Analysis of the phillips curve: an assessment of Turkey
| dc.contributor.author | Nar, Mehmet | |
| dc.date.accessioned | 2021-03-17T11:11:05Z | |
| dc.date.available | 2021-03-17T11:11:05Z | |
| dc.date.issued | 2021 | |
| dc.department | AÇÜ, Sanat ve Tasarım Fakültesi | en_US |
| dc.description.abstract | This study analyzes the validity of the Phillips curve with regards to Turkey. The existence and direction of the causality relationship (reason-outcome relationship) between unemployment and inflation is investigated using inflation and unemployment data for the period 1980-2019. Unit root tests were utilized to evaluate the stationarity of the series. In line with the Zivot-Andrews unit root test, which was developed in response to the criticism of the failure of studies that presented macro-variables like inflation to consider traditional unit root tests, in this research, the Engle-Granger cointegration test was implemented to check whether the series could perform a joint action, and, finally, the Granger causality relationship was explored. According to the results of the analysis, over the relevant period there was a single directional causality relationship from inflation toward unemployment in Turkey. The importance of this relationship at the 10% significance level indicates the existence of many different factors that affect inflation and unemployment. Given the existence of a cointegration and causality relationship between inflation and unemployment, it can be said that, in Turkey, the Phillips curve is valid for the period 1980-2019 and that an increase of 1% in inflation will reduce the unemployment rate by 0.028%. | |
| dc.identifier.citation | Nar, M. (2021). Analysis of the Phillips Curve: An Assessment of Turkey. The Journal of Asian Finance, Economics, and Business, 8(2), 65-75. | en_US |
| dc.identifier.doi | 10.13106/jafeb.2021.vol8.no2.0065 | |
| dc.identifier.endpage | 64 | en_US |
| dc.identifier.issue | 2 | en_US |
| dc.identifier.scopusquality | N/A | |
| dc.identifier.startpage | 57 | en_US |
| dc.identifier.uri | https://hdl.handle.net/11494/2742 | |
| dc.identifier.volume | 8 | en_US |
| dc.identifier.wosquality | N/A | |
| dc.indekslendigikaynak | Web of Science | |
| dc.indekslendigikaynak | Scopus | |
| dc.institutionauthor | Nar, Mehmet | |
| dc.language.iso | en | en_US |
| dc.publisher | Korea Distribution Science Association (KODISA) | en_US |
| dc.relation.ispartof | Journal of Asian Finance, Economics and Business | |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/us/ | * |
| dc.subject | Macroeconomics | en_US |
| dc.subject | Phillips Curve | en_US |
| dc.subject | Inflation | en_US |
| dc.subject | Unemployment | en_US |
| dc.subject | Adaptive Expectations | en_US |
| dc.title | Analysis of the phillips curve: an assessment of Turkey | en_US |
| dc.type | Article |
