Search

In this study, it is aimed to examine the basic characteristics of the cyclical fluctuations in the Turkish economy and to determine the business cycles (contraction and expansion). By using the Bry and Boschan (1971) algorithm, the turning points in the business cycles were obtained. In order to determine the business cycle, Turkey's monthly Industrial Production Index, monthly and quarterly Gross Domestic Product data were examined and analyzed. As a result of the analysis, the average business cycle for the Turkish economy was calculated as 5 years. It has been observed that this result is compatible with the related studies in the literature and the cycle characteristics of developing countries. Peak and trough points were obtained with the algorithm named "Harding-Pagan (Quarterly Bry-Boschan) Business Cycle Dating Procedure" in the BCDating R package released in 2019. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Social Policy Studies / Sosyal Politika Çalismalari Dergisi is the property of Journal of Social Policy Studies / Sosyal Politika Calismalari Dergisi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study investigates the interaction between fiscal and monetary policies and how crises affect the coordination between policymakers in Turkey. This study's novelty is that a nonlinear Taylor rule indicating monetary policy response function is estimated based on the Threshold Generalized Method of Moments (Threshold GMM) methodology over the period January 2006--March 2020. The empirical findings reveal that when fiscal policy has an expansionary stage, especially in crises times, the policy interest rate does not react significantly to the inflation gap, output gap and real effective exchange rate gap in expansionary periods. On the contrary the policy interest rate gives statistically important responses to these variables during contractionary fiscal policy periods. Thus, the effectiveness of the Taylor rule appears in a period of contractionary fiscal policy. This situation gives rise to the significant policy implication that the monetary policymaker's success in controlling inflation increases with the contractionary fiscal policy. Finally, it has been observed that effective coordination between monetary and fiscal policies did not occur during crisis periods, but compatible coordination was achieved in other periods. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Administrative Sciences / Yonetim Bilimleri Dergisi is the property of Canakkale Onsekiz Mart Universitesi, Terzioglu Kampusu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The political foundations of economic and financial crises have been examined solely vis-à-vis populist macroeconomic policies, but the political consequences of such economic crises have seldom been discussed in the literature. There have been ten notable political crises and six major economic crises in the last half-century of Turkish history. All political crises in Turkey involved a priori economic slowdown. Some of them even followed economic crises, especially sharp devaluations. Secondly, all political crises had social implications, as they all occurred as a result of severe welfare losses of the civilian and military bureaucracy due to inflation. Thirdly, the nature of political crises has recently changed, as they no longer involve overt military interventions. On the contrary, consecutive coups have enhanced the deepening of democracy, as there is a stronger embrace of civil democracy and hostility against the military intentions by the society. Our research demonstrates that all economic crises have occurred during populist right-wing governments and involved budget deficit problems, while only some of them also involved foreign debt crises. Naturally, all economic crises had political consequences. [ABSTRACT FROM AUTHOR]

In this study, the 2008 World economic crisis to examine the effects of industrial enterprises in Denizli, operators of the crisis related to the opinion, trying to determine the effects of the crisis were sector. Universe of the survey, businesses operating in the center of Denizli, selected by random sampling method consists of 74 enterprises. The resulting data can be transferred to a computer, various statistical analysis were done in SPSS program. [ABSTRACT FROM AUTHOR]

Copyright of Journal of the Cukurova University Institute of Social Sciences is the property of Cukurova University Institute of Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)