Author/Authors
YAPRAKLI, Sevda Atatürk Üniversitesi - Iktisadi ve Idari Bilimler Fakültesi (İİBF) - İktisat Bölümü, Turkey , YURTTANÇIKMAZ, Z. Çağlar Atatürk Üniversitesi - Sosyal Bilimler Enstitüsü, Turkey
Title Of Article
TÜRKİYE’DE GİBSON ÇELİŞKİSİNİN GEÇERLİLİĞİ: EKONOMETRİK BİR ANALİZ (1970-2009)
شماره ركورد
36519
Abstract
The aim of this study is to test the validity of Gibson Paradox for Turkish economy. In the study, covering 1970-2009 period, consumer price index and nominal interest rate are used. The relationships between price level and interest rate are analyzed econometrically by employing Johansen cointegration analysis and error correction model. According to the results, there is a positive and statistically significant relationship between interest rate and price level in the long run. Furthermore, error correction-augmented Granger causality tests show that bi-directional causality exists between price level and interest rate. As a result, all analyses made in the study reflect that Gibson Paradox is also valid for Turkey.
From Page
23
NaturalLanguageKeyword
Price Level , Interest Rate , Turkish Economy , Cointegration , Weak Exogenity , Granger Causality , VEC Model
JournalTitle
Journal Of Economics and Administrative Sciences, Ataturk University
To Page
29
JournalTitle
Journal Of Economics and Administrative Sciences, Ataturk University
Link To Document