Since 2014
Effect of different price indices on linkage between real GDP growth and real minimum wage growth in Turkey
Journal of Economic & Financial Studies
View Archive Info| Field | Value | |
| Title |
Effect of different price indices on linkage between real GDP growth and real minimum wage growth in Turkey
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| Creator |
Sunal, Onur
Sezgin Alp, Ozge |
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| Subject |
Economics
Economic growth; minimum wages; price indices; Turkey. C43; J31; O40. |
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| Description |
The accuracy of Turkish CPI as a price deflator is questionable especially when it comes to calculating real minimum wages. In this study we investigate the effect of different price indices on the relation between real GDP growth rates and real minimum wage growth rates by using a Granger causality analysis framework using VAR based granger causality tests. Result reveals that there is no causality between real minimu wage growth rates and real GDP growth rates in both directions. We also find a biderectional Granger causality between nominal minimum wage growth rates and COLI (an alternative price indice) growth rates. The results also showed that in line with our assumptions when an alternative deflator is used, the causality relations significantly differes.
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| Publisher |
LAR Center Press
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| Contributor |
no contributions or supporting agencies
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| Date |
2016-03-02
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://journalofeconomics.org/index.php/site/article/view/213
10.18533/jefs.v4i1.213 |
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| Source |
Journal of Economic & Financial Studies; Vol 4, No 01 (2016): February; 01-10
2379-9471 2379-9463 |
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| Language |
eng
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| Relation |
http://journalofeconomics.org/index.php/site/article/view/213/276
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| Rights |
Copyright (c) 2016 onur sunal, özge sezgin alp
http://creativecommons.org/licenses/by/4.0 |
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