Author/Authors
şahin, güller inönü üniversitesi - sbe iktisat abd, turkey , yilmaz, zeki dumlupınar üniversitesi - iibf, turkey
Title Of Article
The Correlation between National Income and Wage in Turkey Economy
شماره ركورد
19796
Abstract
The objective of the study is to examine the correlation between the national income and wages in Turkey economy within the sampling period of 2002Q1-2015Q4. Toward this objective, the correlation between time series of 56 observation were analysed using Engle-Granger and Johansen cointegration testing in the long term and Error Correction Model in the short term. Findings obtained through cointegration testing for the correlation reflecting long term between the national income and the wages; allow creating a single cointegrated equation among variables. The finding of long term correlation has allowed us to conclude that there was a trend of variables parallel variation. Error Correction Model has been established to determine the degree of consequent cointegration and its speed of occurrence. The obtained -0.391 error term coefficient indicate that approximate %4 of 1 unit deviation on the short term disparity get better in the following period.
From Page
706
NaturalLanguageKeyword
Turkey Economy , Cointegration Tests , Error Correction Model
JournalTitle
Gaziantep University Journal Of Social Sciences
To Page
719
JournalTitle
Gaziantep University Journal Of Social Sciences
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