Relationship between hot money and economic growth: Tar-cointegration and MS-VAR analysis


Bildirici M. E. , Alp E. A. , Kayıkcı F.

AFRICAN JOURNAL OF BUSINESS MANAGEMENT, cilt.5, ss.1060-1075, 2011 (SSCI İndekslerine Giren Dergi)

  • Cilt numarası: 5
  • Basım Tarihi: 2011
  • Dergi Adı: AFRICAN JOURNAL OF BUSINESS MANAGEMENT
  • Sayfa Sayısı: ss.1060-1075

Özet

In this study, the effect of hot money on Turkish economy was studied. The relationship between hot money and economic growth was analyzed through MSVAR-VECM and TAR Cointegration methods by using interest rate, budget deficit, net foreign purchases in the IMKB, the current account deficit, exchange rate and industrial production index variables during 1997 and 2010.