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. To make further progress in the process, several 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 leading macroeconomic indicators: unemployment. Secondly, through the estimation of dynamic econometric models, to analyze the possible differences in the evolution of unemployment in Türkiye and the EU27, depending on variables such as per capita income, population, inflation, investment, or public debt. Furthermore, what has been the effect that relevant events such as the Great Depression of 2008 and the pandemic have had on unemployment?