NDLI: A regional analysis of inflation dynamics in Turkey

Content Provider	Springer Nature Link
Author	Yesilyurt, Filiz Elhorst, J. Paul
Copyright Year	2013
Abstract	A hybrid new Keynesian Phillips curve is estimated with spatial interaction effects among the dependent and the independent variables using data of 67 provinces across Turkey over the period 1987–2001. In contrast to previous studies, backward-looking behavior appears to be more or equally important than forward looking behavior. Furthermore, when the impact of this behavior is split up into a direct effect on the own province and an indirect effect on neighboring provinces, which due to employing a spatial econometric approach is possible, we find significant evidence in favor of convergence. This is an important finding since it corroborates a process of regional integration of inflation rates across Turkey, which is a precondition in the accession process of Turkey to the European Union.
Starting Page	1
Ending Page	17
Page Count	17
File Format	PDF
ISSN	05701864
Journal	The Annals of Regional Science
Volume Number	52
Issue Number	1
e-ISSN	14320592
Language	English
Publisher	Springer Berlin Heidelberg
Publisher Date	2013-08-08
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Regional/Spatial Science Landscape/Regional and Urban Planning Microeconomics Environmental Economics Geography (general)
Content Type	Text
Resource Type	Article
Subject	Social Sciences Environmental Science

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A regional analysis of inflation dynamics in Turkey