The Relationship Between Wages and Productivity: TAR Unit Root and TAR Cointegration Approach
We analyzed the relationship between wages and productivity in 1990 - 2007 period in Turkey. At the first stage we followed the traditional unit root tests and apply the analysis followed by unit root test procedure proposed by Caner and Hansen (2001). Then we discussed the long run nonlinear relationship between wages and productivity by employing the TAR cointegration analysis developed by Hansen and Seo (2002).
Volume (Year): 5 (2008)
Issue (Month): 1 ()
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