The Data of Labor in Turkey & Time Series Analysis on Economic Growth (2000:01-2013:03)
Emerging Markets Journal, Vol. 3, No. 3, pp. 98-102, 2014
6 Pages Posted: 22 May 2014
Date Written: March 1, 2014
In the present study, labor markets were analyzed, in particular, the reasons of low labor force rate to make sense based on the data of Turkish economy. While in the advanced economies, the labor force rate is quite high and has small fluctuations around a certain extent over a long-term. In the Turkish economy, it prominently falls in a long-term. Turkey is 18th by population size and 17th by GDP in world ranking and although its population effectively provides labor force rate, it will be highly effective on its economic growth. The study that based on co-integration analysis with long-term of the labor data with respect to the economy of Turkey concluded that labor variables concern with GDP and co-integration in a long-term. In particular, when the presence of strong relation between the growth and the non-institutional population is produced, it is emphasized that the present relation between the growth and the labor variable isn’t strong enough.
Keywords: Population, labor force rate, economic growth
JEL Classification: J21, O40, O52
Suggested Citation: Suggested Citation