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Defense Spending and Economic Growth in Turkey: An Empirical Application of New Macroeconomic Theory

Halicioglu, Ferda - In: Review of Middle East Economics and Finance 2 (2004) 3, pp. 34-43

expenditures in the case of Turkey for the period of 19502002. On using new macroeconomic theory and multivariate cointegration … spending and aggregate output in Turkey. In addition, the CUSUM and CUSUMSQ tests confirm the stability of the aggregate output … function. The results obtained from this study are, by and large, in line with the previous studies concerning Turkey. …

Persistent link: https://www.econbiz.de/10014618737

A Multivariate Causality Analysis of Export and Growth for Turkey

Halicioglu, Ferda - 2007

This study seeks to validity of the export-led growth hypothesis using quarterly data from 1980 to 2005. The bounds testing approach to cointegration is employed to test the causal relationship between industrial production, exports and terms of trade. An augmented form of Granger causality...

Persistent link: https://www.econbiz.de/10011496051

The Financial Development and Economic Growth Nexus for Turkey

Halicioglu, Ferda - 2007

This study investigates the validity of the demand-pulling and the supply-leading hypotheses using annual data from 1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long-run relationship between financial development and economic growth. An...

Persistent link: https://www.econbiz.de/10011496052