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Yayın Employment intensity of economic growth in Southern Europe: evidence from multidimensional panel data(2023-06-26) Görkey, Selda; Şen Taşbaşı, AslıThis paper examines the employment intensity of economic growth in Southern Europe during the so-called “post-crisis” recovery years. A labor demand estimation model based on multidimensional panel data from 2010 to 2019 was utilized. Findings from our macroeconomic analysis of eight different industries refute the predictions of neoclassical labor theory in the region. The results further indicate the presence of jobless growth in the areas of overall employment, fulltime employment, and overall employees. They also signal that economic growth may have created job opportunities in part-time and youth employment, and among temporary employees, rather than full-time jobs. The paper links these findings to particular characteristics of the regional labor market, discusses their.Yayın Government expenditure and economic growth in Central and Eastern European economies: a panel ARDL approach(İstanbul Okan Üniversitesi, 2023-03) Görkey, SeldaThis study investigates the relationship between government expenditure and economic growth with a primary concern of focusing on the long-run effects. It uses the panel ARDL-PMG approach as an econometric methodology for 11 Central and Eastern Europe (CEE) economies from 1995 to 2019. The findings from the empirical analysis indicate a significant long-run relationship between the two macroeconomic variables; however, the relevant relationship is estimated negatively. The findings for the short-run effects for the whole panel and country-specific estimations also confirm that higher government expenditure results in a statistically significant decline in real GDP per capita. Thus, the findings of this study do not empirically validate the Keynesian theory for 11 CEE economies covered in the research over the 1995-2019 period.Yayın Causal links between patents and economic growth: empirical evidence from OECD countries(Universidade Nove de Julho-UNINOVE, 2024-08) Özkan Yıldız, Öznur; Görkey, SeldaObjective of the Study: This paper empirically investigates the reciprocal relationship and causality between patents and economic growth. Methodology/Approach: Utilizing the Generalized Method of Moments (GMM) Panel Vector Autoregression (PVAR) and panel VAR-Granger Causality frameworks, the study concentrates on Organisation for Economic Co-operation and Development (OECD) economies where a high fraction of global innovative activities take place. Originality/Relevance: The relationship and causality between patents and economic growth are investigated and evaluated by distinguishing the former variable into patent applications and grants. Main Results: The findings from the GMM panel VAR approach indicate that patent applications and grants significantly affect economic growth, whereas economic activities do not influence patent-related variables. The estimations from the panel VAR-Granger approach confirm these findings by presenting a unidirectional causality from patent applications and grants to economic growth. The impulse-response functions (IRFs) exhibit parallel findings, and further checks validate the stability of the findings obtained. The outcomes of this study point out two crucial implications. First, the impacts of patent applications and grants affect economic growth similarly while the impact of patent grants lasts longer. Second, while patents cause higher economic activity, the latter does not induce innovative activity through patents in the OECD. Theoretical/Methodological Contributions: It would be useful to conduct separate analyses for a selected product, sector, or country by including research and development (R&D) expenditures for different periods, country groups, and analysis methods. Social/Management Contributions: Countries should prioritize the establishment of an effective patent management system that will increase the pace of innovation and the implementation of incentive policies for the development of high-value-added technology products.
