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Macroeconomic Policy and Unemployment by Economic Activity: Evidence from Turkey

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  • M. Hakan Berument
  • Nukhet Dogan
  • Aysit Tansel

Abstract

This paper investigates how various macroeconomic policy shocks in Turkey affect unemployment and provides evidence on the differential responses of unemployment in selected sectors of economic activity. Our paper extends previous work in two respects. First, we consider not only the response of total unemployment, but also the response of unemployment by selected sectors of economic activity. Second, we consider not only the effect of monetary policy shocks, but also the effects of several other macroeconomic shocks. The results indicate that unemployment in different sectors of economic activity responds differently to various macroeconomic policy shocks.

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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Emerging Markets Finance and Trade.

Volume (Year): 45 (2009)
Issue (Month): 3 (May)
Pages: 21-34

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Handle: RePEc:mes:emfitr:v:45:y:2009:i:3:p:21-34

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=111024

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Keywords: macroeconomic policy shocks; unemployment by economic activity;

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References

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Citations

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Cited by:
  1. Afsin Sahin & Aysit Tansel & M. Hakan Berument, 2013. "Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective," Koç University-TUSIAD Economic Research Forum Working Papers 1311, Koc University-TUSIAD Economic Research Forum.
  2. Ceyhun ELGİN & Tolga Umut KUZUBAŞ, 2012. "Wage-Productivity Gap in Turkish Manufacturing Sector," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 27(316), pages 09-31.
  3. Hassan, Muhammad shahid & Wajid, Ayesha & Mamoon, Dawood, 2013. "Some non Price Factors that Fend off Unemployment in Pakistan," MPRA Paper 49365, University Library of Munich, Germany.
  4. Taylan Taner Dogan, 2012. "Macroeconomic Variables and Unemployment: The Case of Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 2(1), pages 71-78.

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