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Turkiye Ekonomisi Baglaminda Fisher Etkisinin Birim Kok Testleri ve Ardl Sinir Testiyle Sinanmasi

2022

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JOEEP: Journal of Emerging Economies and Policy

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The positive relationship between the interest rate and the inflation rate is known as the Fisher effect in economics. The validity of the Fisher effect in the Turkish economy between 1971 and 2021 was tested using the ARDL bounds test and unit root tests within the scope of this study. In this context, it was concluded that the variables that are not stationary at the level move together in the long run. In the long run, a 1% increase in the inflation rate increases the interest rates by 1.05%. The Toda-Yamamoto causality test revealed a one-way Granger causality relationship between the related variables, ranging from the inflation rate to the interest rate. The stationarity of the real interest rate was tested with ADF, Lee- Strazicich and Fourier KPSS unit root tests. The findings indicate that the real interest rate variable is stationary and that the Fisher hypothesis holds in the Turkish economy.

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Testing The Fisher Effect In The Context Of Turkish Economy With Unit Root Tests and Ardl Bounds Testing Approach

2022

Journal:

JOEEP: Journal of Emerging Economies and Policy

Author:

Abstract:

Ekonomi yazınında faiz oranı ile enflasyon oranı arasındaki pozitif yönlü ilişki Fisher etkisi olarak bilinmektedir. Bu çalışma kapsamında, Türkiye ekonomisinde 1971-2021 arası Fisher etkisinin geçerliliği ARDL sınır testi ve birim kök testleriyle sınanmıştır. Bu bağlamda, düzeyde durağan olmayan değişkenlerin uzun dönemde birlikte hareket ettikleri sonucuna ulaşılmıştır. Uzun dönemde enflasyon oranında meydana gelen %1lik artış faiz oranlarını % 1.05 oranında artırmaktadır. Toda-Yamamoto nedensellik test sonucuna göre ilgili değişkenler arasında enflasyon oranından faiz oranına doğru olmak üzere tek yönlü Granger nedensellik ilişkisi tespit edilmiştir. Reel faiz oranının durağanlık durumu ise ADF, Lee- Strazicich ve Fourier KPSS birim kök testleriyle sınanmıştır. Sonuçlar reel faiz oranı değişkeninin durağan olduğunu göstererek Fisher hipotezinin Türkiye ekonomisinde geçerli olduğunu göstermiştir.

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JOEEP: Journal of Emerging Economies and Policy

Field : Sosyal, Beşeri ve İdari Bilimler

Journal Type : Uluslararası

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Turkiye Ekonomisi Baglaminda Fisher Etkisinin Birim Kok Testleri ve Ardl Sinir Testiyle Sinanmasi

2022

Journal:

JOEEP: Journal of Emerging Economies and Policy

Author:

Abstract:

Keywords:

Testing The Fisher Effect In The Context Of Turkish Economy With Unit Root Tests and Ardl Bounds Testing Approach

2022

Journal:

JOEEP: Journal of Emerging Economies and Policy

Author:

Abstract:

Keywords:

Citation Owners

Attention!
To view citations of publications, you must access Sobiad from a Member University Network. You can contact the Library and Documentation Department for our institution to become a member of Sobiad.

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If you are affiliated with a Sobiad Subscriber organization, you can use Login Panel for external access. You can easily sign up and log in with your corporate e-mail address.

Similar Articles

JOEEP: Journal of Emerging Economies and Policy

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User Guide

Menu

Mendeley

Endnote

Turkiye Ekonomisi Baglaminda Fisher Etkisinin Birim Kok Testleri ve Ardl Sinir Testiyle Sinanmasi

2022

Journal:

JOEEP: Journal of Emerging Economies and Policy

Author:

Abstract:

Keywords:

Testing The Fisher Effect In The Context Of Turkish Economy With Unit Root Tests and Ardl Bounds Testing Approach

2022

Journal:

JOEEP: Journal of Emerging Economies and Policy

Author:

Abstract:

Keywords:

Citation Owners

Attention! To view citations of publications, you must access Sobiad from a Member University Network. You can contact the Library and Documentation Department for our institution to become a member of Sobiad.

Off-Campus AccessIf you are affiliated with a Sobiad Subscriber organization, you can use Login Panel for external access. You can easily sign up and log in with your corporate e-mail address.

Similar Articles

JOEEP: Journal of Emerging Economies and Policy

Metrics

Attention!
To view citations of publications, you must access Sobiad from a Member University Network. You can contact the Library and Documentation Department for our institution to become a member of Sobiad.

Off-Campus Access
If you are affiliated with a Sobiad Subscriber organization, you can use Login Panel for external access. You can easily sign up and log in with your corporate e-mail address.