Relationships among labour productivity, real wages and inflation in Turkey

Real wages, inflation, and labor productivity: Evidences from Bulgaria and Romania

“…Moreover, cointegration results showed that real wages and inflation cause productivity in a long run basis. Also, causality results showed that there is a unidirectional causal relationship from inflation to wages for Bulgaria and from wages to labor productivity for Romania (this result is in accordance with various studies such as Kumar et al (2009) andYildirim (2015). Thus, the theory of wage efficiency in Romania is confirmed.…”

“…The relationship between inflation and productivity showed a restricted statistical significance. Finally, Yildirim (2015) examined the relationships between productivity, real wages and inflation for a Turkish manufacturing industry using quarterly data for the period 1988-2012. Using cointegration technique and Granger causality he presented that inflation has larger influence on labor productivity rather than real wages.…”

Productivity as a Determinant of Labour Wage in New Zealand’s Construction Sector

“…For instance, it has been theoretically proved that because of decrease in purchasing power, inflation is likely to have a negative impact on productivity performance. Conversely, RW is found to be a motivating factor for the labour force, which ultimately positively influences productivity performance (Karaalp-Orhan, 2017;Yildirim, 2015).…”

“…Gang, F. Gang, & Yan, 2003) have examined the relationship between this sector's productivity performance and economic development. For instance, sufficient theoretical evidence shows that various economic parameters, such as the labour wage (LW) and unemployment rate, have either negative or positive effects on sector productivity (Yildirim, 2015). However, little attention has been paid to the impact of construction productivity on a particular economic parameter (Vergeer & Kleinknecht, 2007;Wakeford, 2004).…”

Krediye Erişim ve Toplam Tüketim Fonksiyonu

“…Buna göre, borçlanma kısıtlarıyla karşı karşıya olan bireylerin tüketimi cari gelire aşırı duyarlı [faiz oranındaki değişimlerin tüketim üzerinde etkisi yok] iken, borçlan-ma kısıtı olmayan bireylerin tüketimi sürekli gelire bağ-lıdır ve faiz oranındaki değişimler bu bireylerin tüketimi üzerinde etkiye sahiptir. 6 Gregory ve Hansen (1996) ve EG (1987 testlerine ilişkin daha kapsamlı açıklamalar için Yildirim (2015)'e bakınız." 7 Türkiye için toplam tüketim fonksiyonunun varlığı ayrıca diğer tek denklemli eş bütünleşme testleri (ARDL sınır testi, EG) ve sistem temelli eş bütünleşme testi (Johansen yaklaşımı) kullanılarak da sınanmıştır.…”