Berument, HakanKilinc, Z.2016-02-082016-02-0820041350-4851http://hdl.handle.net/11693/24275The 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.EnglishCapital marketInflationNational economyReal exchange rateEurasiaTurkeyArticle10.1080/13504850420002445121466-4291