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Type of publication: | Book / Working Paper |
Notes: | [English Title] The Analysis of Turkish Labor Market with Structural Vector Error Correction Model (SVECM) [English Abstract] This paper analyses dynamics in Turkish labor market by using a small macroeconomic model and cointegration approach. Data set include quarterly data for employment, productivity, real wages and cover 1988:1-2012:2 periods. Results show that real wages are key variable in Turkish labor market and there are a weak link between real wages and productivity and the rigidities in employment in the market. Thus, flexibility in wages is very important for efficiency of Turkish labor market. [English Keywords] Labor Market, Cointegration, SVECM The text is part of a series EY International Congress on Economics I (EYC2013), October 24-25, 2013, Ankara, Turkey Number 222 18 pages long |
Classification: | J01 - Labor Economics: General ; C50 - Econometric Modeling. General ; E24 - Employment; Unemployment; Wages |
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Persistent link: https://www.econbiz.de/10010850451