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1980 Sonrasi ekonomik krizlerin Turkie tarim sektoru uzerindeki etkileri
[The impact of economic crisis on agricultural macroeconmic variables in turkey for the period of 1980-2008]

Author

Listed:
  • Aktas, Erkan
  • Tuncer, İsmail
  • Aydın, Murat

Abstract

This study explores the impact of the economic crisis on the agricultural sector of Turkey. The data used covers the period of 1980-2008. This study employs some agricultural macro variables namely, gross value added of the agricultural sector, quantity index of agricultural export and import values, relative prices of agricultural goods and the reel exchange rate. The framework of the analysis is a five variables VAR model. Via this VAR model the study try to assess the impact of the economic crisis that occurred after the 1980’s on the agricultural sector of Turkey. Applying the VAR model a robust relationship is found between agricultural GDP, import, export, relative prices and exchange rates. The assessment of the effect of the economic crisis is being captured by adding a dummy variable to the model. The results show that there is no robust relationship between agricultural GDP and the indicator of the years of the (dummy) crisis. Moreover, there seems to be a positive relationship between the dummy and agricultural export and exchange rate while a negative one between import and relative prices.

Suggested Citation

  • Aktas, Erkan & Tuncer, İsmail & Aydın, Murat, 2010. "1980 Sonrasi ekonomik krizlerin Turkie tarim sektoru uzerindeki etkileri
    [The impact of economic crisis on agricultural macroeconmic variables in turkey for the period of 1980-2008]
    ," MPRA Paper 14588, University Library of Munich, Germany, revised 15 Jun 2010.
  • Handle: RePEc:pra:mprapa:14588
    as

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    File URL: https://mpra.ub.uni-muenchen.de/14588/1/MPRA_paper_14588.pdf
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    References listed on IDEAS

    as
    1. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economic Crisis; VAR; Agricultural Macro-Variables; Turkey;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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