Investigation of the Relationship of Unemployment Rates, Net Foreign Direct Capital Investments and Gross Domestic Increasing Rate with ARDL and Toda Yamamoto Tests: Turkey (1991-2020)
Investigation of the Relationship of Unemployment Rates, Net Foreign Direct Capital Investments and Gross Domestic Increasing Rate with ARDL and Toda Yamamoto Tests: Turkey (1991-2020)

Author(s): İbrahim Arslan, Yusuf Bozgeyik, Tuğçe Metin
Subject(s): Economic history, Labor relations, Transformation Period (1990 - 2010), Present Times (2010 - today), Socio-Economic Research
Published by: Özgür Yayın Dağıtım Ltd. Şti.
Keywords: macroeconomics; unemployment; Turkey; economic history;
Summary/Abstract: The concept of unemployment has been one of the leading macroeconomics topics that national economies have been trying to analyze since the Industrial Revolution. This is because unemployment is not only an individual problem, but also a comprehensive social problem with a negative multiplier effect. When the literature on unemployment is reviewed, there are many studies on the causes and consequences of unemployment and policy recommendations for the solution of unemployment. However, although the number of studies on it is high, only fiew talk about the existence of a policy proposal that has yet completely solved the unemployment problem. In this study, considering the 1991-2020 data, Turkey’s net foreign direct investment data and the relationship between the rate of increase in gross domestic product and the unemployment rate were examined through the ARDL limit test and Toda Yamamoto tests with the Eviews 9 package program. The goal of the study is to analyze whether there is a relationship between the variables in the short or long term, the causality between the variables and the time required for a possible shock effect in unemployment rates to pass through the system. In the first part of the study, the conceptual framework was included, in the second part, the samples, methods and results of similar studies in the literature were mentioned, the analysis findings of the study were shared in the third part, and comments and suggestions regarding the analysis results were shared in the last part.

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