Financial Conditions Index as a Leading Indicator of Business Cycles in Turkey (Global Financial Crisis and Its Ramifications on Capital Markets: Opportunities and Threats in Volatile Economic Conditions)
Yazarlar (1)
Prof. Dr. Ümit BULUT Kırşehir Ahi Evran Üniversitesi, Türkiye
| Bölüm Adı | Financial Conditions Index as a Leading Indicator of Business Cycles in Turkey | ||
| Kitap Adı | Global Financial Crisis and Its Ramifications on Capital Markets: Opportunities and Threats in Volatile Economic Conditions | ||
| Bölüm Sayfaları | 225-239 | ||
| Kitap Türü | Kitap Bölümü | ||
| Kitap Alt Türü | Alanında uluslararası yayınlanan kitap bölümü | ||
| Kitap Niteliği | Web of Science Core Collection indeksinde taranan bilimsel kitap | ||
| Kitap Dili | İngilizce | Basım Tarihi | 01-2017 |
| DOI Numarası | 10.1007/978-3-319-47021-4_17 | ISBN | |
| Basıldığı Ülke | Basıldığı Şehir | ||
| Özet |
| A financial conditions index (FCI) is an instrument that is developed using some financial variables in order to predict future output and/or inflation. Therefore, some studies in the literature examine the relationship between FCI and output gap/growth to determine whether the FCI is a leading indicator of business cycles. This study aims at investigating the relationship between output gap and FCI for Turkey by utilizing quarterly data covering the period 2005:1–2015:3. In other words, the study examines whether the FCI can be a leading indicator of business cycles in Turkey. For this purpose, the study, first, presents an FCI that has been recently developed for Turkey and reveals that the FCI is able to present the developments in the Turkish economy and in the world. Second, the study employs unit root tests and cointegration tests. The study finally performs vector autoregressive (VAR) analysis and the bootstrap … |
| Anahtar Kelimeler |
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| Google Scholar | 8 |
| Scopus | 2 |
| Web of Science | 2 |