An Application on the Impact of 2008 Crisis and Unemployment: N-11 Countries

The global financial crisis has adversely affected all world economies. Due to the global financial crisis that took place in 2008, not only did the economic system not be adversely affected, but at the same time it was observed to have had extremely devastating effects on social and culturel life. The effects of the global financial crisis on the Unemployment and the unemployment hysteria effect after the great recession were investigated in this study. The aim of this study is to examine the change in before and after the great Recession were unemployment rates in the N-11 countries, which are expected to have a significant share in the world economy in the future. For this purpose Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Pakistan, Nigeria, Philippines, Vietnam and Turkey among them found found to be broken using the 1991-2017 year of Unemployment data for eleven countries Augmented Dickey Fuller (ADF) test was applied. As a result of the carried out in the research, it has been found that the Unemployment rates of Iran, Pakistan, Philippines and Nigeria are stable and that the increase in Unemployment rates after the great Recession for countries has a lasting effect. Bangladesh, Mexico and South Korea have Unemployment rates that are not stationary, and that the series contain unit roots