EN
TR
MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH
Öz
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.
Anahtar Kelimeler
Kaynakça
- 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.
Ayrıntılar
Birincil Dil
İngilizce
Konular
İşletme
Bölüm
Araştırma Makalesi
Yazarlar
Yayımlanma Tarihi
1 Aralık 2014
Gönderilme Tarihi
1 Aralık 2014
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2014 Cilt: 14 Sayı: 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 (01 Aralık 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, c. 14, sy 28, ss. 172–187, Ara. 2014, doi: 10.30976/susead.302206.
ISNAD
Özçalık, Melih. “MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH”. Sosyal Ekonomik Araştırmalar Dergisi 14/28 (01 Aralık 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, c. 14, sy 28, Aralık 2014, ss. 172-87, doi:10.30976/susead.302206.
Vancouver
1.Melih Özçalık. MONEY DEMAND FUNCTION IN TURKEY: AN ARDL APPROACH. SUSEAD. 01 Aralık 2014;14(28):172-87. doi:10.30976/susead.302206
Cited By
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International Journal of Management Economics and Business
https://doi.org/10.17130/ijmeb.700856