Nowcasting the New Turkish GDP

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dc.authorwosidYazgan, Ege/GPG-1135-2022
dc.contributor.authorSoybilgen, Baris
dc.contributor.authorYazgan, Ege
dc.date.accessioned2024-07-18T20:51:07Z
dc.date.available2024-07-18T20:51:07Z
dc.date.issued2018
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractIn this study, we predict year-on-year and quarter-on-quarter Turkish GDP growth rates between 2012:Q1 and 2016:Q4 with a medium-scale dataset. Our proposed model outperforms both the competing dynamic factor model (DFM) and univariate benchmark models. Our results suggest that in nowcasting current GDP, all relevant information is released within the contemporaneous quarter; hence, no predictive power is added afterwards. Moreover, we show that the inclusion of construction/ service sector variables and credit variables improves the prediction accuracy of the DFM.en_US
dc.identifier.endpage+en_US
dc.identifier.issn1545-2921
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85047528451en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage1083en_US
dc.identifier.urihttps://hdl.handle.net/11411/8399
dc.identifier.volume38en_US
dc.identifier.wosWOS:000444017900024en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEconomics Bulletinen_US
dc.relation.ispartofEconomics Bulletinen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleNowcasting the New Turkish GDP
dc.typeArticle

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