effect of Unemployment in Turkey: An Analysis of the 1980-2010 Period |
Author(s) | |
Volume | 1 |
Issue | 3 |
Publication (Day/Month/Year) | 2012 |
Page numbers | 22-32 |
URL | http://dergipark.ulakbim.gov.tr/jbef/article/download/5000075832/5000070133 |
Abstract | The study aims to investigate the unemployment generating effects of economic crises in detail for the 1980-2010 period in Turkey. While investigating the unemployment generating effects of crisis, the important effects of persistence of unemployment should not be ignored; where these effects become stronger in emerging economies in addition to developed countries. In this context, hysteresis effect ,which is mostly debated by the European side of New- Keynesian economics, will be analyzed within the framework of the persistence of unemployment. Accordingly, the study aims at investigating the unemployment generating effects of crisis in Turkish economy within the framework of hysteresis effect and persistence. The economic crises that occurred in Turkey during 1980-2010 are evaluated in terms of their effects on the persistence of unemployment. For this purpose, TURKSTAT's household labor force surveys for the period 1980-2000 were referred. For the 2000-2010 period, published TURKSTAT Household labor force surveys were evaluated in detail to investigate the persistence framework of the economic crisis. The data examined in the period is generated annually, summing to a total of 4.7 million survey data. In the empirical part of the study, the data acquired from surveys was subjected to factor analysis to identify the most significant factors. In the second stage, frequency tables and crosstabs were formed. The main findings of the study indicate that the significant effects of economic crises over hysteresis carry importance and the existence of such effects lead to increasing rates in unemployment for the examined period in Turkey. |