The Gibson Paradox: An Empirical Investigation for Turkey
AbstractThis paper tests the existence of Gibson paradox using the traditional and modern time series techniques in the case of a developing country, Turkey. Even though the results from the traditional Gibson paradox regression suggested a positive relationship between the interest rates and the prices levels in Turkish data, subsequently it was proven to be spurious. On analyzing the time series properties of the variables and the results from the Johansen cointegration procedure, we reveal that there is no support of the Gibson paradox in Turkish data.
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Bibliographic InfoArticle provided by European Research Studies Journal in its journal European Research Studies Journal.
Volume (Year): VII (2004)
Issue (Month): 1-2 ()
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Other versions of this item:
- Halicioglu, Ferda, 2004. "The Gibson Paradox: An Empirical Investigation for Turkey," MPRA Paper 3556, University Library of Munich, Germany.
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
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