Yazarlar |
Fatma Zeren
Türkiye |
Doç. Dr. Hüseyin Levent KORAP
Türkiye |
Özet |
This paper tries to examine the long run relationships between the aggregate consumer prices and some cost-based components for the Turkish economy. Based on a simple economic model of the macro-scaled price formation, multivariate cointegration techniques have been applied to test whether the real data support the a priori model construction. The results reveal that all of the factors, related to the price determination, have a positive impact on the consumer prices as expected. We find that the most significant component contributing to the price setting is the nominal exchange rate depreciation. We also cannot reject the linear homogeneity of the sum of all the price data as to the domestic inflation. The paper concludes that the Turkish consumer prices have in fact a strong cost-push component that contributes to the aggregate pricing. |
Anahtar Kelimeler |
Aggregate consumer prices | Cointegration | Turkish economy |
Makale Türü | Özgün Makale |
Makale Alt Türü | SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale |
Dergi Adı | PANOECONOMICUS |
Dergi ISSN | 1452-595X |
Dergi Tarandığı Indeksler | SSCI |
Makale Dili | Türkçe |
Basım Tarihi | 01-2010 |
Cilt No | 57 |
Sayı | 2 |
Sayfalar | 173 / 188 |
Doi Numarası | 10.2298/PAN1002173Z |
Makale Linki | http://panoeconomicus.org/index.php/jorunal/article/view/182 |