Year: 2016
Type: article
Abstract: This paper aims to analyze Post-Keynesian Phillips Curve by using non-linear ARDL approach and non-linear Granger causality method for the period from 1957 to 2015 in Canada. This study is differed from other empirical paper by using non-linear ARDL method which determined there is long-run asymmetric relationship between the selected macroeconomic variables for Canada. Canada exhibits bi-directional causality relationship between inflation-unemployment, unemployment-economic growth and inflation-economic growth which refers that the country has flexible labor market.
Source: Procedia Economics and Finance
Authors: Melike Bildirici, Fulya Özaksoy
Institutions: Yıldız Technical University, Doğuş University
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2425529276