Non-Linear Analysis of Post Keynesian Phillips Curve in Canada Labor Market

Bildirici M. E., Ozaksoy F.

5th Istanbul Conference of Economics and Finance, İstanbul, Türkiye, 6 - 07 Haziran 2016, cilt.38, ss.368-377 identifier

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Cilt numarası: 38
  • Doi Numarası: 10.1016/s2212-5671(16)30209-x
  • Basıldığı Şehir: İstanbul
  • Basıldığı Ülke: Türkiye
  • Sayfa Sayıları: ss.368-377
  • Anahtar Kelimeler: MURI, Non-linear ARDL, Augmented Non-linear Granger Causality, STOCK-PRICES, INFLATION, WAGE, UNEMPLOYMENT, GROWTH, VOLUME, LEVEL
  • Yıldız Teknik Üniversitesi Adresli: Evet

Özet

This paper aims to analyze Post-Keynesian Phillips Curve by using non-linear ARDL approach and non-linear Granger causality method for the period from 1957 to 2015 in Canada. This study is differed from other empirical paper by using non-linear ARDL method which determined there is long-run asymmetric relationship between the selected macroeconomic variables for Canada. Canada exhibits bi-directional causality relationship between inflation-unemployment, unemployment-economic growth and inflation-economic growth which refers that the country has flexible labor market. (C) 2016 The Authors. Published by Elsevier B.V.