Uncertainties are one of the factors affecting investors' investment decisions. In accordance with wait-and-see policy, which is best option for investors in an uncertain environment, can postpone their and consumption especially economic policies affect decisions more deeply. this context, goal study to test effect European Economic Policy Uncertainty (EPU) index, represents uncertainties coun...

The purpose of this study was to empirically investigate the interactions between various taxes and GDP, and to detect whether taxes function as an automatic stabilizer in Turkey. Firstly, When using a time series unit-root test as proposed by Dickey-Fuller (1979), econometric findings revealed that taxes and level of GDP are not static. Secondly, upon employing cointegration designed by Johans...

application to circulation of the giraffe head. Am J Physiol Regul Integr Comp Physiol 256: R567–R571, 1989. 11. Hicks JW and Badeer HS. Gravity and the circulation: “open” vs. “closed” systems. Am J Physiol Regul Integr Comp Physiol 262: R725– R732, 1992. 12. Hill L and Bernard H. The influence of the force of gravity on the circulation. Part II. J Physiol (Lond) 21: 328–352, 1897. 13. Lillywh...

application to circulation of the giraffe head. Am J Physiol Regul Integr Comp Physiol 256: R567–R571, 1989. 11. Hicks JW and Badeer HS. Gravity and the circulation: “open” vs. “closed” systems. Am J Physiol Regul Integr Comp Physiol 262: R725– R732, 1992. 12. Hill L and Bernard H. The influence of the force of gravity on the circulation. Part II. J Physiol (Lond) 21: 328–352, 1897. 13. Lillywh...

This paper examines the relationship between stock returns and inflation. We focus on various econometric techniques to test this relationship, using monthly values of the Athens Stock Exchange Price index and the Greek Consumer Price index over the period 1988-2002. The results from a simple OLS model show evidence of a positive but not significant relationship, while when we consider a system...

application to circulation of the giraffe head. Am J Physiol Regul Integr Comp Physiol 256: R567–R571, 1989. 11. Hicks JW and Badeer HS. Gravity and the circulation: “open” vs. “closed” systems. Am J Physiol Regul Integr Comp Physiol 262: R725– R732, 1992. 12. Hill L and Bernard H. The influence of the force of gravity on the circulation. Part II. J Physiol (Lond) 21: 328–352, 1897. 13. Lillywh...

This paper generalizes the cointegrated vector autoregressive model of Johansen (1988) to allow for structural changes. Estimation under various hypotheses is made possible by a new estimation technique, that makes it simple to derive a number of interesting likelihood ratio tests. E.g., the test for m structural changes against m+ k structural changes (occurring at fixed points in time), m ∈ N...