According to the sectoral shifts hypothesis of Gallen (1982), fluctuations in labor demand across sectors are responsible for a substantial fraction of the variation in unemployment. The main purpose of this paper is to ...

This study aims to investigate that whether Sutton's predictions for sunk cost industries are robust for Turkish manufacturing industries using a panel data set. In this respect, the bounds are estimated as stochastic ...

According to common interpretation of Okun Law, the main reason for increase in unemployment rate is deficiency in aggregate demand and low capacity utilization rates. In other words, this Law states a negative relation ...