This paper examines the long run impact of trade and financial openness on economic growth in Turkey for the 1992-2006 period by using the Bounds test approach proposed by Pesaran, Shin and Smith (2001) based on Unrestricted Error Correction Model and Toda ve YamamotoÕs (1995) causality test....

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...

This paper explores the relationship between gold prices and the US dollar/Turkish lira exchange rate between 1990–2011 by using cointegration and Granger causality analyses. The empirical findings indicate that there is a threshold cointegration relationship between the two variables. The...

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...

Küreselleşme ile ilgili tartışmalarda anahtar rolün, kısa vadeli sermaye hareketleri ve bunun ülke ekonomilerine etkileri üzerine yoğunlaşması sebebiyle bu çalışmada, kısa vadeli sermaye hareketleri ile en önemli belirleyicilerinden olan reel faiz oranı ve reel döviz kuru...