The Relationship of Youth Unemployment with Some Macro-Economic Indicators in Türkiye
Chapter from the book:
Alpağut,
S.
(ed.)
2023.
Economics and Finance Studies.
Synopsis
The rate of young unemployment in Turkey has been increasing in recent years. Young unemployment is an important component of economic growth. Therefore, the determination of macroeconomic factors affecting it is of great importance in determining economic policies to be applied to prevent unemployment and increase employment. For this reason, the study was analyzed by ARDL method for the 1991 and 2020 data period. The results are that the increases in national income in the short term decrease young unemployment. In the long term, it has been found that inflation and increases in national income reduce youth unemployment, and increases in the exchange rate increase youth unemployment.The results are consistent with the literature and theory. Although the effects of the exchange rate on general unemployment have been studied extensively in the literature, the relationship between youth unemployment and the exchange rate has been the subject of this study for the first time as far as it can be determined. In this context, it is aimed to ensure contribute to the literature. It is thought that this positive relationship between the exchange rate and youthunemployment should be taken into account in employment policies