The Relationship between GDP and Unemployment: Evidence from MENA CountriesReport as inadecuate




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Zagreb International Review of Economics & Business, Vol.13 No.1 May 2010. -

This paper investigates the long-run relationship between GDP growth and unemployment for the following selected MENA countries: Turkey, Egypt, Israel, and Jordan. Although the results of previous studies in this area are somewhat ambiguous, the literature has traditionally shown a negative relationship between GDP growth and unemployment. In this paper, we expect a negative long-run relationship between GDP growth and unemployment to exist. Therefore, we predict that high rates of GDP growth will lead to a reduction in unemployment. The results of our cross-country comparison model support a negative relationship between these variables.

growth; unemployment; Okun’s Law; MENA; Turkey



Author: Mehdi Haririan - ; Bloomsburg University, USA Mehmet Huseyin Bilgin - ; Kadir Has University, Turkey Gokhan Karabulut - ; Istanbu

Source: http://hrcak.srce.hr/



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