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Author: Aysu İnsel Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper examines the roles and interrelationships among the main macroeconomic variables, namely the exchange rate, inflation rate, interest rate and real GDP in Turkey. It provides a descriptive data analysis in order to understand the behaviour of each variable and to explain the relationship between them. The data analysis has been performed considering the original and the decomposed variables over the five periods: 1987:01-2007:12; 1987:01-1994:03; 1994:04-2001:01; 2001:02-2007:12; and 2002:10-2007:12. Different lengths of the sample periods are selected for each variable covering the economic crises and different policy applications in order to compare the reasons and the consequences of different economic policy applications on these variables. It is concluded that the distribution of economic series is changing from one period to another. The contribution of this paper is to develop a base for econometric model construction for the Turkish economy all the way through their contemporaneous and causal relationship for different sub-sample periods. -- Inflation rate ; Exchange rate ; Interest rate ; Real GDP ; Descriptive data analysis ; Turkey
Author: Aysu İnsel Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper examines the roles and interrelationships among the main macroeconomic variables, namely the exchange rate, inflation rate, interest rate and real GDP in Turkey. It provides a descriptive data analysis in order to understand the behaviour of each variable and to explain the relationship between them. The data analysis has been performed considering the original and the decomposed variables over the five periods: 1987:01-2007:12; 1987:01-1994:03; 1994:04-2001:01; 2001:02-2007:12; and 2002:10-2007:12. Different lengths of the sample periods are selected for each variable covering the economic crises and different policy applications in order to compare the reasons and the consequences of different economic policy applications on these variables. It is concluded that the distribution of economic series is changing from one period to another. The contribution of this paper is to develop a base for econometric model construction for the Turkish economy all the way through their contemporaneous and causal relationship for different sub-sample periods. -- Inflation rate ; Exchange rate ; Interest rate ; Real GDP ; Descriptive data analysis ; Turkey
Author: Mustafa Ege Yazgan Publisher: ISBN: Category : Languages : en Pages : 10
Book Description
This paper estimates the IS curve of the Turkish economy for the monthly period over 1996M1-2007M11 by using GMM. It is found that, when a structural small open economy model is used and data are constructed carefully, forward-looking IS curve works perfectly in Turkey, which is against the IS puzzle. Moreover, as opposed to the literature which usually assumes an ad hoc unit coefficient of relative risk aversion or estimates it below unity for developed countries, this paper estimates the same coefficient as 1.89 implying that one percent of a cyclical movement of the real interest rate above its natural rate leads to a 1.89% decrease in output gap. This shows that the Turkish economy is more sensitive to changes in real interest rate compared to developed countries. The empirical results are supported by recently developed statistics that are immune to the issue of weak identification.
Author: Shu-Heng Chen Publisher: Oxford University Press ISBN: 0199844372 Category : Business & Economics Languages : en Pages : 785
Book Description
The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.
Author: Serdar Sayan Publisher: Routledge ISBN: 1134072201 Category : Business & Economics Languages : en Pages : 304
Book Description
The economies of the Middle East and North Africa (MENA) region are in dire need of substantial institutional reform to improve their growth performance so as to create enough jobs for millions of entrants into their respective job markets, and to fight poverty and income inequality. This is necessary not only to reduce the risk of social unrest and domestic/regional conflicts, but also to assure stability of energy supply to the rest of the world and to hamper the violence originating from the region. So, the region's convergence to global standards of governance quality is desirable for increased prosperity and stability both in the region and outside. This volume contributes to the recently burgeoning political economy literature on institutions by putting together well-written chapters that empirically study the relationship between economic performance and institutional characteristics in MENA economies to point out some of the areas where institutional reform is particularly needed and possible tools to use for such reform. Perhaps one common lesson that can be derived from all chapters in the volume is that the both the region itself and the global economy will benefit from a MENA region that is better integrated to the rest.
Author: Sakiko Fukuda-Parr Publisher: Routledge ISBN: 1317519183 Category : Business & Economics Languages : en Pages : 285
Book Description
Economic and financial crises have become perennial features of today’s global economy. Macroeconomic theories of crisis, including the global crisis that unfolded in 2008, emphasize the role of financial deregulation; capital flow imbalances; and growing debt, fueled by income and wealth inequality. These approaches tend to be divorced from feminist thinking which analyzes broader distributional dynamics transmitted through structural channels and government policy responses, with an emphasis on gender, race, class and ethnicity. This volume brings together innovative thinking from heterodox macroeconomists and feminist economists to explore the causes, consequences, and ramifications of economic crises. By doing so, it highlights aspects of the economy that are frequently overlooked or ignored, such as the impact of crises on the vast amount of unpaid work which women perform relative to men.? The collection of international studies assembled here takes an innovative approach to analyzing a range of issues, from the subprime mortgage crisis to the gendered effects of austerity to the role of the International Monetary Fund in governing an unstable global economy. In so doing, it looks beyond causes and consequences and points to new directions for macroeconomic and financial policy. This book was originally published as a special issue of Feminist Economics.
Author: Kerem Gökten Publisher: IJOPEC PUBLICATION ISBN: 1912503689 Category : Business & Economics Languages : en Pages : 435
Book Description
There is a strong view that economics is the academic discipline that best represents the claim of positive science among social sciences. Economics has undergone significant transformations after its emergence as a science. Despite all these transformations, the feature containing positive and normative elements has not changed. While economists from the political economy tradition focus on qualitative studies that relate to other social sciences, especially political science and history, a group of economists adopt the qualitative methods of natural sciences to analyze economic problems. There is a debate among economists on how to understand social reality and what kind of science the economy should be. Business is a discipline that has declared its relative independence from economics over time. Business is a research field that encompasses a wide range of areas ranging from organizational behavior of individuals to the firm’s production and marketing strategies. This book contains articles on essential topics related to these disciplines, which have an in- separable relationship between them. Academicians contributing to the book have produced works on current topics of discussion as well as key subjects that remain important in economics and management.
Author: Aysu İnsel
Author: Aysu İnsel
Author: Ercan Uygur
Author: Mustafa Ege Yazgan
Author: Shu-Heng Chen
Author: Ahmet Niyazi ÖZKER
Author: Ercan Uygur
Author: Serdar Sayan
Author: Sakiko Fukuda-Parr
Author: Tuncer Bulutay
Author: Kerem Gökten