APPLIED ECONOMICS LETTERS, vol.23, no.3, pp.184-187, 2016 (SSCI)
Article / Article
APPLIED ECONOMICS LETTERS
Social Sciences Citation Index (SSCI), Scopus
Unemployment invariance hypothesis, cointegration, Turkey, TIME-SERIES, UNIT-ROOT, COINTEGRATION VECTORS, HYPOTHESIS, MODELS, RATES
Middle East Technical University Affiliated:
This article investigates the relationship between labour force participation rate and unemployment rate in Turkey a developing country. Cointegration analysis is carried out for the aggregate and gender-specific series. The findings indicate that there is no long-run relationship between labour force participation and unemployment rates in Turkey. Thus, unlike in the case of the developed countries, the unemployment invariance hypothesis is supported in Turkey.