Araştırma Makalesi
Yıl 2020,
Cilt: 7 Sayı: 7, 1 - 12, 07.08.2020
Öz
Kaynakça
- Atkeson, A. (March 2020). What Will Be the Economic Impact of COVID-19 in the US? Ough Estimates of Disease Scenarios. NBER Working Paper No.26867
- Baker, S.R., Bloom, N., Davis, S.J., Terry S.J. (April, 2020). Covid-Induced Economic Uncertainty. NBER Working Paper 26983.
- Baldwin, R., Weder di Mauro, B. (2020). Economics in the Time of COVID-19, VoxEU CEPR Press, 2020.
- Boeschoten, W.C. (1992). Currency Use and Payments Patterns. Hollanda: Kluwer Academic Publishers.
- Breusch, T.S., Pagan, A.R. (1979). A Simple Test for Heteroscedasticity and Random Coeffcient Variation. Econometrica 47, 1287–1294.
- Çiğdem, G. (Mar 2020). Multidisipliner Yaklaşmla İktisadi Kriz Olgusu, Cilt 3. Ankara: Gazi Kitapevi.
- Çiğdem, G. (June 2020). COVID-19 – Net Foreign Exchange Reserve Relationship in Turkey: Evidence From ARDL Bounds Testing Approach. Journal of Business, Economics and Finance (JBEF), 9(2), 80-96. Doi: 10.17261/Pressacademia.2020.1216.
- European Center for Disease Prevention and Control (ECDC). Communicable Disease Threats Report, 17-23 May 2020, Week 21. https://www.ecdc.europa.eu/sites/default/files/documents/Communicable-disease-threats-report-23-may-2020.pdf
- Eichenbaum, M.S., Rebelo, S., Trabandt, M. (March 2020). The Macroeconomics of Epidemics. Working Paper 26882, National Bureau of Economic Research.
- Enders, W. (1995). Applied Econometric Time Series. John Wiley & Son, Inc. USA.
- Fernandes, N. (Mar 2020). Economic Effects of Coronavirus Outbreak (COVID-19) on the World Economy. Available at SSRN: https://ssrn.com/abstract=3557504 or http://dx.doi.org/10.2139/ssrn.3557504
- Fornaro, L., Wolf, M. (March, 2020). Covid-19 Coronavirus and Macroeconomic Policy. Technical Report, CEPR. Federal Reserve Bank of St. Louis October 2018.
- Godfrey, L.G. (1978). Testing for Multiplicative Heteroscedasticity. Journal of Econometrics 8, 227–236.
- Guerrieri, V., Lorenzoni, G., Straub, L., Werning, I. (April 2020). Macroeconomic Implications of Covid-19: Can Negative Supply Schocks Cause Demand Shortages? NBER Working Paper 26918.
- Halk Sağlığı Uzmanları Derneği (HASUDER). Kümülatif Vaka Sayısı ve Enfeksiyon Hızı. https://korona.hasuder.org.tr/hasuder-yeni-koronavirus-covid-19-haber-postasi-18-05-2020/
- Jorda, O., Singh, S.S., Taylor, A.M. (March 2020). Longer-run Economic Consequences of Pandemics. Mimeo.
- Loayza, N.V., Pennings, S. (March 2020). Macroeconomic Policy in the Time of COVID-19:A Primer for Developing Countries. Research & Policy Briefs From the World Bank Malaysia Hub. https://elibrary.worldbank.org/doi/pdf/10.1596/33540
- Ozili, P.K., Arun, T.G. (April 2020). Spillover of COVID-19: Impact on the Global Economy. SSRN Electronic Journal.
- Pesaran, M.H., Shin, Y., and Smith, R.J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16 (3), 289-326.
- WHO, WHO Director-General's opening remarks at the media briefing on COVID-19 https://www.who.int/dg/speeches/detail/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19---11-march-2020
Yıl 2020,
Cilt: 7 Sayı: 7, 1 - 12, 07.08.2020
Öz
ABSTRACT
Purpose - This work inquires whether there's a correlation between Covid-19 and the emission in Turkey.
Methodology - For this purpose, the daily data on COVID-19 seen in Turkey (cumulative case and infection rate data from Public Health Experts Association (HASUDER)) and daily emission data obtained from the Central Bank of Turkey (CBT) balance sheet for the period between 11 March-22 May 2020 were tested using the ARDL Bounds Test Approach and analyzed within the frame work of the Error Correction Model (VECM). And to query short-run relationship, Granger Test over the VECM Model has been applied.
Findings- According to the analysis result; i.There is a cointegration in the long run between COVID-19 and the emission, and is statistically significant. Ii.There is a bidirectional causality between the variables in the short run. Iii. There is a positive correlation between emission and infection rate.
Conclusion- The demand for money in this process, which started with a health crisis and turned into a global economic crisis with a global shock of uncertainty, caused sharp increases in the emission volume in the short term. However, inflation will follow this sharp increase in emissions. For the central bank, whose main purpose is to ensure price stability, COVID-19 and emission are a double edged sword. This study contributes to the formation of literature on COVID-19 and is also noteworthy for its results.
Anahtar Kelimeler
Kaynakça
- Atkeson, A. (March 2020). What Will Be the Economic Impact of COVID-19 in the US? Ough Estimates of Disease Scenarios. NBER Working Paper No.26867
- Baker, S.R., Bloom, N., Davis, S.J., Terry S.J. (April, 2020). Covid-Induced Economic Uncertainty. NBER Working Paper 26983.
- Baldwin, R., Weder di Mauro, B. (2020). Economics in the Time of COVID-19, VoxEU CEPR Press, 2020.
- Boeschoten, W.C. (1992). Currency Use and Payments Patterns. Hollanda: Kluwer Academic Publishers.
- Breusch, T.S., Pagan, A.R. (1979). A Simple Test for Heteroscedasticity and Random Coeffcient Variation. Econometrica 47, 1287–1294.
- Çiğdem, G. (Mar 2020). Multidisipliner Yaklaşmla İktisadi Kriz Olgusu, Cilt 3. Ankara: Gazi Kitapevi.
- Çiğdem, G. (June 2020). COVID-19 – Net Foreign Exchange Reserve Relationship in Turkey: Evidence From ARDL Bounds Testing Approach. Journal of Business, Economics and Finance (JBEF), 9(2), 80-96. Doi: 10.17261/Pressacademia.2020.1216.
- European Center for Disease Prevention and Control (ECDC). Communicable Disease Threats Report, 17-23 May 2020, Week 21. https://www.ecdc.europa.eu/sites/default/files/documents/Communicable-disease-threats-report-23-may-2020.pdf
- Eichenbaum, M.S., Rebelo, S., Trabandt, M. (March 2020). The Macroeconomics of Epidemics. Working Paper 26882, National Bureau of Economic Research.
- Enders, W. (1995). Applied Econometric Time Series. John Wiley & Son, Inc. USA.
- Fernandes, N. (Mar 2020). Economic Effects of Coronavirus Outbreak (COVID-19) on the World Economy. Available at SSRN: https://ssrn.com/abstract=3557504 or http://dx.doi.org/10.2139/ssrn.3557504
- Fornaro, L., Wolf, M. (March, 2020). Covid-19 Coronavirus and Macroeconomic Policy. Technical Report, CEPR. Federal Reserve Bank of St. Louis October 2018.
- Godfrey, L.G. (1978). Testing for Multiplicative Heteroscedasticity. Journal of Econometrics 8, 227–236.
- Guerrieri, V., Lorenzoni, G., Straub, L., Werning, I. (April 2020). Macroeconomic Implications of Covid-19: Can Negative Supply Schocks Cause Demand Shortages? NBER Working Paper 26918.
- Halk Sağlığı Uzmanları Derneği (HASUDER). Kümülatif Vaka Sayısı ve Enfeksiyon Hızı. https://korona.hasuder.org.tr/hasuder-yeni-koronavirus-covid-19-haber-postasi-18-05-2020/
- Jorda, O., Singh, S.S., Taylor, A.M. (March 2020). Longer-run Economic Consequences of Pandemics. Mimeo.
- Loayza, N.V., Pennings, S. (March 2020). Macroeconomic Policy in the Time of COVID-19:A Primer for Developing Countries. Research & Policy Briefs From the World Bank Malaysia Hub. https://elibrary.worldbank.org/doi/pdf/10.1596/33540
- Ozili, P.K., Arun, T.G. (April 2020). Spillover of COVID-19: Impact on the Global Economy. SSRN Electronic Journal.
- Pesaran, M.H., Shin, Y., and Smith, R.J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16 (3), 289-326.
- WHO, WHO Director-General's opening remarks at the media briefing on COVID-19 https://www.who.int/dg/speeches/detail/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19---11-march-2020
Toplam 20 adet kaynakça vardır.
Ayrıntılar
| Birincil Dil | İngilizce |
|---|---|
| Bölüm | Makaleler |
| Yazarlar | |
| Yayımlanma Tarihi | 7 Ağustos 2020 |
| Yayımlandığı Sayı | Yıl 2020 Cilt: 7 Sayı: 7 |
