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THE INFLUENCE OF CONSUMPTION AND INVESTMENT ON UNEMPLOYMENT IN TURKEY: A SVAR APPROACH

Ekonomika

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Title THE INFLUENCE OF CONSUMPTION AND INVESTMENT ON UNEMPLOYMENT IN TURKEY: A SVAR APPROACH
 
Creator Ozan Yıldırım, Mustafa
Eren Yıldırım, Ahmet
 
Subject —
Consumption, Investment, Unemployment, Structural VAR
—
 
Description The aim of this paper is to examine the dynamic relationship between consumption, investment and unemployment in Turkey using structural VAR (SVAR) models. The four different SVAR models are estimated by using quarterly observations of dynamic and contemporaneous relations for the mentioned macroeconomic variables, covering the 2005-2016 period for the Turkish economy. Four different unemployment rates are used in the study to represent the unemployment rate in the Turkish economy, which are overall, young (15-24 age), male and female unemployment rates. Impulse response functions and variance decomposition results obtained from the study show that consumption shocks have a significant impact on both the unemployment rate and the investments, in support of the basic hypothesis that is argued in the study. Investment shocks also have a similar effect on unemployment rates and positive investment shocks have reduced unemployment rates. Moreover, another result obtained in all four models suggests that a shock in consumption increases investment through the accelerator effect.
 
Publisher Vilniaus universiteto Ekonomikos fakultetas / Vilnius University Faculty of Economics
 
Contributor —
 
Date 2017-05-05
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.zurnalai.vu.lt/ekonomika/article/view/10665
10.15388/Ekon.2017.1.10665
 
Source Ekonomika; Ekonomika 2017 96(1); 74-92
1392-1258
1392-1258
 
Language lit
 
Relation http://www.zurnalai.vu.lt/ekonomika/article/view/10665/8701
 
Rights Autorinės teisės (c) 2017 Ekonomika