EN
TR
MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH
Abstract
This paper examines the long run and short run dynamics of M2 money demand with effective exchange rate, weighted interest rate of one month term deposits and quarterly seasonally adjusted gross domestic product. Monthly data between 1995Q4-2013Q3 has been taken to estimate linkage between M2 monetary aggregate and macroeconomics factors. The Autoregressive Distributed Lag (ARDL) approach which is accepted as an analytical cointegration techniqueis used to determine the short-run and long-run relationships. According to results we found a long-run and short-run relationship between M2 and interest rate and GDP. CUSUM and CUSUM-Q tests indicate money demand function is stable in the first test, while it’s not stable in the second test even in the long-run and short-run.
Keywords
References
- Abdulkheir, A.Y., (2013), “An Analytical Study of the Demand for Money in Saudi Arabia”, International Journal of Economics and Finance, Volume: 5/4, pp. 31-38, Canada.
Details
Primary Language
English
Subjects
Business Administration
Journal Section
Research Article
Authors
Publication Date
December 1, 2014
Submission Date
December 1, 2014
Acceptance Date
-
Published in Issue
Year 2014 Volume: 14 Number: 28
APA
Özçalık, M. (2014). MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH. Sosyal Ekonomik Araştırmalar Dergisi, 14(28), 172-187. https://doi.org/10.30976/susead.302206
AMA
1.Özçalık M. MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH. SUSEAD. 2014;14(28):172-187. doi:10.30976/susead.302206
Chicago
Özçalık, Melih. 2014. “MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH”. Sosyal Ekonomik Araştırmalar Dergisi 14 (28): 172-87. https://doi.org/10.30976/susead.302206.
EndNote
Özçalık M (December 1, 2014) MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH. Sosyal Ekonomik Araştırmalar Dergisi 14 28 172–187.
IEEE
[1]M. Özçalık, “MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH”, SUSEAD, vol. 14, no. 28, pp. 172–187, Dec. 2014, doi: 10.30976/susead.302206.
ISNAD
Özçalık, Melih. “MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH”. Sosyal Ekonomik Araştırmalar Dergisi 14/28 (December 1, 2014): 172-187. https://doi.org/10.30976/susead.302206.
JAMA
1.Özçalık M. MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH. SUSEAD. 2014;14:172–187.
MLA
Özçalık, Melih. “MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH”. Sosyal Ekonomik Araştırmalar Dergisi, vol. 14, no. 28, Dec. 2014, pp. 172-87, doi:10.30976/susead.302206.
Vancouver
1.Melih Özçalık. MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH. SUSEAD. 2014 Dec. 1;14(28):172-87. doi:10.30976/susead.302206
Cited By
TÜRKİYE’DE PARA TALEBİNİN BELİRLEYİCİLERİ VE İSTİKRARI ÜZERİNE AMPİRİK BİR ANALİZ
International Journal of Management Economics and Business
https://doi.org/10.17130/ijmeb.700856