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 relationship between stock prices and exchange rates using monthly …. There is a casual relationship in 8 countries, for 5 countries there is uni-directional causality running from stock prices …

for Turkey during the period 1950-2003. This study finds a unidirectional causality (except for total government … to support the proposition in the literature that causality runs from economic growth to disaggregated public expenditure …

for Turkey during the period 1950-2003. This study finds a unidirectional causality (except for total government … to support the proposition in the literature that causality runs from economic growth to disaggregated public expenditure …

for Turkey during the period 1950-2003. This study finds a unidirectional causality (except for total government … to support the proposition in the literature that causality runs from economic growth to disaggregated public expenditure …