dc.contributor.author |
Balcılar, Mehmet |
|
dc.date.accessioned |
2019-06-25T11:41:41Z |
|
dc.date.available |
2019-06-25T11:41:41Z |
|
dc.date.issued |
2009 |
|
dc.identifier.citation |
Balcılar, M. (2009). Sources of output volatility in mena countries. 1-22 ss. |
tr_TR |
dc.identifier.uri |
http://hdl.handle.net/11616/12065 |
|
dc.description.abstract |
This paper attempts an assessment of the relative importance of various shocks in accounting for output fluctuations in MENA countries. We decomposed macroeconomic shocks into country-specific, regional, and global sources, and using a small open economy SVAR model, we identify the relative importance of each shock in explaining output volatility in the 15 MENA countries. Our result show that country-specific factors account for most of the output volatility in the region. For less than half of the countries in the region, global shocks play a significant role in explaining output volatility. Contrary to some findings in the empirical literature, especially on Sub-Saharan Africa, the regional factor does not seem to have a statistically significant impact in any of the countries under consideration. The results are uniform and no statistically significant difference is observed for the countries in the MENA region. Furthermore, oil-exporting and oil-poor countries in the sample do not show any noticeable difference. |
tr_TR |
dc.language.iso |
eng |
tr_TR |
dc.publisher |
İnönü Üniversitesi İktisadi ve İdari Bilimler Fakültesi |
tr_TR |
dc.rights |
info:eu-repo/semantics/openAccess |
tr_TR |
dc.subject |
Output volatility |
tr_TR |
dc.subject |
Open economy macroeconomic |
tr_TR |
dc.subject |
SVAR; MENA |
tr_TR |
dc.title |
Sources of output volatility in mena countries |
tr_TR |
dc.type |
bookPart |
tr_TR |
dc.contributor.department |
İnönü Üniversitesi |
tr_TR |
dc.identifier.volume |
0 |
tr_TR |
dc.identifier.issue |
0 |
tr_TR |
dc.identifier.startpage |
1 |
tr_TR |
dc.identifier.endpage |
22 |
tr_TR |