Edited By Rasim Yilmaz and Günther Löschnigg
This volume is a collection of empirical and theoretical research papers in the social sciences regarding the Balkans and the Near East written by researchers from several different universities and institutions. The studies include a wide range of topics from economic, financial, political, agricultural, sociological, international relations to historical, cultural, and feminist issues in the region of the Balkan and Near East. The book is aimed at educators, researchers, and students interested in the Balkan and Near Eastern countries.
A Research about Labor Force Participation Rate and Growth Data (Bilal Kargi / Nuri Baltaci)
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Bilal Kargi1 and Nuri Baltaci2
A Research about Labor Force Participation Rate and Growth Data3
The classic wage fund theory claims that workers remain at the subsistence wage level in the long run. On the other hand, Marxist theory explains the similar phenomenon utilizing the concept of “reserve labor force”. Keynes stated that wages are sticky on downwards since of union effects as against the two explanations and their derivatives about wage prices are not sticky. With the decrease in the general level, absorbing the prices, which will be caused by the demand insufficiency created by the decrease in the money wages which can be brought through the increase in the labor force supply, it is considered that such prices will not have an effect over the reel prices. On the other hand, today “natural unemployment” is on the agenda which is considered as the sufficient unemployment level which is utilized to take control of the inflation rate. In short, in addition to that the increase in the labor force is the reason for economic growth within the economic theory. On the other hand this is one of the most comprehensive problems which could not solve how the increase in the labor force supply which is contradicted to the growth logic is associated with the optimal and long-run growth. On the other hand, while the condition that the labor force participation rate is equal to the growth rate should keep...
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