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Journals / Sosyoekonomi / 2018 / Cilt: 26 - Sayı: 35

The Effect of 2008 Global Crisis on Volatility of Private Pension Funds: A Case of Turkey

2008 Küresel Krizinin Bireysel Emeklilik Fonları Oynaklığı Üzerindeki Etkisi: Türkiye Örneği

Orkun ÇELİK
Elif ERER
Deniz ERER
Pages
139–152
Publication Date
2018-01-31
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This situation states that global financial crisis affected negatively private pension funds.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of study is to analysis the effect of global crisis on private pension system in Turkey.
📊
Key Findings & Data:This is covered 05.01.2014-18.11.2016 (Weekly) period and is employed by ARMA(9,8)- EGARCH(1,1) model.
💡
Conclusion & Impact:This situation states that global financial crisis affected negatively private pension funds.
🔬Design:Modeling & Simulation
📍Scope:2014 Verileri
⚙️Variables:Küresel Kriz · Tasarruf · Bireysel Emeklilik

Abstract

The aim of study is to analysis the effect of global crisis on private pension system in Turkey. This is covered 05.01.2014-18.11.2016 (Weekly) period and is employed by ARMA(9,8)- EGARCH(1,1) model. It is infered from the results that global financial crisis increased the volatility of private pension funds. This situation states that global financial crisis affected negatively private pension funds.

Özet

Bu çalışmanın amacı, 2008 yılında ortaya çıkan küresel krizin, Türkiye’deki bireysel emeklilik sistemi üzerindeki etkisini incelemektir. Çalışmanın dönem aralığı 05.01.2014-18.11.2016 (Haftalık) dönemini kapsamaktadır. ARMA(9,8)-EGARCH(1,1) modeli kullanılarak analiz edilmiştir. Elde edilen sonuçlara göre, küresel krizin bireysel emeklilik fonları oynaklığını arttırdığı görülmüştür. Bu durum, küresel krizin bireysel emeklilik fonlarını olumsuz etkilediğini ifade etmektedir.

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Cite This Article

ÇELİK, O., ERER, E., ERER, D. (2018). The Effect of 2008 Global Crisis on Volatility of Private Pension Funds: A Case of Turkey. Sosyoekonomi, Cilt: 26 - Sayı: 35, 139–152. https://ajindex.com/articles/139324

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References (12)

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