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Year 2004, Issue: 12, 101 - 109, 01.08.2004

Abstract

Türkiye’de 2001 yılında enflasyon ve işsizlik gibi iki kötü durumun aynı anda meydana geldiği görülmektedir. Bu çalışmada bu temel öngörüden hareketle, literatürde stagflasyon olarak tanımlanan bu sorunun Türkiye’de yaşanıp-yaşanmadığı açıklanmaktadır. Bu temel öngörüyü test etmek için yapısal dönüşüm testi uygulanmıştır. En Küçük Kareler EKK yöntemiyle modellerin tahminlemesi yapılmıştır. Kesit ve eğim katsayılarından hareketle, 2001 yılında ekonomide yapısal değişimin meydana geldiği, uzun dönem Phillips eğrisinin LRPC Türkiye için sola kaydığı ve Türkiye’de bu dönemde durgunluk içinde işsizliğin arttığı sonucuna varılmıştır

References

  • Altınkemer M., (1996), Problems with stabilization programs and an outline for a Turkish Stabilization. Discussion, Paper No: 9624, The Central Bank of the Republic of Turkey Research Department, October 1996.
  • Brecher, R. A. ve Heady C. J. (1979), “Stagflation in an Open Macroeconomy”, Oxford Economic Papers, 31 (2), July, 165-176.
  • Bruno, M. (1980), “Import Prices and Stagflation in the Industrial Countries: A Cross-Section Analysis”, The Economic Journal, 90 (359), Sep., 479-492.
  • Bruno, M. and Sachs, J. (1985), Economics of Worldwide Stagflation, MA: Harvard University Press.
  • Dornbusch, R., Fischer, St., and Startz, R, (2000), Macroeconomics, 8th ed., Boston: McGraw-Hill Comp.
  • Friedman M., (1968), “The Role of Monetary Policy”, American Economic Review, March.58 (1), March, 1-17.
  • Helliwell, J. F. (1988), “Comparative Macroeconomics of Stagflation”, Journal of Economic Literature, 26, March, 1-28.
  • Parasız, İ. (2001), Enflasyon-Kriz-Ayarlamalar, Bursa: Ezgi Kitabevi.

STAGFLATION IN TURKEY AFTER 2001

Year 2004, Issue: 12, 101 - 109, 01.08.2004

Abstract

We observed that simultaneously experienced two undesired thing, namely inflation and unemployment in 2001. In this study, based upon that fact, we try to explain whether or not Turkey experienced this problem defined as stagflation in the literature. In order to test that, we applied structural change test by using ordinary least square OLS method. Our findin indicates that Turkey experienced a structural change in 2001, and long-term Phillips curve shifted to the left, and also unemployment increased in recession for that particular period in Turkey

References

  • Altınkemer M., (1996), Problems with stabilization programs and an outline for a Turkish Stabilization. Discussion, Paper No: 9624, The Central Bank of the Republic of Turkey Research Department, October 1996.
  • Brecher, R. A. ve Heady C. J. (1979), “Stagflation in an Open Macroeconomy”, Oxford Economic Papers, 31 (2), July, 165-176.
  • Bruno, M. (1980), “Import Prices and Stagflation in the Industrial Countries: A Cross-Section Analysis”, The Economic Journal, 90 (359), Sep., 479-492.
  • Bruno, M. and Sachs, J. (1985), Economics of Worldwide Stagflation, MA: Harvard University Press.
  • Dornbusch, R., Fischer, St., and Startz, R, (2000), Macroeconomics, 8th ed., Boston: McGraw-Hill Comp.
  • Friedman M., (1968), “The Role of Monetary Policy”, American Economic Review, March.58 (1), March, 1-17.
  • Helliwell, J. F. (1988), “Comparative Macroeconomics of Stagflation”, Journal of Economic Literature, 26, March, 1-28.
  • Parasız, İ. (2001), Enflasyon-Kriz-Ayarlamalar, Bursa: Ezgi Kitabevi.
There are 8 citations in total.

Details

Primary Language English
Journal Section Research Article
Authors

İbrahim Bakırtaş This is me

Ali Tekinşen This is me

Publication Date August 1, 2004
Published in Issue Year 2004 Issue: 12

Cite

APA Bakırtaş, İ., & Tekinşen, A. (2004). STAGFLATION IN TURKEY AFTER 2001. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi(12), 101-109.

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