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Erişime Açık

The relative sensitivities analysis between the economic growth rate and selected macroeconomic variables: Turkey case

Dilek SÜREKÇİ YAMAÇLI

The aim of this study is the investigation of the relations between the selected macroeconomic variables and the economic growth rate for the period of 1987-2010 in Turkey. Relative Sensitivities Analyasis (RSA) was used to accomplish this aim. This statistical method is used for examining the relationships between variables in the over time. According to the results of study, consumption budget balance has higher relative sensitivity on the economic growth rate than the other variables. On the other hand, changes in the stock of external debt and current account deficit have no effect on the ...Daha fazlası

Erişime Açık

Determinants of the short-run ınterest rate in Turkey: A taylor rule approach

Dilek SÜREKÇİ YAMAÇLI

This study is investigated the determinants of the short run interest rate and validity of the Taylor Rule, using Two-Stage Least Squares (TSLS), Method of the Generalizied Moments (GMM) and Relative Sensitivity Analyses (RSA) for 2002-2016 periods in Turkey. Results of the TSLS and GMM analyses are show that there are positive relationship between the interest rate, capacity utilization rate, exchange rate and inflation gap. According to the RSA results, there are stronger relationships between short run interest rate, capacity utilization rate and exchange rate than output gap. In this conte ...Daha fazlası

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