TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI

Melih Özçalık

doi:10.30976/susead.302233

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

Money Demand, Turkey, ARDL

Details

Primary Language

Turkish

Subjects

-

Journal Section

-

Authors

Melih Özçalık This is me

Publication Date

June 1, 2014

Submission Date

June 1, 2014

Acceptance Date

-

Published in Issue

Year 2014 Volume: 14 Number: 27

DOI

https://doi.org/10.30976/susead.302233

IZ

https://izlik.org/JA22BZ38TT

Cite

RIS / Bibtex

APA

Özçalık, M. (2014). TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI. Sosyal Ekonomik Araştırmalar Dergisi, 14(27), 359-373. https://doi.org/10.30976/susead.302233

AMA

1.Özçalık M. TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI. SUSEAD. 2014;14(27):359-373. doi:10.30976/susead.302233

Chicago

Özçalık, Melih. 2014. “TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI”. Sosyal Ekonomik Araştırmalar Dergisi 14 (27): 359-73. https://doi.org/10.30976/susead.302233.

EndNote

Özçalık M (June 1, 2014) TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI. Sosyal Ekonomik Araştırmalar Dergisi 14 27 359–373.

IEEE

[1]M. Özçalık, “TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI”, SUSEAD, vol. 14, no. 27, pp. 359–373, June 2014, doi: 10.30976/susead.302233.

ISNAD

Özçalık, Melih. “TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI”. Sosyal Ekonomik Araştırmalar Dergisi 14/27 (June 1, 2014): 359-373. https://doi.org/10.30976/susead.302233.

JAMA

1.Özçalık M. TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI. SUSEAD. 2014;14:359–373.

MLA

Özçalık, Melih. “TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI”. Sosyal Ekonomik Araştırmalar Dergisi, vol. 14, no. 27, June 2014, pp. 359-73, doi:10.30976/susead.302233.

Vancouver

1.Melih Özçalık. TÜRKİYE’DE PARA TALEBİ FONKSİYONU: BİR ARDL YAKLAŞIMI. SUSEAD. 2014 Jun. 1;14(27):359-73. doi:10.30976/susead.302233