Effects of growth volatility on economic performance-empirical evidence from Turkey

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buir.contributor.authorBerument, Hakan
dc.citation.epage356en_US
dc.citation.issueNumber2en_US
dc.citation.spage351en_US
dc.citation.volumeNumber217en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorDincer, N. N.en_US
dc.contributor.authorMustafaoglu, Z.en_US
dc.date.accessioned2015-07-28T12:04:39Z
dc.date.available2015-07-28T12:04:39Z
dc.date.issued2012en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper examines the relationship between growth and growth volatility for a small open economy with high growth volatility: Turkey. Quarterly data for the period from 1987Q1 to 2007Q3 suggests that growth volatility reduces growth and that this result is robust under different specifications. This paper contributes to the literature by focusing on how growth volatility affects a set of variables that are crucial for growth. Empirical evidence from Turkey suggests that higher growth volatility reduces total factor productivity, investment, and the foreign currency value of local currency (depreciation). Moreover, it increases employment, though the evidence for this is not statistically significant. © 2011 Elsevier B.V. All rights reserved.en_US
dc.identifier.doi10.1016/j.ejor.2011.09.026en_US
dc.identifier.eissn1872-6860
dc.identifier.issn0377-2217
dc.identifier.urihttp://hdl.handle.net/11693/13111
dc.language.isoEnglishen_US
dc.publisherElsevier BVen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.ejor.2011.09.026en_US
dc.source.titleEuropean Journal of Operational Researchen_US
dc.subjectEconomicsen_US
dc.subjectGrowth volatilityen_US
dc.subjectInvestmenten_US
dc.subjectReal exchange rateen_US
dc.subjectSustainabilityen_US
dc.subjectTotal factor productivityen_US
dc.titleEffects of growth volatility on economic performance-empirical evidence from Turkeyen_US
dc.typeArticleen_US

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