Seçilmiş Ülkelerde Histeri Etkisinin Sınanması: Yeni Testlerden Yeni Bulgular

2. International Conference on Empirical Economics and Social Sciences

Unemployment rates in the labor market, which is one of the issues that are closely related to the economic outlook of countries, is one of the most important economic problems of today. Therefore, high or low rates are also important in terms of performance indicators of national economies. All countries sampled have a natural unemployment rate. In these countries, unemployment rates change from time to time in the form of temporary shocks. This effect, called hysteria, describes a situation in which transient shocks have permanent effects. According to the hysteria hypothesis, cyclical supply shocks lead to structural changes in economies and have a long-term impact on unemployment. These changes will create a negative picture on natural unemployment rates. The phenomenon of unemployment is on the agenda as an important economic problem for both developed and developed countries. Political powers must produce absolute solutions to this problem which causes the economic and social impact of the people of the country. Therefore, in order to solve the unemployment problem, it is necessary to develop employment policies that are continuous within the dynamics of the economy. Therefore, it is very important to determine the impact of temporary shocks on unemployment at this stage. Studies in the literature generally test the effect of hysteria within the framework of linear unit root tests. In this study, unlike the studies in the literature, the presence of hysteria effect for 23 selected countries was analyzed using new nonlinear unit root tests and new findings were obtained.

2019

Burak GÜRIŞ, Levent ÇINKO