This paper examines the validity of Fisher hypothesis in Turkey over the period from 1990:01 through 2010:03 by using cointegration and fractional cointegration approaches. The findings from Engle and Granger cointegration test indicate that inflation and nominal interest rate series are...

This paper investigates the fiscal deficit sustainability of Turkey over the period 1975–2008 by using both cointegration and multicointegration methods. In addition to the conventional unit root tests, the minimum LM unit root test with one structural break is used to examine the time...

This paper investigates the impact of educational expenditures on economic growth for 18 Latin American countries over the period 1970–2009 by using cointegration test procedure in the presence of two unknown structural breaks. Considering structural breaks is necessary for our analysis...

This article investigates the fractional cointegration relationship between long-term interest rates of G7 countries over the period from 1990:01 to 2010:04 by estimating the cointegrating regressions for possible bivariate, trivariate and four-variate subsystems as well as the full system. The...

This paper investigates time series properties of the tourism revenues in Turkey over the period from 1997:01 through 2010:03. First, we determine the integration order by using different versions of Robinson tests. Second, we test if the tourism revenues show any structural changes over the...

This paper examines whether the foreign trade deficit of Turkey is sustainable or not by using three-regime threshold autoregressive unit root test of Kapetanious and Shin (2006). Three models are estimated including linear OLS, two-regime self-exciting threshold autoregressive and three-regime...

This paper examines the long run relationship between trade deficit and budget deficit in Turkey in the context of fractional cointegration approach. This approach relaxes the assumption in the conventional cointegration analyses that the cointegrating residuals must be integrated of zero and...