Original scientific paper
Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis
Burcu Kiran
Full text: croatian pdf 150 Kb
page 57-71
downloads: 479
cite
APA 6th Edition
Kiran, B. (2011). Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis. Privredna kretanja i ekonomska politika, 21 (128), 57-71. Retrieved from https://hrcak.srce.hr/74145
MLA 8th Edition
Kiran, Burcu. "Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis." Privredna kretanja i ekonomska politika, vol. 21, no. 128, 2011, pp. 57-71. https://hrcak.srce.hr/74145. Accessed 16 Feb. 2025.
Chicago 17th Edition
Kiran, Burcu. "Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis." Privredna kretanja i ekonomska politika 21, no. 128 (2011): 57-71. https://hrcak.srce.hr/74145
Harvard
Kiran, B. (2011). 'Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis', Privredna kretanja i ekonomska politika, 21(128), pp. 57-71. Available at: https://hrcak.srce.hr/74145 (Accessed 16 February 2025)
Vancouver
Kiran B. Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis. Privredna kretanja i ekonomska politika [Internet]. 2011 [cited 2025 February 16];21(128):57-71. Available from: https://hrcak.srce.hr/74145
IEEE
B. Kiran, "Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis", Privredna kretanja i ekonomska politika, vol.21, no. 128, pp. 57-71, 2011. [Online]. Available: https://hrcak.srce.hr/74145. [Accessed: 16 February 2025]
Full text: english pdf 426 Kb
page 57-71
downloads: 1.097
cite
APA 6th Edition
Kiran, B. (2011). Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis. Privredna kretanja i ekonomska politika, 21 (128), 57-71. Retrieved from https://hrcak.srce.hr/74145
MLA 8th Edition
Kiran, Burcu. "Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis." Privredna kretanja i ekonomska politika, vol. 21, no. 128, 2011, pp. 57-71. https://hrcak.srce.hr/74145. Accessed 16 Feb. 2025.
Chicago 17th Edition
Kiran, Burcu. "Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis." Privredna kretanja i ekonomska politika 21, no. 128 (2011): 57-71. https://hrcak.srce.hr/74145
Harvard
Kiran, B. (2011). 'Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis', Privredna kretanja i ekonomska politika, 21(128), pp. 57-71. Available at: https://hrcak.srce.hr/74145 (Accessed 16 February 2025)
Vancouver
Kiran B. Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis. Privredna kretanja i ekonomska politika [Internet]. 2011 [cited 2025 February 16];21(128):57-71. Available from: https://hrcak.srce.hr/74145
IEEE
B. Kiran, "Exploring the Relationship between Consumer Credits and Interest Rates in Turkey: A Fractional Cointegration Analysis", Privredna kretanja i ekonomska politika, vol.21, no. 128, pp. 57-71, 2011. [Online]. Available: https://hrcak.srce.hr/74145. [Accessed: 16 February 2025]
Abstract
This paper investigates the relationship between consumer credits and interest rates in Turkey based on the fractional cointegration approach by using daily observations over the period from 4 January 2002 to 24 December 2010. First, we ignore the possible structural breaks in the series and perform the Geweke and Porter-Hudak (GPH) test on the residuals for fractional cointegration. Second, we determine the structural breaks “endogenously” by using a minimum LM unit root test and reapply the GPH test on the new residuals obtained from a cointegrating regression estimated with the detrended series. The results indicate that consumer credits and interest rates are fractionally cointegrated in both cases, with and without structural breaks.
Keywords
consumer credits; interest rates; fractional cointegration; structural breaks; Turkey
Hrčak ID:
74145
URI
https://hrcak.srce.hr/74145
Publication date:
17.11.2011.
Article data in other languages:
croatian
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