The trade-off between output and unemployment has become an essential part of modern macroeconomics and is known as … Okun's law. However, in transition and emerging markets economies' context, the output-employment nexus has a much more … transition) countries to find out a discrepancy between the output and employment growth. Therefore, the employment elasticity …

labour force participation rate to cyclical output shocks. The trend and cycle decomposition methodology used here leads to …

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period from 1988 to 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 …

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period from 1988 to 2008. Even though 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 …

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period from 1988 to 2008. Even though 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 …