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Backward bending structure of Phillips Curve in Japan, France, Turkey and the U.S.A

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  • Melike E. Bildirici
  • Fulya Ozaksoy Sonustun

Abstract

This work aims to analyse the cointegration and the causality relationship between inflation and unemployment by using nonlinear A.R.D.L. and two popular nonlinear causality tests for the period from 1960 to 2016 in Japan, Turkey, the U.S.A. and from 1970 to 2016 in France. This study complements the previous empirical papers. However, it differs from the existing literature with simultaneous use of nonlinear A.R.D.L. and causality methods. Nonlinear A.R.D.L. determined that there is a long run relationship between inflation and unemployment; between economic growth and unemployment for Japan, France, the U.S.A. and Turkey.

Suggested Citation

  • Melike E. Bildirici & Fulya Ozaksoy Sonustun, 2018. "Backward bending structure of Phillips Curve in Japan, France, Turkey and the U.S.A," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 31(1), pages 537-549, January.
    • Handle: RePEc:taf:reroxx:v:31:y:2018:i:1:p:537-549
    DOI: 10.1080/1331677X.2018.1441046
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    Cited by:

    1. Onatunji Olufemi Gbenga & Adejumo Oluwabunmi Opeyemi & Olabode Oluwayinka Samuel, 2024. "A new perspective on the asymmetric Phillips curve: Fresh evidence from ECOWAS member countries," Zagreb International Review of Economics and Business, Sciendo, vol. 27(1), pages 115-135.

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