Volatılıty Spıllovers from The Internatıonal Capıtal Inflows to Economıc Growth in Turkey
This paper empirically investigates the volatility interactions between the international capital inflows to Turkey and Turkish economic growth using the post-financial-liberalization era data. With an Extended Constant Conditional Correlation GARCH model, it is shown that there are volatility spill...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Lembaga Pendidikan Profesional Cendekia Hotel and Business School
2017-01-01
|
Series: | International Business and Accounting Research Journal |
Subjects: | |
Online Access: | http://ibarj.com/index.php/ibarj/article/view/3 |
id |
doaj-5e943e21c94d4c6daa3a082bc8edb1c6 |
---|---|
record_format |
Article |
spelling |
doaj-5e943e21c94d4c6daa3a082bc8edb1c62020-11-25T03:43:20ZengLembaga Pendidikan Profesional Cendekia Hotel and Business SchoolInternational Business and Accounting Research Journal2549-03032017-01-0111182510.15294/ibarj.v1i1.33Volatılıty Spıllovers from The Internatıonal Capıtal Inflows to Economıc Growth in TurkeyArif Orçun Söylemez0Department of Economics, Marmara University, TurkeyThis paper empirically investigates the volatility interactions between the international capital inflows to Turkey and Turkish economic growth using the post-financial-liberalization era data. With an Extended Constant Conditional Correlation GARCH model, it is shown that there are volatility spillovers from the capital inflows to growth in Turkey. Some earlier studies in literature have already established a positive relationship between the capital inflows and economic growth in Turkey. According to their results, as the mean value of capital inflows to Turkey increases, so does the conditional mean value of Turkish economic growth. This study is important for it shows that as the volatility of capital inflows to Turkey increases, so does the volatility of Turkish economic growth.http://ibarj.com/index.php/ibarj/article/view/3economic growth, international capital, garch model, volatility spillovers, volatility. |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Arif Orçun Söylemez |
spellingShingle |
Arif Orçun Söylemez Volatılıty Spıllovers from The Internatıonal Capıtal Inflows to Economıc Growth in Turkey International Business and Accounting Research Journal economic growth, international capital, garch model, volatility spillovers, volatility. |
author_facet |
Arif Orçun Söylemez |
author_sort |
Arif Orçun Söylemez |
title |
Volatılıty Spıllovers from The Internatıonal Capıtal Inflows to Economıc Growth in Turkey |
title_short |
Volatılıty Spıllovers from The Internatıonal Capıtal Inflows to Economıc Growth in Turkey |
title_full |
Volatılıty Spıllovers from The Internatıonal Capıtal Inflows to Economıc Growth in Turkey |
title_fullStr |
Volatılıty Spıllovers from The Internatıonal Capıtal Inflows to Economıc Growth in Turkey |
title_full_unstemmed |
Volatılıty Spıllovers from The Internatıonal Capıtal Inflows to Economıc Growth in Turkey |
title_sort |
volatılıty spıllovers from the internatıonal capıtal inflows to economıc growth in turkey |
publisher |
Lembaga Pendidikan Profesional Cendekia Hotel and Business School |
series |
International Business and Accounting Research Journal |
issn |
2549-0303 |
publishDate |
2017-01-01 |
description |
This paper empirically investigates the volatility interactions between the international capital inflows to Turkey and Turkish economic growth using the post-financial-liberalization era data. With an Extended Constant Conditional Correlation GARCH model, it is shown that there are volatility spillovers from the capital inflows to growth in Turkey. Some earlier studies in literature have already established a positive relationship between the capital inflows and economic growth in Turkey. According to their results, as the mean value of capital inflows to Turkey increases, so does the conditional mean value of Turkish economic growth. This study is important for it shows that as the volatility of capital inflows to Turkey increases, so does the volatility of Turkish economic growth. |
topic |
economic growth, international capital, garch model, volatility spillovers, volatility. |
url |
http://ibarj.com/index.php/ibarj/article/view/3 |
work_keys_str_mv |
AT ariforcunsoylemez volatılıtyspılloversfromtheinternatıonalcapıtalinflowstoeconomıcgrowthinturkey |
_version_ |
1724520562679611392 |