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Empirical Applications to Research the Levels of Affected by the 2008 Crisis According To The Macro-Economic Structures of Developing and Developed Countries

Year 2022, Volume: 6 Issue: 3, 1152 - 1172, 14.09.2022
https://doi.org/10.25295/fsecon.1098921

Abstract

In this study, the impact levels of the 2008 crisis were investigated according to the macroeconomic factors of selected developed and developing countries classified according to OECD data. In the study, first of all, the level of being affected by the crisis according to the macro factors of developed and developing countries and the dynamic relations of macroeconomic factors over time were examined. Then, it was researched that developed and developing countries were more affected by the crisis according to which macroeconomic factors. The hypothesis of this study is that while underdeveloped and underdeveloped countries were more affected by the previous crises, developed countries may have been more affected by the 2008 Mortgage Crisis, which is one of the new generation financial crises. In the research, VAR Analysis method was applied by using quarterly unemployment rates, inflation rates, Current Account Deficit/GDP, FDI/GDP data of 18 developed and 13 developing countries between 2008-2019. According to the findings obtained as a result of the analysis, it was determined that developing countries were affected more strongly by the unemployment factor in the first periods after the crisis, and developed countries were affected more than developing countries in the following periods. According to the findings obtained from the inflation rate factor, it is seen that developing countries react more negatively in all periods compared to developed countries, while the reaction of developed countries is positive in all periods. and the severity of the reaction decreases with time.

References

  • Adrian T. and Shin H.S. (2009). The Shadow Banking System: İmplications For Fi Nancial Regulation, Financial Stability Review, Banque de France, issue 13, pages 1-10, September.
  • Akgüç, Ö. (2009). Kriz Nedeni ve Çıkış Yolları, Muhasebe ve Finansman Dergisi, (42), 6-11.
  • Alam Q., Tariquzzaman A.T.M. ve Yusuf M. (2010). Securitization and Subprime Crisis: A critical Analysis of the Role of Credit Rating Agencies, Working Paper, Monash University Business and Economics.

2008 Krizinden Gelişmiş ve Gelişmekte Olan Ülkelerin Makroekonomik Yapılarına Göre Etkilenme Düzeylerinin Araştırılması Üzerine Ampirik Uygulamalar

Year 2022, Volume: 6 Issue: 3, 1152 - 1172, 14.09.2022
https://doi.org/10.25295/fsecon.1098921

Abstract

Çalışma kapsamında analize dahil edilmiş olan gelişmiş ve gelişmekte olan ülkeler, OECD verileri baz alınarak sınıflandırılmıştır. 2008 krizinden ülkelerin makroekonomik faktörlerine göre etkilenme düzeylerinin araştırılması hedeflenmiştir. 2008 krizinden önce yaşanmış krizlerden az gelişmiş ya da gelişmemiş ülkelerin daha güçlü etkilenmiş olduğu bilinmekte iken yeni nesil kriz olan 2008 krizinden gelişmiş ülkelerin daha çok etkilenmiş olabileceğinin araştırılması bu çalışmanın hipotezidi ve bu hususun araştırılması hedeflenmiştir. Öncelikli olarak gelişmiş ve gelişmekte olan ülke ekonomilerinin 2008 krizinden etkilenme düzeyleri ve makroekonomik faktörlerin zaman içinde gözlemlene dinamik ilişkilerinin ortaya konması hedeflenmiştir. 18 gelişmiş ve 13 gelişmekte olan ülkenin, 2008-2019 zaman aralığında çeyrek dönemlik işsizlik oranları, enflasyon oranları, Cari Açık/GSYİH, DYY/GSYİH verileri kullanılmış ve VAR Analizi ile analize edilmiştir ve bulgular detaylıca çalışma içinde açıklanmıştır. Analiz sonucunda enflasyon oranı faktöründen elde edilen bulgulara göre, gelişmekte olan ülkelerin gelişmiş ülkelere göre tüm dönemlerde daha olumsuz tepki verdiği, gelişmiş ülkelerin tepkisinin ise tüm dönemlerde olumlu olduğu ve tepkinin şiddetinin zamanla azaldığı görülmektedir.

References

  • Adrian T. and Shin H.S. (2009). The Shadow Banking System: İmplications For Fi Nancial Regulation, Financial Stability Review, Banque de France, issue 13, pages 1-10, September.
  • Akgüç, Ö. (2009). Kriz Nedeni ve Çıkış Yolları, Muhasebe ve Finansman Dergisi, (42), 6-11.
  • Alam Q., Tariquzzaman A.T.M. ve Yusuf M. (2010). Securitization and Subprime Crisis: A critical Analysis of the Role of Credit Rating Agencies, Working Paper, Monash University Business and Economics.
There are 3 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section Articles
Authors

Merve Arslan 0000-0001-5252-3741

Hamide Arslan 0000-0002-3256-4295

İsmail Erkan Çelik 0000-0002-2274-0750

Publication Date September 14, 2022
Published in Issue Year 2022 Volume: 6 Issue: 3

Cite

APA Arslan, M., Arslan, H., & Çelik, İ. E. (2022). Empirical Applications to Research the Levels of Affected by the 2008 Crisis According To The Macro-Economic Structures of Developing and Developed Countries. Fiscaoeconomia, 6(3), 1152-1172. https://doi.org/10.25295/fsecon.1098921

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