Author/Authors
YILMAZ, Sinem Karadeniz Teknik Üniversitesi - Sosyal Bilimler Enstitüsü, Turkey , ABDİOĞLU, Zehra Karadeniz Teknik Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - Ekonometri Bölümü, Turkey
Title Of Article
RATIONAL EXPECTATION HYPOTHESIS: THE CASE OF TURKISH MANUFACTURING INDUSTRY
شماره ركورد
14016
Abstract
The aim of this study is to test rationality of inflation expectations in Turkey. In this study, the rationality of manufacturing industry and sub-sectors’ inflation expectations were investigated in Turkey using the Manufacturing Industry Tendency Statistics which reported by Turkish Statistical Institute (TurkStat) for the period of 1992-2009. Whether the expectations are rational is tested by the analysis of unbiasedness, autocorrelation, efficiency, and orthogonality. According to results, the inflation expectations for the total manufacturing industry and sub-sectors are not rational for the period under discussion.
From Page
325
NaturalLanguageKeyword
Rationality , Manufacturing Industry , Unbiasedness , Efficiency , Orthogonality.
JournalTitle
dokuz eylul university the journal of graduate school of social sciences
To Page
347
JournalTitle
dokuz eylul university the journal of graduate school of social sciences
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