Socio-Economic Structure and An Empirical Application on the Unemployment-Economic Growth Nexus: The Case of Denmark

Seher Suluk

Makale detayları

Socio-Economic Structure and An Empirical Application on the Unemployment-Economic Growth Nexus: The Case of Denmark

Yazarlar:

Seher Suluk

Yayıncı:

Van Yuzuncu Yıl University

Ana Başlıklar:

İktisat Sosyolojisi

Dergi:

Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 64, pp.120-140

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001321947

pISSN:

1302-6879

Anahtar kelimeler:

Özet:

 Macroeconomic indicators are the basic indicators that reveal the economic performance of a country. Economic growth and unemployment status are among the most important macroeconomic indicators that show the economic performance of countries. While economic growth is among the priority targets of every country, unemployment is among the most significant problems faced by countries as it negatively affects individuals and the society economically, socially and psychologically. Denmark is a highly developed country with a high standard of living and well-being. Therefore, the aim of this study is to reveal the socio-economic performance of Denmark by examining the socio-economic structure with various macroeconomic indicators, and then to analyze empirically the relationship between unemployment and economic growth. In the study, which takes into account the period 1980-2021, Granger causality analysis was applied to test the causal relationship between the variables, and then regression analysis was performed with the least squares method. Empirical findings obtained from Granger causality analysis showed that there is a bidirectional causality relationship between unemployment and economic growth. Besides, according to the results obtained from the regression analysis performed with the least squares method, a 1 increase in economic growth in Denmark reduces unemployment by 6.32.

 Macroeconomic indicators are the basic indicators that reveal the economic performance of a country. Economic growth and unemployment status are among the most important macroeconomic indicators that show the economic performance of countries. While economic growth is among the priority targets of every country, unemployment is among the most significant problems faced by countries as it negatively affects individuals and the society economically, socially and psychologically. Denmark is a highly developed country with a high standard of living and well-being. Therefore, the aim of this study is to reveal the socio-economic performance of Denmark by examining the socio-economic structure with various macroeconomic indicators, and then to analyze empirically the relationship between unemployment and economic growth. In the study, which takes into account the period 1980-2021, Granger causality analysis was applied to test the causal relationship between the variables, and then regression analysis was performed with the least squares method. Empirical findings obtained from Granger causality analysis showed that there is a bidirectional causality relationship between unemployment and economic growth. Besides, according to the results obtained from the regression analysis performed with the least squares method, a 1 increase in economic growth in Denmark reduces unemployment by 6.32.

 Macroeconomic indicators are the basic indicators that reveal the economic performance of a country. Economic growth and unemployment status are among the most important macroeconomic indicators that show the economic performance of countries. While economic growth is among the priority targets of every country, unemployment is among the most significant problems faced by countries as it negatively affects individuals and the society economically, socially and psychologically. Denmark is a highly developed country with a high standard of living and well-being. Therefore, the aim of this study is to reveal the socio-economic performance of Denmark by examining the socio-economic structure with various macroeconomic indicators, and then to analyze empirically the relationship between unemployment and economic growth. In the study, which takes into account the period 1980-2021, Granger causality analysis was applied to test the causal relationship between the variables, and then regression analysis was performed with the least squares method. Empirical findings obtained from Granger causality analysis showed that there is a bidirectional causality relationship between unemployment and economic growth. Besides, according to the results obtained from the regression analysis performed with the least squares method, a 1 increase in economic growth in Denmark reduces unemployment by 6.32.

 Makroekonomik göstergeler, bir ülkenin ekonomik performansını ortaya koyan temel göstergelerdir. Ekonomik büyüme ve işsizlik durumu da ülkelerin ekonomik performansını gösteren en önemli makroekonomik göstergeleri arasında yer almaktadır. Ekonomik büyüme her ülkenin öncelikli hedefleri arasında yer alırken, işsizlik olgusu bireyleri ve toplumu ekonomik, sosyal ve psikolojik yönden olumsuz etkilediği için, ülkelerin karşı karşıya olduğu en önemli sorunlar arasındadır. Danimarka, yaşam standartları ve refah seviyesi yüksek, oldukça gelişmiş bir ülkedir. Dolayısıyla bu çalışmada amaç, öncelikle Danimarkanın sosyo-ekonomik yapısını çeşitli makroekonomik göstergelerle inceleyerek sosyo-ekonomik performansını ortaya koymak, daha sonra işsizlik ile ekonomik büyüme arasındaki ilişkiyi ampirik olarak analiz etmektir. 1980-2021 dönemini dikkate alan çalışmada, değişkenler arasındaki nedensel ilişkiyi test etmek amacıyla Granger nedensellik analizi uygulanmış, ardından en küçük kareler yöntemi ile regresyon analizi yapılmıştır. Granger nedensellik analizinden elde edilen ampirik bulgular, işsizlik ile ekonomik büyüme arasında çift yönlü nedensellik ilişkisinin olduğunu göstermiştir. Bununla birlikte, en küçük kareler yöntemiyle gerçekleştirilen regresyon analizinden elde edilen sonuçlara göre, Danimarkada ekonomik büyümede meydana gelen 1lik bir artış işsizlik oranını 6,32 azaltmaktadır.

Makale detayları

Socio-Economic Structure and An Empirical Application on the Unemployment-Economic Growth Nexus: The Case of Denmark

Yazarlar:

Seher Suluk

Yayıncı:

Van Yuzuncu Yıl University

Ana Başlıklar:

İktisat Sosyolojisi

Dergi:

Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 64, pp.120-140

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001321947

pISSN:

1302-6879

Macroeconomic Indicators

Economic Growth

Unemployment

DenmarkMakroekonomik Göstergeler

Ekonomik Büyüme

İşsizlik

Danimarka

Sayı

Makale detayları

Yazarlar: Seher Suluk

Yayıncı: Van Yuzuncu Yıl University

Ana Başlıklar: İktisat Sosyolojisi

Dergi: Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 64, pp.120-140

Belge Tipi: Makale

Yayın Tarihi: 6/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001321947

pISSN: 1302-6879

Sayı

Yazarlar:

Seher Suluk

Yayıncı:

Van Yuzuncu Yıl University

Ana Başlıklar:

İktisat Sosyolojisi

Dergi:

Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 64, pp.120-140

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001321947

pISSN:

1302-6879