International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 1047
Status : Paper published
Language : Turkish
Topic : Macroeconomics
Presenter: Assoc. Prof. Dr. Utku Altunöz
Session : 5C Kalkınma II
Consumption Function and the Empirical Analysis of the Relationship between Income and Consumption for Turkey
Tüketim Fonksiyonu ve Türkiye için Gelir-Tüketim İlişkisinin Ampirik Analizi
- Assoc. Prof. Dr. Utku Altunöz (Sinop University, Türkiye)
Abstract
The relationship between income and consumption is one of the most important subjects of economics that became the subjects of many study. In this study, Absolute Income Theory of Keynes for Turkey is predicted by using the data in period 1987 – 2012 and the method of cointegration. Before the econometric analysis, the function of consumption, consumption theories, studies involving these theories and its critics were examined. After that, variables were examined the unit root situations. Two variables do not take action together and it is seen that they do not affect each other when the long term relations and the short term dynamics are examined.
JEL codes: C32, E21, E64
Altunöz, Utku (2014). "Consumption Function and the Empirical Analysis of the Relationship between Income and Consumption for Turkey" in Proceedings of International Conference of Eurasian Economies 2014, pp.601-607, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.01047
