Gürel, Sinem Pınar; Lenger, Aykut - In: International Journal of Business and Economic Sciences … 9 (2016) 1, pp. 57-68
growth as well as for external dynamics of economic growth. To this end, this paper employs a Structural VAR (SVAR) and a … nonlinear Markov-Switching VAR model. We examine the nonlinearity to let the effects of the external dynamics vary with the … level of economic growth. Findings - The results suggest the external dynamics considered in this paper - namely trade and …