Has the Great Recession and the Pandemic been one of the Triggers for the rise in Unemployment? A Comparative analysis: Türkiye & EU27

Abstract

In 1999 the European Council celebrated in Helsinki, on a proposal by the Commission, made Türkiye a candidate country for EU membership. In order to make further progress in the process, a number of reforms, both political and economic, had to be implemented. The aim of this paper is twofold. First, to study the evolution of one of the main macroeconomic indicators: unemployment. Secondly, through the estimation of dynamic econometric models, to analyse the possible differences in the evolution of unemployment in Türkiye and in the EU27, depending on variables such as per capita income, population, inflation, investment or public debt. And also, what has been the Keywords: Unemployment rate; Great Recession, Covid-19; macroeconomic variables; labour market policies.