Author/Authors :
GÖÇER, İsmet Adnan Menderes Üniversitesi - Öğretim Elemanı ve İİBF İktisat Bölümü, Turkey , ÖZDEMİR, Abdullah Adnan Menderes Üniversitesi - Nazilli iiBF iktisat Bölümü, Turkey
Title Of Article :
Spillover Process and Effects of 2008 Global Crisis: An Econometric Analysis for Selected Countries
Abstract :
Global economic crisis started in USA mortgage market in mid- 2007. Through derivative products market the crisis has deeply affected the entire financial sector, spread throughout the world in a short time, and affected every country deeply. In this study, the causes, spillover process and the effects of the last economic crisis on the selected countries have been analyzed by using 1980- 2010 data via Engle-Granger co-integration method. According to the results of analysis; the growth of countries is mostly affected by private consumption expenditure. Effect of the crisis is negative and statistically significant
NaturalLanguageKeyword :
Global Crisis , Spillover Process , Effects
JournalTitle :
Afyon Kocatepe University Journal Of Social Sciences
