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An essay upon the business cycle facts: the Turkish case

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  • Levent, Korap

Abstract

In our paper, we try to investigate the main determinants of the Turkish business cycles. Having examined some important issues of interest in business cycle theory, we estimate the business cycle stylized facts for the Turkish economy and compare the estimation results obtained in this paper to some benchmark papers chosen in business cycle literature. All in all, our estimation results give support to the importance of supply side models in explaining the Turkish business cycles in line with the contemporaneous Real Business Cycle Theory.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 21717.

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Date of creation: 2006
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Handle: RePEc:pra:mprapa:21717

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Keywords: Business Cycles ; Turkish Economy ; Countercyclical Prices ; Supply-Driven Models ;

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