Validity of the Phillips Curve in the Agricultural Sector and Asymmetric Effects: The Case of Türkiye

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dc.contributor.authorKoktas, Altug Murat
dc.contributor.authorOzuyar, Sevilay Ece Gumus
dc.contributor.authorApaydin, Sukru
dc.contributor.authorAkcan, Ahmet Tayfur
dc.contributor.authorYilmaz, Mustafa
dc.date.accessioned2024-02-23T14:32:07Z
dc.date.available2024-02-23T14:32:07Z
dc.date.issued2023
dc.departmentNEÜen_US
dc.description.abstractAlthough the employment share of agriculture, which has historically been the main job creator sector, has decreased over time, it still plays an essential role in newly industrializing countries such as Turkiye. However, the depth of the decline in employment is due to the economic impact of agriculture rather than its share of GDP. One way to measure this effect is to adapt the Phillips curve (PC) for the agricultural sector. Therefore, the aim of this study is to investigate the validity of the Phillips curve in the Turkish agricultural sector and the short- and long-term linear and non-linear relationships caused by shocks on unemploymentinflation. The study was conducted via the augmented Dickey -Fuller, Phillips -Perron, and Zivot-Andrews unit root tests as well as the autoregressive distributed lag model (ARDL) and the nonlinear autoregressive distributed lag model (NARDL) via the Turkish Statistical Institute's (TURKSTAT) 2014Q1 -2021Q3 dataset. The cointegration coefficient was negative, yet statistically significant. Also, the short-term imbalances were eliminated, and the system converged to the equilibrium values in the long -run with significant fluctuations. The long -run negative cointegrated relationship and PC validity in negative shocks are the most significant results of the study.en_US
dc.identifier.doi10.15832/ankutbd.1199311
dc.identifier.endpage1031en_US
dc.identifier.issn1300-7580
dc.identifier.issn2148-9297
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85176096705en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage1018en_US
dc.identifier.urihttps://doi.org/10.15832/ankutbd.1199311
dc.identifier.urihttps://hdl.handle.net/20.500.12452/15506
dc.identifier.volume29en_US
dc.identifier.wosWOS:001156144300002en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherAnkara Univ, Fac Agricultureen_US
dc.relation.ispartofJournal Of Agricultural Sciences-Tarim Bilimleri Dergisien_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectInflationen_US
dc.subjectUnemploymenten_US
dc.subjectArdl-Nardlen_US
dc.subjectNegative Shocksen_US
dc.subjectNegative Long-Run Cointegrationen_US
dc.titleValidity of the Phillips Curve in the Agricultural Sector and Asymmetric Effects: The Case of Türkiyeen_US
dc.typeArticleen_US

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