Erünlü, ZeynepGüneri, BarbarosErünlü, Zeynepİktisat2024-04-292024-04-292020Güneri, Barbaros; Erünlü, Z. (2020). "The Effects of Trade Liberalization and Export Diversification on Unemployment: An Empirical Analysis", Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Vol.10, No.2, pp.617-638.2147-4206https://hdl.handle.net/20.500.12416/8082This study investigates the effects of trade liberalization and export diversification on unemployment rate for a group of OECD countries for the period between 1991 and 2014. Using several liberalization and export diversification indices as well as various control variables, the results of the empirical analysis show that as countries engage more in international trade and diversify their export baskets, unemployment rate decreases. Thus, it can be argued that OECD countries should follow policies that are in favor of trade liberalization rather than protectionism. Moreover, diversification of export baskets instead of specialization is of great importance in decreasing the unemployment rate.eninfo:eu-repo/semantics/openAccessPanel DataTrade LiberalizationTrade OpennessEconomic GlobalizationExport DiversificationUnemployment RateArticle102617638