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Business Cycles in Turkey and European Union Countries: A Perspective to the Membership

Yıl 2005, Cilt: 1 Sayı: 1, - , 01.06.2005

Hakan Berument Zübeyir Kılınç Eray Yücel

Öz

This article assesses how the business cycles in Turkey coincide with the business cycles of member and candidate countries of the European Union. The evidence provided in the paper suggests that there is a negative linkage between Turkish and European business cycle dynamics when the Turkish crises are included in the data sets. This implies that the timing of the common economic policies of the European Union in order to decrease the volatility of output may actually increase the output volatility, rather than to decrease, for Turkey. On the other hand, when only the non-crises data of Turkey is employed, a pro-cyclical linkage is revealed between Turkish and the European economies. This suggests that policies enhancing the macroeconomic stability and preventing crises are crucial for healthier synchronization of the Turkish economy with its EU counterparts.

Anahtar Kelimeler

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Business Cycles in Turkey and European Union Countries: A Perspective to the Membership

Yıl 2005, Cilt: 1 Sayı: 1, - , 01.06.2005

Hakan Berument Zübeyir Kılınç Eray Yücel

Öz

This article assesses how the business cycles in Turkey coincide with the business cycles of member and candidate countries of the European Union. The evidence provided in the paper suggests that there is a negative linkage between Turkish and European business cycle dynamics when the Turkish crises are included in the data sets. This implies that the timing of the common economic policies of the European Union in order to decrease the volatility of output may actually increase the output volatility, rather than to decrease, for Turkey. On the other hand, when only the non-crises data of Turkey is employed, a pro-cyclical linkage is revealed between Turkish and the European economies. This suggests that policies enhancing the macroeconomic stability and preventing crises are crucial for healthier synchronization of the Turkish economy with its EU counterparts.

Anahtar Kelimeler

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Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Hakan Berument

Zübeyir Kılınç Bu kişi benim

Eray Yücel Bu kişi benim

Yayımlanma Tarihi 1 Haziran 2005
Gönderilme Tarihi 12 Aralık 2014
Yayımlandığı Sayı Yıl 2005 Cilt: 1 Sayı: 1

Kaynak Göster

APA Berument, H., Kılınç, Z., & Yücel, E. (2005). Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi, 1(1). https://doi.org/10.17233/se.90376
AMA Berument H, Kılınç Z, Yücel E. Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi. Haziran 2005;1(1). doi:10.17233/se.90376
Chicago Berument, Hakan, Zübeyir Kılınç, ve Eray Yücel. “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”. Sosyoekonomi 1, sy. 1 (Haziran 2005). https://doi.org/10.17233/se.90376.
EndNote Berument H, Kılınç Z, Yücel E (01 Haziran 2005) Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi 1 1
IEEE H. Berument, Z. Kılınç, ve E. Yücel, “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”, Sosyoekonomi, c. 1, sy. 1, 2005, doi: 10.17233/se.90376.
ISNAD Berument, Hakan vd. “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”. Sosyoekonomi 1/1 (Haziran 2005). https://doi.org/10.17233/se.90376.
JAMA Berument H, Kılınç Z, Yücel E. Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi. 2005;1. doi:10.17233/se.90376.
MLA Berument, Hakan vd. “Business Cycles in Turkey and European Union Countries: A Perspective to the Membership”. Sosyoekonomi, c. 1, sy. 1, 2005, doi:10.17233/se.90376.
Vancouver Berument H, Kılınç Z, Yücel E. Business Cycles in Turkey and European Union Countries: A Perspective to the Membership. Sosyoekonomi. 2005;1(1).
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