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Journals / Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2020 / Cilt: 10 - Sayı: 2

The Effects of Trade Liberalization and Export Diversification on Unemployment: An Empirical Analysis

Ticaret Liberalizasyonu ve İhracat Çeşitlendirmesinin İşşizliğe Etkisi : Ampirik bir Analiz

Barbaros GUNERİ
Zeynep ERÜNLÜ
Pages
617–638
Publication Date
2020-12-25
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Moreover, diversification of export baskets instead of specialization is of great importance in decreasing the unemployment rate.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study investigates the effects of trade liberalization and export diversification on total unemployment for a group of OECD countries for the period between 1991 and 2014.
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Key Findings & Data:In the empirical analysis, several liberalization and export diversification indices as well as various control variables are used and it is found that as countries engage more in international trade and diversify their export baskets, unemployment rate decreases.
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Conclusion & Impact:Moreover, diversification of export baskets instead of specialization is of great importance in decreasing the unemployment rate.
🔬Design:Research Article
📍Scope:2014 Verileri
⚙️Variables:Panel Data · Trade Liberalization · Trade Openness

Abstract

This study investigates the effects of trade liberalization and export diversification on total unemployment for a group of OECD countries for the period between 1991 and 2014. In the empirical analysis, several liberalization and export diversification indices as well as various control variables are used and it is found that as countries engage more in international trade and diversify their export baskets, unemployment rate decreases. Thus, it can be argued that OECD countries should follow policies that are in favor of trade liberalization rather than protectionism. Moreover, diversification of export baskets instead of specialization is of great importance in decreasing the unemployment rate.

Özet

Bu çalışma, ticaret liberalizasyonu ve ihracat çeşitlendirmesinin toplam işsizlik üzerindeki etkisini bir grup OECD ülkesi için 1991-2014 yılları arasında incelemektedir. Ampirik analizde, liberalizasyon ve ihracat çeşitlendirmesi endekslerinin yanı sıra çok sayıda kontrol değişkeni kullanılmış olup, ülkelerin uluslararası ticaretlerini artırdıkça ve ihracat sepetlerini çeşitlendirdikçe işsizlik oranlarının azaldığı bulunmuştur. Dolayısıyla, OECD ülkelerinin korumacılıktan ziyade ticaretin serbestleştirilmesi lehine politikalar izlemeleri gerektiği söylenebilir. Ayrıca, ihracat sepetlerinin uzmanlaşma yerine çeşitlendirilmesi, işsizlik oranının azaltılmasında büyük önem taşımaktadır

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Cite This Article

GUNERİ, B., ERÜNLÜ, Z. (2020). The Effects of Trade Liberalization and Export Diversification on Unemployment: An Empirical Analysis. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 10 - Sayı: 2, 617–638. https://ajindex.com/articles/216892

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