The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach

Bilge Kağan ÖZDEMİR, (Anadolu Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü, Eskişehir Türkiye)
Mehmet ÖBEKCAN (Hitit Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü, Çorum, Türkiye)
Business and Economics Research Journal
3 1
Yıl: 2020 Cilt: 11 Sayı: 2 Sayfa Aralığı: 307 - 321 Metin Dili: İngilizce DOI: 10.20409/berj.2020.251 İndeks Tarihi: 07-05-2021

The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach

Öz:
This study investigates the effects of the sudden stop problem on the economic performance of emerging market economies in Turkey sampling. In this context, this study is driven by small-open economy assumption and Fed effective funds rate used as an external triggering factor that causes sudden stop by taking into account the related literature. To evaluate the effects of sudden stop problem on domestic economy, interest rate, credits to private sector, current account balance, current financial account, real effective exchange rate, consumer price index and industrial production index are selected as domestic variables which supposed related to the resilience of sudden stops. Data, which used in the study, are monthly and they span from 2003:01 to 2019:09. In addition, the SVAR model with block exogeneity is applied as empirical method. The results of the study show that an unexpected increase in Fed effective interest rate trigger to decreases in capital inflow. As capital inflow decreases, real effective exchange rate, credits to private sector and industrial production decreases, also interest rate and consumer price index and current account balance increase. These results suggest that external factors are effective in triggering sudden stop problem.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA Ozdemir B, ÖBEKCAN M (2020). The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. , 307 - 321. 10.20409/berj.2020.251
Chicago Ozdemir Bilge Kağan,ÖBEKCAN MEHMET The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. (2020): 307 - 321. 10.20409/berj.2020.251
MLA Ozdemir Bilge Kağan,ÖBEKCAN MEHMET The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. , 2020, ss.307 - 321. 10.20409/berj.2020.251
AMA Ozdemir B,ÖBEKCAN M The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. . 2020; 307 - 321. 10.20409/berj.2020.251
Vancouver Ozdemir B,ÖBEKCAN M The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. . 2020; 307 - 321. 10.20409/berj.2020.251
IEEE Ozdemir B,ÖBEKCAN M "The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach." , ss.307 - 321, 2020. 10.20409/berj.2020.251
ISNAD Ozdemir, Bilge Kağan - ÖBEKCAN, MEHMET. "The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach". (2020), 307-321. https://doi.org/10.20409/berj.2020.251
APA Ozdemir B, ÖBEKCAN M (2020). The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. Business and Economics Research Journal, 11(2), 307 - 321. 10.20409/berj.2020.251
Chicago Ozdemir Bilge Kağan,ÖBEKCAN MEHMET The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. Business and Economics Research Journal 11, no.2 (2020): 307 - 321. 10.20409/berj.2020.251
MLA Ozdemir Bilge Kağan,ÖBEKCAN MEHMET The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. Business and Economics Research Journal, vol.11, no.2, 2020, ss.307 - 321. 10.20409/berj.2020.251
AMA Ozdemir B,ÖBEKCAN M The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. Business and Economics Research Journal. 2020; 11(2): 307 - 321. 10.20409/berj.2020.251
Vancouver Ozdemir B,ÖBEKCAN M The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach. Business and Economics Research Journal. 2020; 11(2): 307 - 321. 10.20409/berj.2020.251
IEEE Ozdemir B,ÖBEKCAN M "The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach." Business and Economics Research Journal, 11, ss.307 - 321, 2020. 10.20409/berj.2020.251
ISNAD Ozdemir, Bilge Kağan - ÖBEKCAN, MEHMET. "The Effects of Sudden Stops on the Turkish Economy: A Structural VAR Approach". Business and Economics Research Journal 11/2 (2020), 307-321. https://doi.org/10.20409/berj.2020.251
Sayfa Oluşturulma Tarihi
30-04-2024 22:16

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