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HİSSE SENEDİ PİYASALARI EKONOMİK AKTİVİTEDEKİ DEĞİŞİMLERİN ÖNCÜ GÖSTERGELERİNDEN BİRİ MİDİR?

Yıl 2021, Cilt: 4 Sayı: 2, 47 - 69, 31.12.2021
https://doi.org/10.38120/banusad.984338

Öz

Bu çalışmada Türkiye, Brezilya, G. Kore ve Hindistan’dan oluşan dört gelişen piyasa ekonomisi için hisse senedi piyasalarının ekonomik aktivitenin öncü göstergelerinden biri olup olmadığı incelenmiştir. Hisse senedi piyasalarını temsilen ilgili ülkelerin gösterge borsa endeksleri, ekonomik aktiviteyi temsilen sanayi üretim endeksleri kullanılmıştır. Analizlerde Toda-Yamamoto (1995) nedensellik testinin yanı sıra en küçük kareler yöntemi ile kantil regresyon (Quantile regression) yönteminden de yararlanılmıştır. Çalışma bulguları hisse senedi piyasalarının ekonomik aktivitedeki değişimlerin öncü göstergelerinden biri olabileceği sonucuna işaret etmektedir.

Kaynakça

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  • Chevapatrakul, T .(2015) “Monetary Environments and Stock Returns: International Evidence based on the Quantile Regression Technique”, International Review of Financial Analysis, 38: 83-108.
  • Choi, J.J., Hauser, S. ve Kopecky, K.J. (1999) “Does the Stock Market Predict Real Activity? Time Series Evidence from the G-7 Countries”, Journal of Banking & Finance, 23: 1771-1792.
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Toplam 36 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Önder Büberkökü 0000-0002-7140-557X

Celal Kızıldere 0000-0001-9904-0472

Yayımlanma Tarihi 31 Aralık 2021
Yayımlandığı Sayı Yıl 2021 Cilt: 4 Sayı: 2

Kaynak Göster

APA Büberkökü, Ö., & Kızıldere, C. (2021). HİSSE SENEDİ PİYASALARI EKONOMİK AKTİVİTEDEKİ DEĞİŞİMLERİN ÖNCÜ GÖSTERGELERİNDEN BİRİ MİDİR?. Bandırma Onyedi Eylül Üniversitesi Sosyal Bilimler Araştırmaları Dergisi, 4(2), 47-69. https://doi.org/10.38120/banusad.984338