Browsing by Subject "Error Correction Model"

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    Econometric modelling of import demand and export supply in Turkey
    (2001) Çevik, Saygın
    In this thesis, I estimate the export supply and import demand equations for Turkey using quarterly data over the period 1989-2000. Unlike the previous studies done for Turkey, in this study the sub-items of the total import demand, namely, intermediate, capital and consumption goods import demand equations are estimated. In empirical analysis, first the cointegration is tested by using two different approaches: Engle-Granger (1987) and Johansen (1991) approach. After finding long-run relationships, error correction models are specified and estimated for export supply and import demand equations respectively. The main conclusion that emerges from empirical results is that foreign trade developments in Turkey are highly dependent on the economic activity and the effects of exchange rate policy on imports and exports appear to be fairly limited.
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    Monetary dynamics: evidence from cointegration and error correction modeling: the case of Turkey
    (1992) Kelezoğlu, Hüseyin
    This paper addresses Lhe issue of Les-Ling Lhe cointegration relationship for a conventional money demand function and constructing an error correction model CECMD of it to analyze both long-run and short run dynamics by using Turkish quarterly data during the period 1977:1-1989:4. The assumption that all the determinants of the long run money demand function are endogenous allowed the construction of ECM in vector autoregressive CVARD form. This became much helpful on the examination of temporal causality characteristics of the long run Turkish money demand function.