Sources of output volatility in mena countries
| 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.department | İnönü Üniversitesi | en_US |
| 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. | en_US |
| dc.identifier.citation | Balcılar, M. (2009). Sources of output volatility in mena countries. 1-22 ss. | en_US |
| dc.identifier.endpage | 22 | en_US |
| dc.identifier.issue | 0 | en_US |
| dc.identifier.startpage | 1 | en_US |
| dc.identifier.uri | https://hdl.handle.net/11616/12065 | |
| dc.identifier.volume | 0 | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | İnönü Üniversitesi İktisadi ve İdari Bilimler Fakültesi | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | Output volatility | en_US |
| dc.subject | Open economy macroeconomic | en_US |
| dc.subject | SVAR; MENA | en_US |
| dc.title | Sources of output volatility in mena countries | en_US |
| dc.type | Book Chapter | en_US |
