ANALYSIS OF RELATIONSHIP BETWEEN GOVERMENT DOMESTIC DEBTS AND BASIC MACROECONOMIC INDICATORS IN TURKEY

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dc.authoridYilanci, Veli/0000-0001-5738-690X
dc.authorwosidYilanci, Veli/B-1891-2010
dc.contributor.authorGov, Abdullah
dc.contributor.authorYilanci, Veli
dc.date.accessioned2024-08-04T20:11:41Z
dc.date.available2024-08-04T20:11:41Z
dc.date.issued2022
dc.departmentİnönü Üniversitesien_US
dc.description.abstractMost of the algorithms used in the literature for the Granger (1969) causality test are based on a statistical significance test. The fact that the number of variables included in the model is sufficiently large may lead to some problems in the estimating of Granger causality test equations. Lozano et al. (2009) emphasizes that it is very important for Granger causality methods to formulate the group structure appropriately among lagged values of any time series. Bahadori and Liu (2013) stated that the Granger causality approach may not provide consistent results for a high-dimensional data set within sufficient number observations. In order to solve such problems in Granger causality tests, Granger causality approaches based on various penalized estimators are developed. The applications of Granger causality approaches based on various penalized estimators in the context of economic variables are very few in the literature. In this study, the causality relationship between goverment domestic debts and some basic macroeconomic indicators in Turkey is analyzed with Granger causality approaches based on various penalized estimators. According to the results of LASSO GN, elastic net GN and elastic net CGN tests, it was determined that there are bidirectional causal relationships between government debt, inflation, exchange rate, money supply, interest rate, industrial production index, and primary balance.en_US
dc.identifier.doi10.30798/makuiibf.834949
dc.identifier.endpage812en_US
dc.identifier.issn2149-1658
dc.identifier.issue2en_US
dc.identifier.startpage788en_US
dc.identifier.trdizinid1162134en_US
dc.identifier.urihttps://doi.org/10.30798/makuiibf.834949
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/1162134
dc.identifier.urihttps://hdl.handle.net/11616/92909
dc.identifier.volume9en_US
dc.identifier.wosWOS:000870039700004en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isotren_US
dc.publisherMehmet Akif Ersoy Univen_US
dc.relation.ispartofJournal of Mehmet Akif Ersoy University Economics and Administrative Sciences Facultyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectLASSO Grangeren_US
dc.subjectElastic net Grangeren_US
dc.subjectLASSO Copula Grangeren_US
dc.subjectDomestic Debtsen_US
dc.subjectMacroeconomic Indicatorsen_US
dc.titleANALYSIS OF RELATIONSHIP BETWEEN GOVERMENT DOMESTIC DEBTS AND BASIC MACROECONOMIC INDICATORS IN TURKEYen_US
dc.typeArticleen_US

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