Showing 1 - 10 of 116
In this paper we study the interactions and feedbacks between three categories of net capital flows and growth in the Turkish economy for the 1992:01-2009:01 period using frequency domain techniques. Our main spectral analysis tool is a new version of the causality test of Geweke (1982) and...
Persistent link: https://www.econbiz.de/10010320504
export growth. This paper examines the sources of export growth in Turkey. For this purpose, the study decomposes Turkey … analyze Turkey's export statistics with 209 countries at the HS-6 level over the period 1998-2011. Additionally, these methods … extensive margin, particularly geographic diversification, plays the most important role in Turkey's total goods export growth …
Persistent link: https://www.econbiz.de/10011445873
Market in aggregate level. Thus it naturally examines the demand for exports and imports for Turkey in relation to the EU. In … order to model the trade between Turkey and the EU, we employ a time series analysis, namely cointegration method with error …
Persistent link: https://www.econbiz.de/10010322097
The purpose of this paper is the determination of sources and pattern of business cycle in Turkey throughout the period … variables, whereas the source of fluctuations in the real GDP is the financial variables in Turkey. External spread, capital …
Persistent link: https://www.econbiz.de/10010322151
We analyze the effects of offshoring in a multisector-growth-model where the sectors differ by TFP-growth. Our results imply that offshoring influences the long run grwoth rate of the economy along different channels and that the grwoth effects depend on the development of terms of trade and on...
Persistent link: https://www.econbiz.de/10005868278
In an inuential article Tornell and Lane (1999) considered an economy populatedby multiple powerful groups in which property rights in the formal sectorof production are not protected. They obtained conditions under which thegroups appropriate output from the formal sector in order to invest it...
Persistent link: https://www.econbiz.de/10009302590
We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds...
Persistent link: https://www.econbiz.de/10010310746
Despite high economic growth during the last decades, China is still vulnerable to shocks arising from industrial states. The advanced economies determine Chinese export performance, with subsequent effects on output growth. Using a production function approach, this paper examines to which...
Persistent link: https://www.econbiz.de/10010311610
This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...
Persistent link: https://www.econbiz.de/10010306294
In line with the neoclassical growth model a persistent stream of oil revenues might have a long lasting impact on GDP per capita in oil exporting countries through higher investment activities. This relationship is explored for Iran and the countries of the Gulf Cooperation Council (GCC) using...
Persistent link: https://www.econbiz.de/10010343077