The Evaluation of Türkiye’s Labour Market Regulations Together with Its Macroeconomic Performance with a Comparison of Some Selected Countries’ Performances

Ayça Sarıalioğlu Hayali; Djallel Aımar; Mohammad Mansoor Lodın

Makale detayları

The Evaluation of Türkiye’s Labour Market Regulations Together with Its Macroeconomic Performance with a Comparison of Some Selected Countries’ Performances

Yazarlar:

Ayça Sarıalioğlu Hayali | Djallel Aımar | Mohammad Mansoor Lodın

Yayıncı:

Gumushane University

Ana Başlıklar:

Makro İktisat (Diğer) | Uluslararası İktisat (Diğer)

Dergi:

Gümüşhane Üniversitesi Sosyal Bilimler Dergisi Vol.15 Issue 3, pp.809-829

Belge Tipi:

Makale

Yayın Tarihi:

8/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001326852

pISSN:

1309-7423

Anahtar kelimeler:

Özet:

 The relationship between labor market regulations and macroeconomic performance is a complex issue in the economics literature. The study evaluates it for Türkiye from 19802021 using the original Macroeconomic Performance Index MPI and the Labor Market Regulations Index LMRI. The MPI, measured by the Magic Hypercube MH method, incorporates economic growth, current account, inflation, and unemployment. LMRI is a composite index reflecting labor market regulations flexibility or rigidity based on seven dimensions such as minimum wage, hiring and firing regulations, flexible wage determination, hour regulations, costs of worker dismissal, conscription, and foreign labor. Overall, it can be said that during 19802021, the macroeconomic performance of Türkiye is mostly unrelated to the labor market regulations; namely, it seems that the MPI of Türkiye does not depend on LMRI at all. At least, it can be said that there seem to be no findings confirming the neoclassical views expectations; rather, the opposite one seems valid. When a comparison of some selected countries performances of MPI and LMRI for the period of 1990-2021 is done similar interpretations were reached at.

 The relationship between labor market regulations and macroeconomic performance is a complex issue in the economics literature. The study evaluates it for Türkiye from 19802021 using the original Macroeconomic Performance Index MPI and the Labor Market Regulations Index LMRI. The MPI, measured by the Magic Hypercube MH method, incorporates economic growth, current account, inflation, and unemployment. LMRI is a composite index reflecting labor market regulations flexibility or rigidity based on seven dimensions such as minimum wage, hiring and firing regulations, flexible wage determination, hour regulations, costs of worker dismissal, conscription, and foreign labor. Overall, it can be said that during 19802021, the macroeconomic performance of Türkiye is mostly unrelated to the labor market regulations; namely, it seems that the MPI of Türkiye does not depend on LMRI at all. At least, it can be said that there seem to be no findings confirming the neoclassical views expectations; rather, the opposite one seems valid. When a comparison of some selected countries performances of MPI and LMRI for the period of 1990-2021 is done similar interpretations were reached at.

 The relationship between labor market regulations and macroeconomic performance is a complex issue in the economics literature. The study evaluates it for Türkiye from 19802021 using the original Macroeconomic Performance Index MPI and the Labor Market Regulations Index LMRI. The MPI, measured by the Magic Hypercube MH method, incorporates economic growth, current account, inflation, and unemployment. LMRI is a composite index reflecting labor market regulations flexibility or rigidity based on seven dimensions such as minimum wage, hiring and firing regulations, flexible wage determination, hour regulations, costs of worker dismissal, conscription, and foreign labor. Overall, it can be said that during 19802021, the macroeconomic performance of Türkiye is mostly unrelated to the labor market regulations; namely, it seems that the MPI of Türkiye does not depend on LMRI at all. At least, it can be said that there seem to be no findings confirming the neoclassical views expectations; rather, the opposite one seems valid. When a comparison of some selected countries performances of MPI and LMRI for the period of 1990-2021 is done similar interpretations were reached at.

 İşgücü piyasası düzenlemeleri ve makroekonomik performans arasındaki ilişki, ekonomi literatüründe karmaşık ve tartışmalı bir konudur. Bu çalışma, orijinal Makroekonomik Performans Endeksi MPE ve İşgücü Piyasası Düzenlemeleri Endeksi İPDE kullanılarak Türkiye için 1980-2021 yıllarını değerlendirmektedir. Magic Hypercube MH yöntemi ile ölçülen MPE, ekonomik büyümeyi, cari hesabı, enflasyonu ve işsizliği içerir. İPDE, asgari ücret, işe alım ve işten çıkarma düzenlemeleri, esnek ücret belirleme, saat düzenlemeleri, işçi çıkarma maliyetleri, zorunlu hizmet ve yabancı işgücü gibi yedi boyuta dayalı olarak işgücü piyasası düzenlemelerinin esnekliğini veya katılığını yansıtan bir bileşik endekstir. Genel olarak, denilebilir ki 1980-2021 yılları arasında, Türkiyenin makroekonomik performansı işgücü piyasası düzenlemeleri ile ilgisizdir; yani, Türkiyenin MPEsinin İPDEye çok da bağlı olmadığı görülmektedir. En azından, neoklasik görüşün beklentilerini doğrulayan hiçbir bulgu olmadığı söylenebilir; aksine, tam tersi geçerli gibi görünmektedir. Bazı seçilmiş ülkelerin MPE ve İPDE performanslarının 1990-2021 dönemi için kıyaslaması yapıldığında benzer çıkarımlara varılmıştır.

Makale detayları

The Evaluation of Türkiye’s Labour Market Regulations Together with Its Macroeconomic Performance with a Comparison of Some Selected Countries’ Performances

Yazarlar:

Ayça Sarıalioğlu Hayali | Djallel Aımar | Mohammad Mansoor Lodın

Yayıncı:

Gumushane University

Ana Başlıklar:

Makro İktisat (Diğer) | Uluslararası İktisat (Diğer)

Dergi:

Gümüşhane Üniversitesi Sosyal Bilimler Dergisi Vol.15 Issue 3, pp.809-829

Belge Tipi:

Makale

Yayın Tarihi:

8/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001326852

pISSN:

1309-7423

Labor Market Regulations

Macroeconomic Performance

Magic Hypercube

Türkiyeİşgücü Piyasası Düzenlemeleri

Makroekonomik Performans

Magic Hypercube

Türkiye

Sayı

Makale detayları

Yazarlar: Ayça Sarıalioğlu Hayali | Djallel Aımar | Mohammad Mansoor Lodın

Yayıncı: Gumushane University

Ana Başlıklar: Makro İktisat (Diğer) | Uluslararası İktisat (Diğer)

Dergi: Gümüşhane Üniversitesi Sosyal Bilimler Dergisi Vol.15 Issue 3, pp.809-829

Belge Tipi: Makale

Yayın Tarihi: 8/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001326852

pISSN: 1309-7423

Sayı

Yazarlar:

Ayça Sarıalioğlu Hayali | Djallel Aımar | Mohammad Mansoor Lodın

Yayıncı:

Gumushane University

Ana Başlıklar:

Makro İktisat (Diğer) | Uluslararası İktisat (Diğer)

Dergi:

Gümüşhane Üniversitesi Sosyal Bilimler Dergisi Vol.15 Issue 3, pp.809-829

Belge Tipi:

Makale

Yayın Tarihi:

8/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001326852

pISSN:

1309-7423