The time-varying impacts of global economic policy uncertainty on macroeconomic activity in a small open economy: the case of Turkey

Daştan, Muhammet; Karabulut, Kerem; Yalçınkaya, Ömer

doi:10.1007/s10258-023-00239-0

Port Econ J

2023

DOI: 10.1007/s10258-023-00239-0

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The time-varying impacts of global economic policy uncertainty on macroeconomic activity in a small open economy: the case of Turkey

Muhammet Daştan,

Kerem Karabulut,

Ömer Yalçınkaya

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2024

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Exploring the Relationship Between Technological Progress, Human Capital, Political Uncertain, Energy Consumption, and Economic Growth: Evidence from a Panel Data Analysis

Oliveira,

Moutinho,

Afonso

2024

J Knowl Econ

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This study examines the determinants of economic growth by integrating technological progress, human capital, energy consumption, and monetary policy uncertainty in an extended theoretical model. The empirical investigation covers 18 economies from 2009 to 2019 and applies the Bias-Corrected Estimation (BC) and Generalized Method of Moments (GMM) techniques. The findings reveal that while gross capital formation is a significant growth driver, financial development has no meaningful impact. Notably, intermediate education contributes positively to growth, whereas advanced education surprisingly shows a negative effect. Additionally, the results indicate a direct relationship between renewable energy consumption and growth, with oil consumption having a negative impact. Political instability, measured by the Global Economic Policy Uncertainty (GEPU) index, also hinders growth.

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Exploring the Relationship Between Technological Progress, Human Capital, Political Uncertain, Energy Consumption, and Economic Growth: Evidence from a Panel Data Analysis

Oliveira,

Moutinho,

Afonso

2024

J Knowl Econ

View full text Add to dashboard Cite

show abstract

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The time-varying impacts of global economic policy uncertainty on macroeconomic activity in a small open economy: the case of Turkey

Cited by 1 publication

References 75 publications

Exploring the Relationship Between Technological Progress, Human Capital, Political Uncertain, Energy Consumption, and Economic Growth: Evidence from a Panel Data Analysis

Exploring the Relationship Between Technological Progress, Human Capital, Political Uncertain, Energy Consumption, and Economic Growth: Evidence from a Panel Data Analysis

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