İşsizlik Oranlarının Finansal Kalkınma Üzerindeki Etkisi: G-20 Ülkeleri İçin Ekonometrik Bir Analiz
Effectiveness of Unemployment Rate on Financial Development: An Econometric Analysis for G-20 Countries
Author(s): Mehmet Ragıp Görgün, Sadık Karaoğlan, Abdulkadir BarutSubject(s): National Economy, Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets, Socio-Economic Research
Published by: Sage Yayınları
Keywords: Financial Development; Unemployment; G-20 Countries;
Summary/Abstract: In this study, the effect of unemployment rates on financial development in the G-20 countries was empirically explored using annual data for the period 2000-2015. The national stock market values of the countries were selected as indicators of financial development and the effect of this indicator on the unemployment rate was estimated by the structural breakdown panel cointegration analysis (Westerlund cointegration). Cointegration coefficients were estimated by the AMG estimator and it was determined that the increase in the unemployment rate caused the stock market value to decrease.
Journal: TURAN-SAM
- Issue Year: 9/2017
- Issue No: 36
- Page Range: 161-167
- Page Count: 7
- Language: Turkish