International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

An Analysis of Unemployment Determinants in BRIC Countries
Betul GUR

Unemployment is one of the main problems in the world economy today. Many countries at different levels of development are trying to cope with this problem. Economic growth, population, inflation rate, interest rates, changes in exchange rates and various other factors cause unemployment. Unemployment arises for different reasons in each country. The aim of this study is to examine the factors that affect unemployment in the recently attention-grabbing BRIC countries (Brazil, Russia, India and China). The study covers the 2001-2012 period. Panel data analysis is employed as the research method. Data is taken from the World Bank, the OECD and Bloomberg databases. According to the analysis results, the most important cause of increasing unemployment in the BRIC countries is inflation followed by population growth. Respectively, gross domestic product growth, trade volume, total investment and industrial product growth are the main economic factors that lead to the reduction of unemployment.

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