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      • Department of Economics
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      The effect of foreign income on economic performance of a small-open economy: evidence from Turkey

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      Author(s)
      Berument, Hakan
      Kilinc, Z.
      Date
      2004
      Source Title
      Applied Economics Letters
      Print ISSN
      1350-4851
      Electronic ISSN
      1466-4291
      Publisher
      Routledge
      Volume
      11
      Issue
      8
      Pages
      483 - 488
      Language
      English
      Type
      Article
      Item Usage Stats
      210
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      198
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      Abstract
      The effect of a shock in the foreign economic performance on the domestic economy is an attractive research area. It has consistently been found that this effect is non-negligible. However, the countries examined are mostly developed countries. In this study, the effects of a shock in foreign economy on the economic performance of Turkey are examined. The estimates suggest that a positive shock in the foreign economy positively affects Turkish output, increases the inflation rate, and appreciates the real exchange rate. © 2004 Taylor and Francis Ltd.
      Keywords
      Capital market
      Inflation
      National economy
      Real exchange rate
      Eurasia
      Turkey
      Permalink
      http://hdl.handle.net/11693/24275
      Published Version (Please cite this version)
      http://dx.doi.org/10.1080/1350485042000244512
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