The effect of output growth volatility on output growth: empirical evidence from Turkey
[ X ]
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This article assesses the effect of output growth volatility on output growth within a stochastic-volatility-in-mean model with a time-varying framework for an open small economy: Turkey. Until now, the empirical evidence on industrial production mainly reveals that this relationship is negative. However, in further examining different sectors and sub-sectors of industrial production, we find the sign of the relationship changes depending on the sector. Moreover, there is limited evidence that the sign of the relationship changes over time. Thus, the evidence reveals that the nature of the output growth volatility–output growth relationship is not uniform across sectors. © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.
Açıklama
Anahtar Kelimeler
Output Growth, Output Growth Volatility, TVP-SVM
Kaynak
Applied Economics Letters
WoS Q Değeri
N/A
Scopus Q Değeri
Q2
Cilt
26
Sayı
6
Künye
Ülke, V., Varlık, S., Berument, M. H. (2019). The effect of output growth volatility on output growth: empirical evidence from Turkey. Applied Economics Letters, 26(6), 522-531.
