International Conference on Eurasian Economies
2-4 September 2020 – Baku - AZERBAIJAN
Paper properties
Paper ID : 2384
Status : Paper published
Language : Turkish
Topic : Macroeconomics
Presenter: Asst. Prof. Dr. Gözde Bozkurt
Presentation Location : Beykent
Session : 4A Makroekonomi
Investigation of Turkey and Azerbaijan Economy Macroeconomic Variables
Türkiye ve Azerbaycan Ekonomilerinin Makroekonomik Değişkenler Açısından İncelenmesi
- Prof. Dr. Volkan Öngel (Istanbul Beykent University, Türkiye)
- Asst. Prof. Dr. Hasan Sadık Tatlı (Istanbul Beykent University, Türkiye)
- Asst. Prof. Dr. Gözde Bozkurt (Istanbul Beykent University, Türkiye)
Abstract
The study aims to determine the presence or absence of causality relationship between economic growth, employment, inflation, exchange rate, import, export in Turkey, and Azerbaijan. In the study, the two countries' annual frequency data from 1992-2018 were analyzed with the Granger causality test. According to the study, the employment rate of GDP growth appears to be the one-way Granger cause for Turkey. Also, it has been determined that the import and exchange rate is caused to the employment rate. It was observed that GDP growth and export were active on inflation and were Granger cause to inflation. It is determined that GDP growth in Azerbaijan is Granger cause to exchange rate and employment. It is also observed that the exchange rate affects inflation. According to the findings, GDP growth has an impact on the employment rate in both countries. While GDP growth is found to be active over inflation in Turkey, it is seen to be valid on the exchange rate in Azerbaijan. Research differs from similar studies in the literature in terms of variables used and countries. The findings of the research have some limitations. The data frequency used in the research starts in 1992, depending on Azerbaijan gaining its independence in 1991. The data used in the research are on an annual basis. Also, local/regional and global crisis effects have been ignored for both countries.
JEL codes: E61, E01
Öngel, Volkan, Tatlı, Hasan Sadık, Bozkurt, Gözde (2020). "Investigation of Turkey and Azerbaijan Economy Macroeconomic Variables" in Proceedings of International Conference of Eurasian Economies 2020, pp.115-123, Baku - AZERBAIJAN.
DOI: https://doi.org/10.36880/C12.02384
