| Description |
1 online resource (35 pages) : illustrations |
| Series |
Discussion paper series, 0265-8003 ; no. 13352 Public economics Development economics Macroeconomics and growth |
|
Discussion paper (Centre for Economic Policy Research (Great Britain)) ; no. 13352.
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| Summary |
Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging markets are elusive because of measurement and reverse causality issues. In this paper, we construct a news-based economic policy uncertainty (EPU) index for Turkey and assess how it affects Turkish firms. To disentangle the issues of endogeneity and reverse causality, we use a difference-in-differences approach. In sectors with large irreversible investment EPU has a greater effect on growth, investment, and leverage. The results are robust to different definitions of investment irreversibility, lag structure, and selection of sectors |
| Notes |
"Published 02 December 2018." |
|
"Submitted 28 November 2018." |
| Bibliography |
Includes bibliographical references (pages 25-28) |
| Notes |
Online resource; title from http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=13352 viewed December 5, 2018 |
| Subject |
Uncertainty -- Economic aspects
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Investments -- Decision making
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Economic development -- Turkey
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Economic development.
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Economic history.
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Economic policy.
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Investments -- Decision making.
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Uncertainty -- Economic aspects.
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| SUBJECT |
Turkey -- Economic policy
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Turkey -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85138790
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| Subject |
Turkey.
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| Form |
Electronic book
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| Author |
Spilimbergo, Antonio, author.
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Centre for Economic Policy Research (Great Britain), publisher.
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