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Does economic growth support the minimum wage? Evidences based in Turkey

Author

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  • Bilal Kargı

    (Department of Banking and Finance, Ankara Yildirim Beyazit University, Ankara, Turkey)

Abstract

The effects of the growth performances over minimum wages are examined in this study. Minimum wage is a level of income which is determined by the government in order people to be able to maintain humanitarian consumption rate under the economic conditions in which they survive. Such a partial interference to competitive economics can affect many macroeconomic variables. In this study, the relationship between minimum wage and the growth performance is investigated within fast growing Turkish economy. The effects of minimum wage over employment and how the employment rate changes by the effects of minimum wage increases reflect to the growth processes is depicted. After the applied tests, the results are acquired as there is co‑integration relationship in the long run between minimum wage and the growth and Granger causality occurred in double direction.

Suggested Citation

  • Bilal Kargı, 2018. "Does economic growth support the minimum wage? Evidences based in Turkey," Journal of Economics and Political Economy, EconSciences Journals, vol. 5(4), pages 439–449-4, December.
    • Handle: RePEc:cvv:journ1:v:5:y:2018:i:4:p:439-449
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    References listed on IDEAS

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    1. Kargi, Bilal, 2014. "Labor Force Participation Rate and Economic Growth: Observations for Turkey," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 4(4), pages 46-54.
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    More about this item

    Keywords

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    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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