Show/Hide Menu
Hide/Show Apps
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Open Access Guideline
Open Access Guideline
Postgraduate Thesis Guideline
Postgraduate Thesis Guideline
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Guides
Guides
Thesis submission
Thesis submission
MS without thesis term project submission
MS without thesis term project submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Supporting Information
Supporting Information
General Information
General Information
Copyright, Embargo and License
Copyright, Embargo and License
Contact us
Contact us
Consuption, income and liquidity constraints : the case of Turkish economy
Download
index.pdf
Date
2003
Author
Ceritoğlu, Evren
Metadata
Show full item record
Item Usage Stats
226
views
92
downloads
Cite This
The aim of this thesis study is to enlighten the economic relationship among consumption, income and liquidity constraints in Turkish Economy. For this aim, generalized instrumental variables estimation technique (GIVE) is used to estimate reduced-form consumption equations derived by Hall (1978) and improved by Campbell and Mankiw (1989). Estimations are realized for two separate periods of Turkish Economy. For the sub-period of 1987 to 1995, it is observed that a significant part of households consume their current disposable income. It is thought that the presence of liquidity constraints forced households to determine their consumption simply according to their current disposable income. However, it is observed that the dependence of households to disposable income decreased substantially, when analyzed for the overall period of 1987 to 2002. Financial deepening in the economy and the rise of real credit volume contributed to the decline of the level of liquidity constraints and enabled households to allocate their income across subsequent periods evenly. Thus, it is concluded that private consumption behavior is consistent with the Permanent Income / Life- Cycle Consumption theory for 1987 to 2002 period in Turkish Economy.
Subject Keywords
Consumption
,
Income
,
Liquidity constraints
URI
http://etd.lib.metu.edu.tr/upload/1001577/index.pdf
https://hdl.handle.net/11511/14115
Collections
Graduate School of Social Sciences, Thesis
Suggestions
OpenMETU
Core
Internal migration, redistributive policies and income distribution in Turkey: an intertemporal CGE analysis
Yakut, Aykut Mert; Taymaz, Erol; Department of Economics (2016)
This thesis focuses on the effects of the public policies on the size distribution of income in Turkey. To this end, an intertemporal computable general equilibrium model with heterogeneous agents in a small open economy framework is constructed. This study serves several extensions to the literature with its algebraic structure and calibration process in which various micro-level data sets have been utilized extensively. The results reveal that, in line with the previous findings of the literature, increas...
Income and, consumption and saving behavior of Turkish households
Cilasun, Seyit Mümin; Kırdar, Murat G.; Department of Economics (2009)
Using 2002-2006 Household Budget Survey, this thesis investigates the income, consumption and saving dynamics of Turkish households within a life-cycle theory framework by employing cross-sectional analyses and cohort techniques. Cohort techniques are used not only to analyze these variables, but also to investigate the demographics and components of income and consumption. The analyses are deepened by dividing the sample according to the location of the households (urban-rural areas), and significant diffe...
Information frictions and the effects of news media bias on consumption /
Aşçıoğlu, Mert; Voyvoda, Ebru; Department of Economics (2014)
This thesis develops a model that incorporates information frictions and consumption behavior in order to explain the observations of higher volatility of consumption as well as its excess sensitivity to income in the developing countries. The information frictions in the model arise both from the information source, specified as the biased news media, and the conditions of the consumers that affect the costs they face in forming full information rational expectations. These two channels are argued to be mo...
Politics of neoliberal transformation: a comparative analysis of debt-led consumption and crisis in Turkey and Greece
Durmaz, Günseli; Bedirhanoğlu Toker, Pınar; Department of International Relations (2015)
This thesis analyzes the neoliberal transformations of Greece and Turkey and the role of debt-led economic development strategy in this process. In order to explain historical specificities of these cases that identify the change today, a comparative historical analysis will be conducted. With this aim, the complex and multilateral relationship between state, market, international institutions and the constitutive of financial credits will be explored and the scope of this thesis will be confined to to the ...
Patent applications/grants and their economic analysis for Turkey
Gökovalı, Ummuhan; Türel, Oktar; Department of Economics (2003)
The basic aim of this study is to investigate the relationship between patents and some economic variables at sectoral level for Turkish economy for the period 1985-98. In order to classify patent data into a sectoral classification system, we employed two concordances, namely, YTC and MERIT. The study includes three distinct empirical analyses. The first one analyzes the contribution of knowledge stock to industry-level productivity in Turkey. Our preferred method is GMM-System estimation, results of which...
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
E. Ceritoğlu, “ Consuption, income and liquidity constraints : the case of Turkish economy,” M.S. - Master of Science, Middle East Technical University, 2003.
