The aim of this study is to expose the relationships between Istanbul (Turkey), Merval (Argentina) and Bovespa (Brazil) stock exchange markets using monthly data covering the period 1997:03-2007:06. The long term co-movement of the stock exchanges has been tested by cointegration test developed...

In this study, the relationship between the inflation and the economic growth in Turkey has been examined in the framework of data covering 1987:1-2006:3 periods. The existence of the long term relationship between these two variables has been examined using Bound Test developed by Pesaran et...

Purpose – The purpose of this paper is to investigate the relationship between trade openness and economic growth in developing countries. Under this aim, the co-integration relationship between trade openness and economic growth of 17 developing countries is examined without relying on data...

Turkish Abstract: Bu çalışmada, doğrudan yabancı yatırımlar ile ekonomik büyüme arasındaki nedensellik ilişkisi dokuz gelişmekte olan ülkenin 1970–2006 yıllarını kapsayan verileri kullanılarak incelenmiştir. Toda Yamamoto (1995) nedensellik analizi uygulanarak elde edilen...

Turkish Abstract: Bu çalışmada İMKB hisse senedi piyasasında yabancı işlemlerin hisse senedi getirileri üzerinde etkili olup olmadığı, tabanın genişlemesi (base broadening) hipotezinden yola çıkılarak ortaya konulmaya çalışmıştır. 1997:01 – 2008:09 tarihleri arasındaki...

This study aims to determine whether the traditional or portfolio approach is relevant for developing countries, by using the relationship between stock prices and exchange rates. For this purpose, cointegration (Pesaran et al., 2001) and causality tests (Toda Yamamoto, 1995) are used to examine...

The main purpose of this paper is to analyze the causal relationships between defence spending and economic growth using the Toda-Yamamoto approach to Granger causality test in the case of selected NATO countries for the period of 1949-2006. NATO countries spend biggest proportion of defence...

The main purpose of this paper is to analyze the causal relationships between defence spending and economic growth using the Toda-Yamamoto approach to Granger causality test in the case of selected NATO countries for the period of 1949-2006. NATO countries spend biggest proportion of defence...

The main purpose of this paper is to analyze the causal relationships between defence spending and economic growth using the Toda–Yamamoto approach to Granger causality test in the case of selected NATO countries for the period of 1949-2006. NATO countries spend biggest proportion of defence...

This paper will investigate the causal relationship between oil consumption and GNP. For this purpose, we will investigate the presence of cointegration among the variables and use a vector error correction model to test causality relationship. Empirical results for Turkey over the period...