International Conference on Eurasian Economies
2-4 September 2020 – Baku - AZERBAIJAN
Paper properties
Paper ID : 2359
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Asst. Prof. Dr. Zamira Oskonbaeva
Presentation Location : Manas
Session : 5A Orta Asya Ekonomileri
The Relationship between Economic Growth and Misery Index: Evidence from Transition Countries
İktisadi Büyüme ve Sefalet Endeksi Arasındaki İlişki: Geçiş Ülkeleri Örneği
- Prof. Dr. Ebru Çağlayan Akay (Marmara University, Türkiye)
- Asst. Prof. Dr. Zamira Oskonbaeva (Kyrgyz-Turkish Manas University, Kyrgyzstan)
Abstract
Unemployment and inflation, the main components of the misery index, continue to be vital macroeconomic problems, which draw researchers’ attention both in developed and developing countries. The study investigates the interaction among economic growth and misery index in the selected transition countries using Panel ARDL. In the study, annual data for the period of 1996-2017 of selected 16 transition countries are used. The findings of the study show that there is a long-run relationship between the misery index and economic growth. In other words, it can be concluded that economic misery deteriorates economic growth. If the economy is to be sustainably improved, the misery index should be taken into account. The government needs a policy of decreasing inflation and unemployment, which is one of the fundamental macroeconomic policy priorities. This study may provide policy-makers with new insights to evaluate the role of economic misery in enhancing economic growth in transition countries.
JEL codes: C49, O40, O47
Çağlayan Akay, Ebru, Oskonbaeva, Zamira (2020). "The Relationship between Economic Growth and Misery Index: Evidence from Transition Countries" in Proceedings of International Conference of Eurasian Economies 2020, pp.130-135, Baku - AZERBAIJAN.
DOI: https://doi.org/10.36880/C12.02359
Session 5A: Orta Asya Ekonomileri
