Regime Nonstationarity and Nonlinearity in the Turkish Output Level

Cilt: 6 Sayı: 2 1 Nisan 2016
  • Ozge Kandemir Kocaaslan
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Regime Nonstationarity and Nonlinearity in the Turkish Output Level

Abstract

In this paper, we investigate the nonlinearity and nonstationarity of Turkish output series applying a Markov regime switching augmented Dickey Fuller unit root test. We document that the output series are characterized by a two-regime Markov switching unit root process. We show that output series is stationary in one regime and nonstationary in the other one. Moreover, we observe that the nonstationary regime corresponds to the recessionary periods in the Turkish economy. That is, the shocks to output are highly persistent in the recession regime, but they are transitory in the expansion regime. In addition, the time period in which the output series is found as stationary is longer than the one in which the output series has a unit root.

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Ozge Kandemir Kocaaslan Bu kişi benim

Yayımlanma Tarihi

1 Nisan 2016

Gönderilme Tarihi

1 Nisan 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2016 Cilt: 6 Sayı: 2

Kaynak Göster

APA
Kocaaslan, O. K. (2016). Regime Nonstationarity and Nonlinearity in the Turkish Output Level. International Journal of Economics and Financial Issues, 6(2), 503-507. https://izlik.org/JA28WG53TE
AMA
1.Kocaaslan OK. Regime Nonstationarity and Nonlinearity in the Turkish Output Level. IJEFI. 2016;6(2):503-507. https://izlik.org/JA28WG53TE
Chicago
Kocaaslan, Ozge Kandemir. 2016. “Regime Nonstationarity and Nonlinearity in the Turkish Output Level”. International Journal of Economics and Financial Issues 6 (2): 503-7. https://izlik.org/JA28WG53TE.
EndNote
Kocaaslan OK (01 Nisan 2016) Regime Nonstationarity and Nonlinearity in the Turkish Output Level. International Journal of Economics and Financial Issues 6 2 503–507.
IEEE
[1]O. K. Kocaaslan, “Regime Nonstationarity and Nonlinearity in the Turkish Output Level”, IJEFI, c. 6, sy 2, ss. 503–507, Nis. 2016, [çevrimiçi]. Erişim adresi: https://izlik.org/JA28WG53TE
ISNAD
Kocaaslan, Ozge Kandemir. “Regime Nonstationarity and Nonlinearity in the Turkish Output Level”. International Journal of Economics and Financial Issues 6/2 (01 Nisan 2016): 503-507. https://izlik.org/JA28WG53TE.
JAMA
1.Kocaaslan OK. Regime Nonstationarity and Nonlinearity in the Turkish Output Level. IJEFI. 2016;6:503–507.
MLA
Kocaaslan, Ozge Kandemir. “Regime Nonstationarity and Nonlinearity in the Turkish Output Level”. International Journal of Economics and Financial Issues, c. 6, sy 2, Nisan 2016, ss. 503-7, https://izlik.org/JA28WG53TE.
Vancouver
1.Ozge Kandemir Kocaaslan. Regime Nonstationarity and Nonlinearity in the Turkish Output Level. IJEFI [Internet]. 01 Nisan 2016;6(2):503-7. Erişim adresi: https://izlik.org/JA28WG53TE