Research Article

Comparative Analysis of Employment and Foreign Trade Data of Russia and Turkey by Year

Authors

  • Murat BİLGİN International Travnik Unıversity, Law Department. Aleja Konzula – Travnik, Bosnia And Herzegovina

Abstract

This research aimed to compare the relationships between unemployment rates and foreign trade data of Türkiye and Russia. In the research, unemployment and foreign trade data from the Country Reports provided by the World Bank for Turkey and Russia were used for the years 2002-2023. Descriptive scanning and relational scanning analyses of the data were performed. The unemployment rate in Turkey had a 10.91±1.30 mean with a 9.21-14.03 range. In Russia, the unemployment rate mean was 5.99±1.41 with a 3.08-8.30 range. The export rate in Russia was significantly higher than Türkiye (p<0.05). Unemployment and import mean values were significantly higher in Türkiye (p<0.05). The correlation between unemployment and foreign trade was insignificant in Türkiye (p>0.05). The correlation between unemployment with export (r=0.554; p<0.01) and import (r=0.609; p<0.01) was significant for Russia. Although foreign trade is not directly associated with employment due to its relationship with finance and other sectors, foreign trade positively affects unemployment in Russia. In Turkey, unemployment is not significantly related to foreign trade.

Article information

Journal

Journal of Economics, Finance and Accounting Studies

Volume (Issue)

6 (6)

Pages

01-04

Published

2024-10-27

How to Cite

Murat BİLGİN. (2024). Comparative Analysis of Employment and Foreign Trade Data of Russia and Turkey by Year. Journal of Economics, Finance and Accounting Studies , 6(6), 01-04. https://doi.org/10.32996/jefas.2024.6.6.1

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Keywords:

Unemployment, export, import, Russia, Türkiye