Avro Bölgesi Şoklarının Türkiye'ye Etkileri: Global VAR Yaklaşımı

Bu makale Türkiye’nin Avro Bölgesi ve ülkeleri ile olan ekonomik iliúkilerini Global VAR modeli kullanarak analiz etmektedir. Analiz dünyann farkl bölgelerinden 28 ülkeye ait 1996-2016 dönemini kapsayan çeyreklik verilere dayanmaktadr. Avro Bölgesi kaynakl pozitif reel üretim, reel ihracat, reel ithalat ve reel döviz kuru úoklarnn Türkiye ekonomisine etkileri genelleútirilmiú etki tepki fonksiyonlar (GIRF) analiziyle incelenmiútir. Araútrma sonuçlar, (i) Türkiye ile Avro Bölgesi makroekonomik de÷iúkenlerinin birbirleriyle ba÷lantl oldu÷unu, (ii) ticaret kanallarnn bu ba÷lantlarda önemli rol oynad÷n ve (iii) ticaret kanallarnn etki derecesinin ülkelere göre farkllaút÷n göstermektedir.

___

  • Balakrishnan, P. (2011), “Globalization and Development: India Since 1991”, The Journal of Economic Asymmetries, 8(2), 49-60.
  • Bettendorf, T. (2017), “Investigating Global Imbalances: Empirical Evidence from a GVAR Approach”, Economic Modelling, 64, 201-210.
  • Bussiere, M., Chudik, A. ve Sestieri, G. (2009), “Modelling Global Trade Flows Results from a GVAR Model”, European Central Bank Working Paper Series, 1087, European Central Bank, Frankfurt, Germany.
  • Cahit, A., øbrahim, A. ve Uncu, F. (2012), “Do÷rudan Yabanc Yatrmlarn Dünya’daki ve Türkiye’deki Geliúimi”, Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (23), 69-104.
  • Çakr, M. ve Kabundi, A. (2013), “Trade Shocks from BRIC to South Africa: A Global VAR Analysis”, Economic Modelling, 32(1), 190-202.
  • Chudik, A. ve Fratzscher, M. (2011), “Identifying the Global Transmission of the 2007-2009 Financial Crisis in a GVAR Model”, European Economic Review, 55(3), 325-339.
  • Dees, S., Di Mauro, F., Pesaran, M.H. ve Smith, L.V. (2007), “Exploring the International Linkages of the Euro Area: A Global VAR Analysis”, Journal of Applied Econometrics, 22(1), 1-38.
  • Dragomirescu-Gaina, C. ve Philippas, D. (2015), “Strategic Interactions of Fiscal Policies in Europe: A Global VAR Perspective”, Journal of International Money and Finance, 59, 49-76.
  • Eickmeier, S. ve Ng, T. (2015), “How do US Credit Supply Shocks Propagate Internationally? A GVAR Approach”, European Economic Review, 74, 128-145.
  • Erden, L. ve Ozkan, I. (2014), “Determinants of International Transmission of Business Cycles to Turkish Economy”, Economic Modelling, 36, 383-390.
  • Filardo, A.J. ve Siklos, P.L. (2020), “The Cross-Border Credit Channel and Lending Standards Surveys”, Journal of International Financial Markets, Institutions and Money, 101206.
  • Georgiadis, G. (2015), “Examining Asymmetries in the Transmission of Monetary Policy in the Euro Area: Evidence from a Mixed Cross-Section Global VAR Model”, European Economic Review, 75, 195-215.
  • Han, L., Qi, M. ve Yin, L. (2016), “Macroeconomic Policy Uncertainty Shocks on the Chinese Economy: A GVAR Analysis”, Applied Economics, 48(51), 4907-4921.
  • International Monetary Fund (IMF) (2018a), Uluslararas Finansal østatistikler (IFS), 10 Haziran, Washington, DC, https://www.imf.org/en/Data International Monetary Fund (IMF) (2018b), Dú Ticaret østatistikleri (DOT), 10 Haziran, Washington, DC, https://www.imf.org/en/Data Keller, W. (2010), “International Trade, Foreign Direct Investment, and Technology Spillovers”, Handbook of the Economics of Innovation, 2(1), 793-829.
  • Little, A.W. ve Green, A. (2009), “Successful Globalisation, Education and Sustainable Development”, International Journal of Educational Development, 29(2), 166-174.
  • Nayyar, D. (2006). “Globalisation, History and Development: A Tale of Two Centuries”, Cambridge Journal of Economics, 30(1), 137-159.
  • Organisation for Economic Co-operation and Development (OECD) (2010), Measuring Globalisation: OECD Handbook on Economic Globalisation Indicators, September, Paris, https://www.oecd.org
  • Özpnar, Ö. ve ùimúek, E. (2003), “Küreselleúmenin Getirdi÷i Sorunlar ve Bu Sorunlara Çözüm Önerileri”, Uluda÷ Üniversitesi øktisadi ve ødari Bilimler Fakültesi Dergisi, 22(2), 1-11.
  • Öztürk, ø. (2008), “Türkiye’nin Küresel Düzene Etkin Katlm”, ø. Öztürk, (eds.), Türkiye’nin Küreselleúmesi: Frsatlar ve Tehditler I. Cilt içinde, østanbul: østanbul Ticaret Odas Yaynlar.
  • Pesaran, M.H., Schuermann, T. ve Smith, L.V. (2009), “Forecasting Economic and Financial Variables with Global VARs”, International Journal of Forecasting, 25(4), 642–675.
  • Pesaran, M.H., Schuermann, T. ve Weiner, S.M. (2004), “Modeling Regional Interdependencies Using a Global Error-Correcting Macroeconometric Model”, Journal of Business & Economic Statistics, 22(2), 129-162.
  • Puskarova, P. (2015), “Assessing the Magnitude of Globalization-Induced Technology Flows in Expanded EU-Sample: A Multi-Channel Approach”, Procedia Economics and Finance, 20, 544-552.
  • Shahbaz, M., Mallick, H., Mahalik, M.K. ve Sadorsky, P. (2016), “The Role of Globalization on the Recent Evolution of Energy Demand in India: Implications for Sustainable Development”, Energy Economics, 55, 52-68.
  • Sims, C.A. (1980), “Macroeconomic and Reality”, Econometrica, 48(1), 1-48.
  • Surugiu, M.R. ve Surugiu, C. (2015), “International Trade, Globalization and Economic Interdependence between European Countries: Implications for Businesses and Marketing Framework”, Procedia Economics and Finance, 32, 131-138.
  • Sznajderska, A. (2019), “The Role of China in the World Economy: Evidence from a Global VAR Model”, Applied Economics, 51(15), 1574-1587.
  • Tam, P.S. (2018), “Global Trade Flows and Economic Policy Uncertainty”, Applied Economics, 50(34–35), 3718–3734.
  • Tam, P.S. (2019), “Global Impacts of China-US Trade Tensions”, Journal of International Trade and Economic Development, 8199.
  • Ticaret Bakanl÷ (2019), Gümrük Birli÷i, 22 Aralk, Ankara, https://www.ticaret.gov.tr
  • Türkiye østatistik Kurumu (TÜIK) (2019), Temel østatistikler, Dú Ticaret østatistikleri Ülke Gruplarna Göre Yllk øhracat ve øthalat, 20 Aralk, Ankara, http://www.tuik.gov.tr
  • Vansteenkiste, I. ve Hiebert, P. (2011), “Do House Price Developments Spillover Across Euro Area Countries? Evidence from a Global VAR”, Journal of Housing Economics, 20(4), 299-314.
  • Yang, J.Y., Lu, J. ve Jiang, R. (2017), “Too Slow or Too Fast? Speed of FDI Expansions, Industry Globalization, and Firm Performance”, Long Range Planning, 50(1), 74-92.
  • Wei, H. ve Lahiri, R. (2019), “The Impact of Commodity Price Shocks in the Presence of a Trading Relationship: A GVAR Analysis of the NAFTA”, Energy Economics, 80, 553-56