VAR YAKLAŞIMI İLE VERİMLİLİK ŞOKLARININ ETKİLERİNİN BELİRLENMESİ

Year 2004, Issue: 10, - , 20.06.2015

Levent Erdoğan

Abstract

This paper examines to provides cyclical behavior of productivity, its determinants and its relationship with economic activity. In order to find out the relationship between productivity and business cycle, it is examined the hypothesis of Real Business Cycle (RBC) that assumes productivity shocks is the only basic source of economic fluctuations. In this paper, the effect of technology shocks on business cycles are examined employing Cointegrated VAR (VECM) methodology. Econometric results supports that a shock to output is the dominant source of business cycle fluctuations

Keywords

Productivity, Productivity shocks, Business cycles, Cointegrated VAR

VAR YAKLAŞIMI İLE VERİMLİLİK ŞOKLARININ ETKİLERİNİN BELİRLENMESİ

Abstract

Bu çalışmada verimliliğin devrevi hareketi, ekonomik faaliyetlerle ilişkisi ve verimliliği nelerin belirlediği açıklanmaya çalışılmıştır. Verimlilik ve konjonktürel dalgalanmalar arasındaki ilişki, ekonomik dalgalanmaların tek nedeni olarak teknoloji şoklarını ele alan Reel Konjonktür Teorisi çerçevesinde incelenmiştir. Çalışmada eşbütünleşik VAR (VECM) yaklaşımı kullanılarak teknoloji şoklarının konjonktürel dalgalanmalarla uyumlu hareket ettiği sonucuna ulaşılmıştır. Elde edilen ekonometrik sonuçlar çıktıdaki bir şokun, konjonktürel dalgalanmaların en baskın unsuru olduğunu ortaya koymaktadır

Keywords

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