Backward bending structure of Phillips Curve in Japan, France, Turkey and the U.S.A.
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2018, Vol 31, Issue 1
Abstract
This work aims to analyse the cointegration and the causality relationship between inflation and unemployment by using nonlinear A.R.D.L. and two popular nonlinear causality tests for the period from 1960 to 2016 in Japan, Turkey, the U.S.A. and from 1970 to 2016 in France. This study complements the previous empirical papers. However, it differs from the existing literature with simultaneous use of nonlinear A.R.D.L. and causality methods. Nonlinear A.R.D.L. determined that there is a long run relationship between inflation and unemployment; between economic growth and unemployment for Japan, France, the U.S.A. and Turkey.
Authors and Affiliations
Melike Bildirici, Fulya Ozaksoy Sonustun
Keywords
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- EP ID EP538173
- DOI 10.1080/1331677X.2018.1441046
- Views 47
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