Abstract:

The objective of the present study is to scrutinize the characteristics of the shocks in Turkish labor market and to analyze the reactions of unemployment rates based on growth and growth regimes. Thus, the subject matter of the main reasons behind the deviations from the trends in unemployment rates, which is significant for all policy makers, would provide them a flexibility in ensuring spontaneous stability and growth. Especially easy access of financial units to information and their ability to adopt to expectations immediately would cause the above mentioned variable to react differently depending on existing growth and growth regimes. Thus, there would be mistakes in policy deductions made with findings of the studies that ignore these relationships. This deficiency is considered in the present study and the reactions of unemployment rates to the regimes would be determined using BBQ, MBBQ, TR, skewness and kurtosis criteria based on date, duration and severity. Based on the results obtained in the tests whether theoretical structures such as asymmetrical motion of unemployment phenomenon, growth without employment, unemployment hysteria and natural ratio exist or not.

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