Year 2020, Volume 2 , Issue 1, Pages 23 - 41 2020-03-30

DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS)

Mustafa Tevfik KARTAL [1]


China, Brazil, and Turkey are important emerging countries and have different interest rate trends. China and Brazil enjoyed the lower interest rate of approximately 1.5% and 6.8% respectively whereas Turkey was faced with increasing interest rate problems reaching 23.35% as of 2018 end. The study aims to analyze and define macroeconomic determinants of interest rates. 11 independent variables, yearly data between 2002 and 2018 were examined with the MARS method. The study determines that growth and reserves have effects in China; credits and net export have effects in Brazil whereas inflation and money supply are influential in Turkey on interest rates.

Interest Rate, Macroeconomic Determinants, MARS, China, Brazil, Turkey
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Primary Language en
Subjects Economics
Published Date Spring
Journal Section Articles
Authors

Orcid: 0000-0001-8038-8241
Author: Mustafa Tevfik KARTAL
Country: Turkey


Dates

Publication Date : March 30, 2020

Bibtex @research article { jeess650895, journal = {Journal of Empirical Economics and Social Sciences}, issn = {2667-7210}, address = {}, publisher = {Burak DARICI}, year = {2020}, volume = {2}, pages = {23 - 41}, doi = {}, title = {DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS)}, key = {cite}, author = {Kartal, Mustafa Tevfik} }
APA Kartal, M . (2020). DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS) . Journal of Empirical Economics and Social Sciences , 2 (1) , 23-41 . Retrieved from https://dergipark.org.tr/en/pub/jeess/issue/53653/650895
MLA Kartal, M . "DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS)" . Journal of Empirical Economics and Social Sciences 2 (2020 ): 23-41 <https://dergipark.org.tr/en/pub/jeess/issue/53653/650895>
Chicago Kartal, M . "DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS)". Journal of Empirical Economics and Social Sciences 2 (2020 ): 23-41
RIS TY - JOUR T1 - DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS) AU - Mustafa Tevfik Kartal Y1 - 2020 PY - 2020 N1 - DO - T2 - Journal of Empirical Economics and Social Sciences JF - Journal JO - JOR SP - 23 EP - 41 VL - 2 IS - 1 SN - 2667-7210- M3 - UR - Y2 - 2020 ER -
EndNote %0 Uygulamalı Ekonomi ve Sosyal Bilimler Dergisi DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS) %A Mustafa Tevfik Kartal %T DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS) %D 2020 %J Journal of Empirical Economics and Social Sciences %P 2667-7210- %V 2 %N 1 %R %U
ISNAD Kartal, Mustafa Tevfik . "DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS)". Journal of Empirical Economics and Social Sciences 2 / 1 (March 2020): 23-41 .
AMA Kartal M . DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS). Journal of Empirical Economics and Social Sciences. 2020; 2(1): 23-41.
Vancouver Kartal M . DETERMINING AFFECTING MACROECONOMIC INDICATORS ON INTEREST RATES IN EMERGING COUNTRIES: A COMPARATIVE EXAMINATION UPON CHINA, BRAZIL, AND TURKEY WITH MULTIVARIATE ADAPTIVE REGRESSION SPLINES (MARS). Journal of Empirical Economics and Social Sciences. 2020; 2(1): 23-41.