| Autor: |
Ahmet Güven, Atila Karkacier, Emre Aslan, Türker Şimşek |
| Rok vydání: |
2014 |
| Předmět: |
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| Zdroj: |
International Conference on Eurasian Economies 2014. |
| ISSN: |
2687-4725 |
| DOI: |
10.36880/c05.01120 |
| Popis: |
This study aim to identify the affecting factors about business cycles synchronization between Turkey and its trade partner, Macedonia. For a better understanding of the subject, we give the theoretical and empirical literatures. Countries are faced with crises and recessions because of often fluctuations in the economy. Dynamic structure of economic fluctuations should be analyzed for the combat the crises and recessions. It must be analyzed the relationship between business cycles fluctuations and economic variables with sophisticated econometric methods. Analyzing the business cycles synchronization is important for the sake of stability and determining the prudential policies. We used Panel Generalized Methods of Moments to analyze the business cycles synchronization between Turkey and its trade partner, Macedonia via STATA. Identifying the determinants of business cycles synchronizations between Turkey and Macedonian economies provide the effective economic policies in these countries. Effective economic policy increase the trade volume between Turkey and Macedonia. If we identify the business cycles synchronization correctly, policy makers take an advantage for interventions on economy. After the analyzed, we conclude that there is a business cycles synchronization between Turkey and Macedonia. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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