Journals / Dumlupınar Üniversitesi Sosyal Bilimler Dergisi / 2006 / Cilt: 0 - Sayı: 16

AN ESSAY UPON BUSINESS CYCLE FACTS: THE TURKISH CASE

Pages
5–30
Publication Date
2022-10-11
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

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

All in all, our estimation results give support to the importance of supply side models in explaining Turkish business cycles in line with contemporaneous Real Business Cycle Theory

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In our paper, we try to investigate the main determinants of Turkish business cycles.
📊
Key Findings & Data:Having examined some important issues of interest in business cycle theory, we estimate the business cycle stylized facts for the Turkish economy and compare the estimation results obtained in this paper to some benchmark papers chosen in business cycle literature.
💡
Conclusion & Impact:All in all, our estimation results give support to the importance of supply side models in explaining Turkish business cycles in line with contemporaneous Real Business Cycle Theory
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:İş Çevrimleri · Türkiye Ekonomisi · Tersçevrimsel Fiyatlar

Abstract

In our paper, we try to investigate the main determinants of Turkish business cycles. Having examined some important issues of interest in business cycle theory, we estimate the business cycle stylized facts for the Turkish economy and compare the estimation results obtained in this paper to some benchmark papers chosen in business cycle literature. All in all, our estimation results give support to the importance of supply side models in explaining Turkish business cycles in line with contemporaneous Real Business Cycle Theory

Özet

Çalışmamızda, Türk iç çevrimlerinin başlıca belirleyicileri araştırılmaya çalışılmaktadır. İş çevrim kuramlarının önemli bulunan bazı özellikleri açıklandıktan sonra Türkiye ekonomisi üzerine bir deneme gerçekleştirilmiş ve elde edilen tahmin sonuçları iktisat yazınında iş çevrim kuramlarının oluşumunu ortaya koyan başlıca çalışmalarda elde edilen tahmin sonuçları ile karşılaştırılmıştır. Sonuç olarak, tahmin bulgularımız çağdaş reel iş çevrim kuramını destekler nitelikte sonuçlar üretmiş, Türk iç çevrimlerini açıklamaya yönelik arzyönlü oluşturulacak kuramsal ve uygulama içerikli çalışmaların önemi vurgulanmıştır

🔖

Cite This Article

ASLAN, Ö., KORAP, H. (2022). AN ESSAY UPON BUSINESS CYCLE FACTS: THE TURKISH CASE. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 16, 5–30. https://ajindex.com/articles/493606

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (14)

  1. Agénor, P.R., McDermott, C. J. and Prasad, E. S. (1999). “Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts”, IMF Working Paper, WP/99/35. Ahmed, S., Ickes, B. W., Wang, P., and Yoo, B. S. (1993). “International Business Cycles”, American Economic Review, 83/3, June, 335-359.
  2. Ahmed, S. and Park, J. H. (1994). “Sources of Macroeconomic Fluctuations in Small Open Economies”, Journal of Macroeconomics, 16/1, Winter, 1-36.
  3. Akçay, O. C., Alper, C. E. and Özmucur, S. (2002). “Budget Deficit, Inflation and Debt Sustainability: Evidence from Turkey (1970- 2000)”, in Kibritçioğlu, A., Rittenberg, L. and Selçuk, F., eds., Inflation and Disinflation in Turkey, Ashgate Publishing Limited, 77-96.
  4. Alper, C. E. (1998). “Nominal Stylized Facts of Turkish Business Cycles”, METU Studies in Development, 25(2), 233-244.
  5. Alper, C. E. (2002). “Stylized Facts of Business Cycles, Excess Volatility and Capital Flows: Evidence from Mexico and Turkey”, Russian and East European Finance and Trade, 38/4, 22-54.
  6. Altuğ, N. (2001). İstikrar Politikaları ve Ülke Örnekleri, Türkmen Kitabevi.
  7. Altuğ, S. and Yılmaz, K. (1998). “Asset Returns, Inflation and Real Activity The Case of Mexico and Turkey”, Boğaziçi Journal, Review of Social, Economic and Administrative Studies, 12/1, 81-103.
  8. Backus, D. K. and Kehoe, P. J. (1992). “International Evidence on the Historical Properties of Business Cycles”, American Economic Review, 82/4, September, 864-888.
  9. Backus, D. K., Kehoe, P. J. and Kydland, F. E. (1992). “International Real Business Cycles”, Journal of Political Economy, 100/4, August, 745- 775. Backus, D. K., Kehoe, P. J. and Kydland, F. E. (1995). “International Business Cycles”, in Cooley, T. F., ed., Frontiers of Business Cycle Research, Princeton University Press,
  10. Princeton, New Jersey, 331-356.
  11. Baxter, M. and King, R. G. (1999). “Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series,” Review of Economics and Statistics, 81, 575-593.
  12. Berument, H., Kılınç, Z. and Yücel, E. M. (2005). “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”, Sosyal Ekonomi, 2005/1, Ocak-Haziran. Blanchard, O. J. and Quah, D. (1989). “The Dynamic Effects of Aggregate Demand and Supply Disturbances”, American Economic Review, 79, September, 655-673.
  13. Burns, A. F. and Mitchell, W. C. (1946).
  14. Measuring Business Cycles, New York: NBER. Canova, F. (1998). “Detrending and Business Cycle Facts”, Journal of Monetary Economics, 41, 475-5