Business Cycle Asymmetry: Deepness and Steepness in Turkey
The purpose of this study is to examine “steepness” and “deepness” asymmetry in The Turkish business cycle. The study explains the concept and the kind of business cycle asymmetry and examines the kind of the asymmetry by using quarterly real GDP, industrial production, and manufacturing production...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Editura ASE Bucuresti
2015-12-01
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| Series: | Romanian Economic Journal |
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| Online Access: | http://www.rejournal.eu/article/business-cycle-asymmetry-deepness-and-steepness-turkey |
| _version_ | 1811283391034687488 |
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| author | Banu Tanrıöver Rahmi Yamak |
| author_facet | Banu Tanrıöver Rahmi Yamak |
| author_sort | Banu Tanrıöver |
| collection | DOAJ |
| description | The purpose of this study is to examine “steepness” and “deepness” asymmetry in The Turkish business cycle. The study explains the concept and the kind of business cycle asymmetry and examines the kind of the asymmetry by using quarterly real GDP, industrial production, and manufacturing production in Turkey for the period of 1987:I-2014:I. The presence of seasonal component was determined by Kruskal-Wallis test and decomposed with X12-ARIMA method. Then skewness test that consists of steepness and deepness tests of Sichel (1993) was applied to cycle components. The significance level of the skewness statistics was investigated by using Newey-West (1987) method. According to Newey-West results, the presence of deepness asymmetry was accepted for real GDP, industrial production and manufacturing production in all the kernels options. The presence of steepness asymmetry was also accepted for all the variables. |
| first_indexed | 2024-04-13T02:10:45Z |
| format | Article |
| id | doaj.art-b706fe037feb4f2490b298f2f01627fc |
| institution | Directory Open Access Journal |
| issn | 1454-4296 2286-2056 |
| language | English |
| last_indexed | 2024-04-13T02:10:45Z |
| publishDate | 2015-12-01 |
| publisher | Editura ASE Bucuresti |
| record_format | Article |
| series | Romanian Economic Journal |
| spelling | doaj.art-b706fe037feb4f2490b298f2f01627fc2022-12-22T03:07:19ZengEditura ASE BucurestiRomanian Economic Journal1454-42962286-20562015-12-01XVIII588196Business Cycle Asymmetry: Deepness and Steepness in TurkeyBanu Tanrıöver 0Rahmi Yamak1PhD, Assistant Professor, Department of Economics, Osmaniye Korkut Ata University, Turkey, e-mail: banutanriover@osmaniye.edu.trPhD, Professor, Department of Econometrics, Karadeniz Technical University, Turkey, e-mail: yamak@ktu.edu.trThe purpose of this study is to examine “steepness” and “deepness” asymmetry in The Turkish business cycle. The study explains the concept and the kind of business cycle asymmetry and examines the kind of the asymmetry by using quarterly real GDP, industrial production, and manufacturing production in Turkey for the period of 1987:I-2014:I. The presence of seasonal component was determined by Kruskal-Wallis test and decomposed with X12-ARIMA method. Then skewness test that consists of steepness and deepness tests of Sichel (1993) was applied to cycle components. The significance level of the skewness statistics was investigated by using Newey-West (1987) method. According to Newey-West results, the presence of deepness asymmetry was accepted for real GDP, industrial production and manufacturing production in all the kernels options. The presence of steepness asymmetry was also accepted for all the variables.http://www.rejournal.eu/article/business-cycle-asymmetry-deepness-and-steepness-turkeyBusiness Cycle AsymmetrySteepness and Deepness AsymmetrySkewness TestKruskal-Wallis TestNewey-West Standard Error |
| spellingShingle | Banu Tanrıöver Rahmi Yamak Business Cycle Asymmetry: Deepness and Steepness in Turkey Romanian Economic Journal Business Cycle Asymmetry Steepness and Deepness Asymmetry Skewness Test Kruskal-Wallis Test Newey-West Standard Error |
| title | Business Cycle Asymmetry: Deepness and Steepness in Turkey |
| title_full | Business Cycle Asymmetry: Deepness and Steepness in Turkey |
| title_fullStr | Business Cycle Asymmetry: Deepness and Steepness in Turkey |
| title_full_unstemmed | Business Cycle Asymmetry: Deepness and Steepness in Turkey |
| title_short | Business Cycle Asymmetry: Deepness and Steepness in Turkey |
| title_sort | business cycle asymmetry deepness and steepness in turkey |
| topic | Business Cycle Asymmetry Steepness and Deepness Asymmetry Skewness Test Kruskal-Wallis Test Newey-West Standard Error |
| url | http://www.rejournal.eu/article/business-cycle-asymmetry-deepness-and-steepness-turkey |
| work_keys_str_mv | AT banutanrıover businesscycleasymmetrydeepnessandsteepnessinturkey AT rahmiyamak businesscycleasymmetrydeepnessandsteepnessinturkey |