E-ISSN 2791-9439 | ISSN 1300-1868
 

Original Article 


STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET

Funda Yurdakul, Alpaslan Akçoraoğlu.

Cited By:6

Abstract
The goal of this paper is to explore the long-run relationship between stockreturns and some macroeconomic factors in the presence of a structural break forthe Turkish stock market. Since Turkey experienced severe financial crises,various stabilization programs and alternative macroeconomic policies in thepast decade, we can expect that the relationship between stock returns andmacroeconomic variables lacks stability during the period 1987-2004. Toconsider the stability of our model in relation to structural changes in the Turkisheconomy, we utilize recent methodological contributions which allow for thepresence of a regime shift. The findings based on Gregory and Hansen'sprocedure suggest that there is a strong long-run relationship between stockreturns and some macroeconomic factors in the emerging Turkish stock market. On the other hand, the evidence presented in this paper indicate that certain macroeconomic variables (i.e., exchange rate, money supply and real economicactivity) play a significant role in explaining variations in stock returns for thecase of Turkish stock market.

Key words: na



[Türkçe Başlık Yok]

Ozet
yok

Anahtar Kelimeler: yok


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Funda Yurdakul
Articles by Alpaslan Akçoraoğlu
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

Funda Yurdakul, Alpaslan Akcoraoğlu. STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET. Ekonomik Yaklasim. 2005; 16(55): 17-30. doi:10.5455/ey.10518


Web Style

Funda Yurdakul, Alpaslan Akcoraoğlu. STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET. https://www.ekonomikyaklasim.org/?mno=155986 [Access: January 04, 2024]. doi:10.5455/ey.10518


AMA (American Medical Association) Style

Funda Yurdakul, Alpaslan Akcoraoğlu. STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET. Ekonomik Yaklasim. 2005; 16(55): 17-30. doi:10.5455/ey.10518



Vancouver/ICMJE Style

Funda Yurdakul, Alpaslan Akcoraoğlu. STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET. Ekonomik Yaklasim. (2005), [cited January 04, 2024]; 16(55): 17-30. doi:10.5455/ey.10518



Harvard Style

Funda Yurdakul, Alpaslan Akcoraoğlu (2005) STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET. Ekonomik Yaklasim, 16 (55), 17-30. doi:10.5455/ey.10518



Turabian Style

Funda Yurdakul, Alpaslan Akcoraoğlu. 2005. STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET. Ekonomik Yaklasim, 16 (55), 17-30. doi:10.5455/ey.10518



Chicago Style

Funda Yurdakul, Alpaslan Akcoraoğlu. "STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET." Ekonomik Yaklasim 16 (2005), 17-30. doi:10.5455/ey.10518



MLA (The Modern Language Association) Style

Funda Yurdakul, Alpaslan Akcoraoğlu. "STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET." Ekonomik Yaklasim 16.55 (2005), 17-30. Print. doi:10.5455/ey.10518



APA (American Psychological Association) Style

Funda Yurdakul, Alpaslan Akcoraoğlu (2005) STOCK RETURNS, MACROECONOMIC FACTORS AND STRUCTURAL BREAKS: AN APPLICATION FOR THE TURKISH STOCK MARKET. Ekonomik Yaklasim, 16 (55), 17-30. doi:10.5455/ey.10518





Most Viewed Articles
Most Accessed Articles

  • Ulusların Düşüşü - Güç, Zenginlik ve Yoksulluğun Kökenleri
    Why Nations Fail - The Origins of Power, Prosperity and Poverty [Turkish]
    Gönül DİNÇER
    Ekonomik Yaklasim. 2014; 25(93): 65-76
    » Abstract » doi: 10.5455/ey.35517

  • DOSTOYEVSKİ'NİN İKTİSADİ YAKLAŞIMI VE İKTİSADİ AKLIN ELEŞTİRİSİ
    Dostoevsky’s Approach to Economics and Critique of the Economic Man [Turkish]
    Ceyhun GÜRKAN, Mustafa ÖZİŞ
    Ekonomik Yaklasim. 2012; 23(82): 99-128
    » Abstract » doi: 10.5455/ey.20004

  • BÜTÇE AÇIKLARININ CARİ İŞLEMLER DENGESİ ÜZERİNE ETKİLERİ: İKİZ AÇIKLAR HİPOTEZİNİN TÜRKİYE AÇISINDAN DEĞERLENDİRİLMESİ
    Effects of Budget Deficit on Current Account Balance: Analysis of Twin Deficits Hypothesis in Case of Turkey [Turkish]
    Metin BAYRAK; Ömer ESEN
    Ekonomik Yaklasim. 2012; 23(82): 23-49
    » Abstract » doi: 10.5455/ey.20001

  • TÜRKİYE'DE KAMU SEKTÖRÜ BÜYÜKLÜĞÜ VE EKONOMİK BÜYÜME İLİŞKİSİNİN AMPİRİK ANALİZİ
    An Empirical Analysis on the Relationship between Public Sector Size and Economic Growth in Turkey [Turkish]
    Ömer Faruk ALTUNÇ, Celil AYDIN
    Ekonomik Yaklasim. 2012; 23(82): 79-98
    » Abstract » doi: 10.5455/ey.20003

  • TÜRKİYE EKONOMİSİ İÇİN NAIRU TAHMİNİ
    NAIRU Estimation for the Turkish Economy [Turkish]
    Özlem YİĞİT; Atilla GÖKÇE
    Ekonomik Yaklasim. 2012; 23(83): 69-91
    » Abstract » doi: 10.5455/ey.34098

  • Most Downloaded
    Top Downloaded Articles

  • Küresel Dengesizlikler ve Kriz Tartışması Işığında Cari Denge ve Sermaye Hesabını Anlamak
    Understanding Developments in Current Accounts and Financial Flows in Light of Discussions on Global Imbalances and Recent Crises [Turkish]
    Hasan Cömert, Güney Düzçay
    Ekonomik Yaklasim. 2015; 26(96): 59-90
    » Abstract » doi: 10.5455/ey.35901

  • TEKNOLOJi TRANSFERi VE GELiŞMEKTE OLAN ÜLKELERiN REKABET GÜCÜ
    English Title Not Available [Turkish title: TEKNOLOJi TRANSFERi VE GELiŞMEKTE OLAN ÜLKELERiN REKABET GÜCÜ] [Turkish]
    Refik ÜREYEN, Metin DURGUT, Müfit AKYOS, Oğuz KARAKOÇ
    Ekonomik Yaklasim. 2003; 14(47 - Proceedings): 69-92
    » Abstract » doi: 10.5455/ey.10379

  • Sürdürülebilirlik Üzerine Tarihsel ve Güncel Bir Perspektif
    A Historical and Current Perspective on Sustainability [Turkish]
    Hüseyin Şen, Ayşe Kaya, Barış Alpaslan
    Ekonomik Yaklasim. 2018; 29(107): 1-47
    » Abstract » doi: 10.5455/ey.39101

  • Uluslararası Finansal Krizler
    English title is not available [Turkish title: Uluslararası Finansal Krizler] [Turkish]
    Veysel Çalışkan
    Ekonomik Yaklasim. 2003; 14(49 - Proceedings): 225-240
    » Abstract » doi: 10.5455/ey.10403

  • XVII. YÜZYILDA OSMANLILAR VE MERKANTİLİSTLER
    English Title Not Available [Turkish Title:XVII. YÜZYILDA OSMANLILAR VE MERKANTİLİSTLER] [Turkish]
    Mehmet BULUT
    Ekonomik Yaklasim. 2000; 11(39): 23-35
    » Abstract » doi: 10.5455/ey.10334

  • Most Cited Articles
    Most Cited Articles

  • HAYVANSAL GÜDÜLER: İNSAN PSİKOLOJİSİ EKONOMİYİ NASIL YÖNLENDİRİR VE KÜRESEL KAPİTALİZM İÇİN NİÇİN ÖNEMLİDİR?
    Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism [Turkish]
    Gönül DİNÇER
    Ekonomik Yaklasim. 2011; 22(81): 129-132
    » Abstract » doi: 10.5455/ey.20020
    Cited : 5522 times [Click to see citing articles]

  • İHRACAT VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ, İTHALATIN ROLÜ: TÜRKİYE ÖRNEĞİ (1980-1996)
    THE RELATIONSHIP BETWEEN EXPORT AND ECONOMIC GROWTH, THE EFFECTS OF IMPORT: THE CASE OF TURKEY (1980-1996) [Turkish]
    Arslan YIĞIDIM, Nezir KÖSE
    Ekonomik Yaklasim. 1997; 8(26): 71-85
    » Abstract » doi: 10.5455/ey.10258
    Cited : 91 times [Click to see citing articles]

  • İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)
    English Title Not Available [Turkish Title:İKİZ AÇIKLAR HİPOTEZİ (TÜRKİYE UYGULAMASI)] [Turkish]
    Ahmet ZENGİN
    Ekonomik Yaklasim. 2000; 11(39): 37-67
    » Abstract » doi: 10.5455/ey.10335
    Cited : 89 times [Click to see citing articles]

  • TÜRKİYE\'DE İHRACAT, İTHALAT VE EKONOMİK BÜYÜME ARASINDAKİ iLiŞKİLERiN ZAMAN SERİSİ ANALİZİ
    A Time Series Analysis of Export, lmport and Economic Growth Relations in Turkey [Turkish]
    Mustafa ÖZER, Levent ERDOĞAN
    Ekonomik Yaklasim. 2006; 17(60-61): 93-110
    » Abstract » doi: 10.5455/ey.10619
    Cited : 85 times [Click to see citing articles]

  • Sürdürülebilirlik Üzerine Tarihsel ve Güncel Bir Perspektif
    A Historical and Current Perspective on Sustainability [Turkish]
    Hüseyin Şen, Ayşe Kaya, Barış Alpaslan
    Ekonomik Yaklasim. 2018; 29(107): 1-47
    » Abstract » doi: 10.5455/ey.39101
    Cited : 78 times [Click to see citing articles]