The asymmetry in the effects of defense spending shocks on economy : an emprical analysis for Turkey

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buir.supervisorAkdeniz, Levent
dc.contributor.authorYılmaz, Orhan
dc.date.accessioned2016-01-08T20:18:03Z
dc.date.available2016-01-08T20:18:03Z
dc.date.issued2005
dc.departmentDepartment of Managementen_US
dc.descriptionCataloged from PDF version of article.
dc.descriptionAnkara : The Department of Management, The Institute of Economics adn Social Sciences of Bilkent University, 2005.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2005.en_US
dc.descriptionIncludes bibliographical references (leaves 56-60).en_US
dc.description.abstractThe purpose of this study is to asses, whether or not the expansionary and contractionary defense spending shocks have asymmetric effects on the Turkish economy. It is widely believed that decrease in the government spending resulted from decrease in defense spending — although there is no guarantee that savings on defense spending would be applied to deficit reduction—will be followed by decrease in prices providing stability in the market. But contrary to these beliefs there can be asymmetry in the effect of defense spending innovations because of some factors. We have investigated the reactions of macroeconomic variables— real income, prices, money, exchange rate, and employment— to the defense spending innovations by applying vector autoregression (VAR) methodology. The empirical evidence reported here gives evidence on that there is statistically significant asymmetric effect on real income (positive defense spending shock increases the real income) and on price level (positive defense spending shock decreases price level), but there is no statistically significant evidence on the effect of expansionary and contractionary defense spending on: money supply, exchange rate, and employment variables.
dc.description.degreeM.B.Aen_US
dc.description.statementofresponsibilityby Orhan Yılmazen_US
dc.format.extentix, 62 leaves : tables ; 30 cm.en_US
dc.identifier.itemidB092406
dc.identifier.urihttp://hdl.handle.net/11693/18299
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectDefense spending
dc.subjectAsymmetric effects
dc.subjectVAR
dc.titleThe asymmetry in the effects of defense spending shocks on economy : an emprical analysis for Turkeyen_US
dc.title.alternativeSavunma harcamalarındaki beklenmedik değişimlerin ekonomi üzerine asimetrik etkisi: Türkiye için ampirik bir çalışma
dc.typeThesisen_US

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