Avrupa Birliği Üyesi 13 Ülkede Post-Keynesyen Para Arzinin İçselliği Hipotezinin Test Edilmesi
Testing of Post-Keynesian Endogeneity of Money Supply Hypothesis for the 13 Member States of European Union
Author(s): Sayım Işik, Huriye Alkin, Mehmet UluğSubject(s): Supranational / Global Economy, Methodology and research technology, Financial Markets
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: Post Keynesian; Money Supply; Endogenity; Panel Data Analysis;
Summary/Abstract: The aim of this study is to analyze Post Keynesian endogeous money theory of 13 European union countries for period 2001-2015. For this aim, unit root tests, cointegration tests, Panel ARDL and then Granger causality tests have been performed. The results of this study supports Post-Keynesian endogenous money theory of 13 European union countries. In this regard, the empirical evidence shows that credits which are created to correspond the money demand of people are the basis of money supply.
Journal: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Issue Year: 9/2018
- Issue No: 17
- Page Range: 1-20
- Page Count: 20
- Language: Turkish