2008 Global Crisis, The Case Struggle Turkey

2008 Global Crisis, The Case Struggle Turkey

Bulut, Şahin

In this survey, how Turkey overcame the 2008 crisis was studied using 2002:1-2011:12 period data through co-integration test. Within the scope of Empiric analysis, the influence of selected macroeconomic variables such as Economical growth, ISE, unemployment, export, agriculture, foreign currency rate-USD and supply of Money were studied through two-stage Engle-Granger co-integration method. As a result of co-integration test, in the long run, export policies, IMKB, agriculture and foreign currency policies practiced have positive contribution to economic growth; therefore, Turkey has been successful in the struggle against economic crisis. Money supply policies had negative effect on economic growth and the recent economic crisis affected the growth of Turkish economy in a negative way. In the short term, export and agriculture had a positive effect on the growth of Turkish economy but global economic crisis had a negative effect. Keywords: 2008 Global economic crisis, struggle, Turkey, co-integration.

Conference or Workshop Item
PeerReviewed

2012-05-31

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