Money, Inflation and Growth Relationship: The Turkish Case

Volume: 4 Number: 2 June 1, 2014
  • Cuma Bozkurt
EN

Money, Inflation and Growth Relationship: The Turkish Case

Abstract

There is a significant relation between inflation, which is known as an increase in the general level of prices in the broadest sense of the word, money and growth. While the course of the relationship between money supply and inflation is evident in general terms, an overall tendency related to the relationship between inflation and growth hasn't been clarified. This paper examines money, inflation and growth relationship in Turkey by using cointegration test. For this purpose, 1999.2 – 2012.2 period is taken and quarterly data of money supply (M2), GDP, velocity of money and deflator are used. According to the results from this paper, money supply and velocity of money is a main determinant of inflation in the long run in Turkey. On the other hand, 1% decreases in income directly reduces inflation by 1%.

Keywords

Details

Primary Language

English

Subjects

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Journal Section

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Authors

Cuma Bozkurt This is me

Publication Date

June 1, 2014

Submission Date

June 1, 2014

Acceptance Date

-

Published in Issue

Year 2014 Volume: 4 Number: 2

APA
Bozkurt, C. (2014). Money, Inflation and Growth Relationship: The Turkish Case. International Journal of Economics and Financial Issues, 4(2), 309-322. https://izlik.org/JA87NK54DM
AMA
1.Bozkurt C. Money, Inflation and Growth Relationship: The Turkish Case. IJEFI. 2014;4(2):309-322. https://izlik.org/JA87NK54DM
Chicago
Bozkurt, Cuma. 2014. “Money, Inflation and Growth Relationship: The Turkish Case”. International Journal of Economics and Financial Issues 4 (2): 309-22. https://izlik.org/JA87NK54DM.
EndNote
Bozkurt C (June 1, 2014) Money, Inflation and Growth Relationship: The Turkish Case. International Journal of Economics and Financial Issues 4 2 309–322.
IEEE
[1]C. Bozkurt, “Money, Inflation and Growth Relationship: The Turkish Case”, IJEFI, vol. 4, no. 2, pp. 309–322, June 2014, [Online]. Available: https://izlik.org/JA87NK54DM
ISNAD
Bozkurt, Cuma. “Money, Inflation and Growth Relationship: The Turkish Case”. International Journal of Economics and Financial Issues 4/2 (June 1, 2014): 309-322. https://izlik.org/JA87NK54DM.
JAMA
1.Bozkurt C. Money, Inflation and Growth Relationship: The Turkish Case. IJEFI. 2014;4:309–322.
MLA
Bozkurt, Cuma. “Money, Inflation and Growth Relationship: The Turkish Case”. International Journal of Economics and Financial Issues, vol. 4, no. 2, June 2014, pp. 309-22, https://izlik.org/JA87NK54DM.
Vancouver
1.Cuma Bozkurt. Money, Inflation and Growth Relationship: The Turkish Case. IJEFI [Internet]. 2014 Jun. 1;4(2):309-22. Available from: https://izlik.org/JA87NK54DM