Search

There are studies examining the relationship between real wage, inflation and labor productivity in the economic literature. Increase in real wages causes to an increase in labor productivity. On the other hand, productivity increases also induce inflation to fall. Therefore, the aim of this study is to investigate the relationship between real wage, inflation and labor productivity in the 22 OECD countries (Australia, Belgium, Canada, Chile, Czech Republic, France, Greece, Hungary, Japan, Korea, Latvia, Luxembourg, Mexico, Netherlands, New Zealand, Poland, Portugal, Slovak Republic, Slovenia, Spain, Turkey, United States) in the period of 1995-2017 by panel data methods. According to results, the cointegration relationship between real wage, inflation and labor productivity was found. In addition, mutual causality was determined between the variables we discussed.

Economics is the art of providing unlimited human needs with scarce resources as it comes to teaching. Very few of these resources have been used in such a way that they are ready in nature. Almost all of the goods and services that can meet the needs are obtained by the application of human labor (labor force) and capital to commodity. In recent years, labor capital and commodity factors were first added to entrepreneurs and then technology. Thus, the system we call the production process emerges. This study based on the information economy, the information economics indicator with Turkey's latest data is intended to demonstrate the performance. First of all, after the conceptual framework of the information economics, its distinctive qualities and development process, the effects of these developments on societies and economies will be evaluated. For the intended purpose, indicators such as R&D activities and R&D personnel employment, patent application and registration numbers, number of scientific publications and access to information were examined in Turkish economy. Finally, Turkey made the comparison with developed countries in economic terms and has been observed that the desired level of the Turkish economy in terms of the information economics.