International Conference on Eurasian Economies
5-7 October 2017 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 1985
Status : Paper published
Language : Turkish
Topic : Regional Economics
Presenter: Asst. Prof. Dr. Mahmut Erdoğan
Session : 2B Büyüme II
Homeownership and Unemployment: A Test of the Oswald Hypothesis in Turkey
Ev Sahipliği ve İşsizlik: Oswald Hipotezinin Türkiye için Test Edilmesi
- Asst. Prof. Dr. Mahmut Erdoğan (Kyrgyz-Turkish Manas University, Kyrgyzstan)
- Asst. Prof. Dr. Dastan Aseinov (Kyrgyz-Turkish Manas University, Kyrgyzstan)
Abstract
According to traditional related literature homeownership is considered as indicator of economic welfare. While unemployment has raised as major economic issue of the last century. Is there a link between unemployment and homeownership? Regarding this question Oswald hypothesis has been tested for several economies in literature. The aim of this study is to investigate Oswald hypothesis using cross-sectional data set for 81 province of Turkey. To the best of our knowledge it is the first study that tests the Oswald Hypothesis for Turkey taking into account spatial dependency among regional unemployment rates. Empirical results show that home ownership has a negative and significant effect on unemployment. However, the results of this study is contradict with Oswald Hypothesis.
JEL codes:
Erdoğan, Mahmut, Aseinov, Dastan (2017). "Homeownership and Unemployment: A Test of the Oswald Hypothesis in Turkey" in Proceedings of International Conference of Eurasian Economies 2017, pp.177-185, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C09.01985
