International Conference on Eurasian Economies
11-13 October 2012 – Almaty, KAZAKHSTAN
Paper detail
Paper ID : 442
Status : Paper published
Language : Turkish
Topic : Regional Economics
Presenter: Prof. Dr. Ekrem Erdem
Session : 3B Orta Asya Ekonomileri
Economic Freedom and Employment in Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey: A Panel Data Analysis
Azerbaycan, Kazakistan, Kırgızistan ve Türkiye'de İktisadi Özgürlük ve İstihdam İlişkisi: Bir Panel Veri Analizi
- Prof. Dr. Ekrem Erdem (Erciyes University, Türkiye)
- Assoc. Prof. Dr. Can Tansel Tuğcu (Akdeniz University, Türkiye)
Abstract
Although there exists a few contrary empirical results, the link between economic freedom and growth is usually accepted as positive. Since, employment is a variable which moves together with GDP and it is accepted as one of the preconditions of economic growth; one can simply assume that the anticipated relation between economic freedom and employment is positive, too. This study aims at investigating the preassumed relationship between economic freedom and employment in the Turkic Republics by covering panel data of the period 1998-2010. To this end, economic freedom index of considered countries regressed over employment indicators (i.e. total employment level and labor participation rate) and found positive relationship between economic freedom and employment. A percent increase in the degree of economic freedom raises total emploment level and labor participation rate by 0.23% and 0.15%, respectively. These findings imply that if the governments of considered countries wish higher employment levels, they should give more importance on economic freedom.
JEL codes: E24
Erdem, Ekrem, Tuğcu, Can Tansel (2012). "Economic Freedom and Employment in Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey: A Panel Data Analysis" in Proceedings of International Conference of Eurasian Economies 2012, pp.207-211, Almaty, KAZAKHSTAN.
DOI: https://doi.org/10.36880/C03.00442
Session 3B: Orta Asya Ekonomileri
