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Turkey has the lowest hours worked (the product of total employment and annual hours per worker, divided by the size of … growth model accounts for the decline in total hours worked during 1998-2009 in Turkey. Hours worked increased in Turkey …-varying taxes on consumption and labor play significant roles in explaining the hours worked in Turkey. The subsistence term is …
Persistent link: https://www.econbiz.de/10010941436
We pursue a two-fold objective in this paper. First, we try to describe comprehensively the behaviour of sectoral growth cycles in Turkish manufacturing by using several statistical measures and to analyse the co-movement between them via correlation and peak-through analysis. One of the...
Persistent link: https://www.econbiz.de/10008694921
In this paper, we make a detailed spectral analysis of the comovement of cycles of Turkish economy with cycles of euro area and the US. Relation between cycles may change with frequency, hence correlation of cycles at short, medium and long run may differ. Also, the correlation in different...
Persistent link: https://www.econbiz.de/10010941475