Theoretical and Applied Economics
No. 3 / 2019 (620), Autumn
Determinants of domestic saving rate in Turkey: A new generation econometric analysis
Aydin Adnan Menderes University, Turkey
Abstract. In this study, the determinants of domestic savings rate in Turkey are investigated by Johansen cointegration test and DOLS method for 1975-2018 periods. At the end of the analysis, the most important determinants of savings are found to be per capita income, real interest rates, inflation, employment and economic risk perception (gold prices). Error correction mechanisms of the models operate. The causality relationships between the variables are examined by Breitung and Candelon (2006) frequency domain causality test. While no causal relationship from real interests and gold prices to savings is determined, permanent causality from national income and employment to savings and temporary causality from inflation to savings are found.
Contents
The main factors of economic growth in the European Union
Currency risk management model
Assessing the performance of Pillar II in Romania – time weighted versus money weighted rate of return
Does democracy increase total tax revenues? The case of selected OECD countries
An evaluation of the turnover tax system in South Africa
Sensitivity of bankruptcy prediction models to the change in econometric methods
Risk management associated with the interbank relationships
Challenging the status quo: Steel producer case study on the enterprise value for M&A
Innovation as imperative for increasing productivity and economic growth: The case of the selected EU member countries and non-EU member countries
International Financial Markets face to face with Artificial Intelligence and Digital Era
Determinants of domestic saving rate in Turkey: A new generation econometric analysis
A behavioral model of failure in business
The effect of oil prices on foreign trade deficit in the economics of Bulgaria
Relationship between mortality and financial crisis. The case of Greece
Profit management in the case of financial distress and global volatile market behaviour: Evidence from Borsa Istanbul Stock Exchange
Insurance consumption in the Maghreb countries (Algeria, Morocco and Tunisia): Financial and institutional determinants
Non-linear finance-growth nexus for African countries: A panel smooth transition regression approach