Data Management

An Essay Upon The Business Cycle Facts: The Turkish Case

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Executive Summary

In the paper, the authors try to investigate the main determinants of the Turkish business cycles. Having examined some important issues of interest in business cycle theory, they estimate the business cycle stylized facts for the Turkish economy and compare the estimation results obtained in this paper to some benchmark papers chosen in business cycle literature. All in all, the estimation results give support to the importance of supply side models in explaining the Turkish business cycles in line with the contemporaneous Real Business Cycle Theory.

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