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Business Cycles in Turkey and European Union Countries: A Perspective to the Membership

Year 2005, Volume: 1 Issue: 1, - , 01.06.2005

Hakan Berument Zübeyir Kılınç Eray Yücel

Abstract

This article assesses how the business cycles in Turkey coincide with the business cycles of member and candidate countries of the European Union. The evidence provided in the paper suggests that there is a negative linkage between Turkish and European business cycle dynamics when the Turkish crises are included in the data sets. This implies that the timing of the common economic policies of the European Union in order to decrease the volatility of output may actually increase the output volatility, rather than to decrease, for Turkey. On the other hand, when only the non-crises data of Turkey is employed, a pro-cyclical linkage is revealed between Turkish and the European economies. This suggests that policies enhancing the macroeconomic stability and preventing crises are crucial for healthier synchronization of the Turkish economy with its EU counterparts.

Keywords

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Business Cycles in Turkey and European Union Countries: A Perspective to the Membership

Year 2005, Volume: 1 Issue: 1, - , 01.06.2005

Hakan Berument Zübeyir Kılınç Eray Yücel

Abstract

This article assesses how the business cycles in Turkey coincide with the business cycles of member and candidate countries of the European Union. The evidence provided in the paper suggests that there is a negative linkage between Turkish and European business cycle dynamics when the Turkish crises are included in the data sets. This implies that the timing of the common economic policies of the European Union in order to decrease the volatility of output may actually increase the output volatility, rather than to decrease, for Turkey. On the other hand, when only the non-crises data of Turkey is employed, a pro-cyclical linkage is revealed between Turkish and the European economies. This suggests that policies enhancing the macroeconomic stability and preventing crises are crucial for healthier synchronization of the Turkish economy with its EU counterparts.

Keywords

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Details

Primary Language English
Journal Section Articles
Authors

Hakan Berument

Zübeyir Kılınç This is me

Eray Yücel This is me

Publication Date June 1, 2005
Submission Date December 12, 2014
Published in Issue Year 2005 Volume: 1 Issue: 1

Cite

APA Berument, H., Kılınç, Z., & Yücel, E. (2005). Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi, 1(1). https://doi.org/10.17233/se.90376
AMA Berument H, Kılınç Z, Yücel E. Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi. June 2005;1(1). doi:10.17233/se.90376
Chicago Berument, Hakan, Zübeyir Kılınç, and Eray Yücel. “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”. Sosyoekonomi 1, no. 1 (June 2005). https://doi.org/10.17233/se.90376.
EndNote Berument H, Kılınç Z, Yücel E (June 1, 2005) Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi 1 1
IEEE H. Berument, Z. Kılınç, and E. Yücel, “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”, Sosyoekonomi, vol. 1, no. 1, 2005, doi: 10.17233/se.90376.
ISNAD Berument, Hakan et al. “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”. Sosyoekonomi 1/1 (June 2005). https://doi.org/10.17233/se.90376.
JAMA Berument H, Kılınç Z, Yücel E. Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi. 2005;1. doi:10.17233/se.90376.
MLA Berument, Hakan et al. “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”. Sosyoekonomi, vol. 1, no. 1, 2005, doi:10.17233/se.90376.
Vancouver Berument H, Kılınç Z, Yücel E. Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi. 2005;1(1).
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