Relationship Between Macroeconomic Indices: Fragile Five Countries Application

Seval Çetinoğlu; Yasemin Deniz Koç; Sibel Çapraz

Article Details

Relationship Between Macroeconomic Indices: Fragile Five Countries Application

Authors:

Seval Çetinoğlu | Yasemin Deniz Koç | Sibel Çapraz

Publisher:

Kütahya Dumlupinar University

Main Topics:

Finansal Ekonomi | Finansal Kurumlar | Davranışsal Finans

Journal:

Dumlupınar Üniversitesi Sosyal Bilimler Dergisi Issue 82, pp.1-10

Document Type:

Article

Publication Date:

10/2024

Document Language:

Turkish

Document ID (Org No.):

2001330173

pISSN:

1302-1842

Keywords:

Abstract:

 The research aims to investigate the relationship between macroeconomic indices in the Fragile Five countries in 2007-2021. In the study, the consumer confidence index, economic confidence index, VIX fear index, and economic discontent indices were used as variables, and four dependent variables were analyzed and interpreted for the independent variable in four different panel data models. As a result of the analysis, it was found that while TGE was the dependent variable, it was only affected by the EGE variable. At the same time, it was the dependent variable and had no relationship with other variables; while VIX was the dependent variable, it was adversely affected by the HRE variable. While IHE was the dependent variable, it was adversely affected by the change in the EGE and VIX variables. The findings have a unique value for international investors and policymakers.

 The research aims to investigate the relationship between macroeconomic indices in the Fragile Five countries in 2007-2021. In the study, the consumer confidence index, economic confidence index, VIX fear index, and economic discontent indices were used as variables, and four dependent variables were analyzed and interpreted for the independent variable in four different panel data models. As a result of the analysis, it was found that while TGE was the dependent variable, it was only affected by the EGE variable. At the same time, it was the dependent variable and had no relationship with other variables; while VIX was the dependent variable, it was adversely affected by the HRE variable. While IHE was the dependent variable, it was adversely affected by the change in the EGE and VIX variables. The findings have a unique value for international investors and policymakers.

 The research aims to investigate the relationship between macroeconomic indices in the Fragile Five countries in 2007-2021. In the study, the consumer confidence index, economic confidence index, VIX fear index, and economic discontent indices were used as variables, and four dependent variables were analyzed and interpreted for the independent variable in four different panel data models. As a result of the analysis, it was found that while TGE was the dependent variable, it was only affected by the EGE variable. At the same time, it was the dependent variable and had no relationship with other variables; while VIX was the dependent variable, it was adversely affected by the HRE variable. While IHE was the dependent variable, it was adversely affected by the change in the EGE and VIX variables. The findings have a unique value for international investors and policymakers.

 AAraştırma, 2007-2021 döneminde Kırılgan Beşli ülkelerindeki makroekonomik endeksler arasındaki ilişkiyi araştırmayı amaçlamaktadır. Çalışmada tüketici güven endeksi, ekonomik güven endeksi, VIX korku endeksi ve ekonomik hoşnutsuzluk endeksleri değişken olarak kullanılmış ve dört farklı panel veri modelinde dört bağımlı değişken bağımsız değişken için analiz edilmiş ve yorumlanmıştır. Analiz sonucunda TGE bağımlı değişken iken sadece EGE değişkeninden etkilendiği tespit edilmiştir. Aynı zamanda bağımlı değişken olup diğer değişkenlerle ilişkisi olmadığı; VIX bağımlı değişken iken İHE değişkeninden olumsuz etkilendiği tespit edilmiştir. İHE bağımlı değişken iken, EGE ve VIX değişkenlerindeki değişimden olumsuz etkilenmiştir. Bulgular, uluslararası yatırımcılar ve politika yapıcılar için eşsiz bir değere sahiptir.

Article Details

Relationship Between Macroeconomic Indices: Fragile Five Countries Application

Authors:

Seval Çetinoğlu | Yasemin Deniz Koç | Sibel Çapraz

Publisher:

Kütahya Dumlupinar University

Main Topics:

Finansal Ekonomi | Finansal Kurumlar | Davranışsal Finans

Journal:

Dumlupınar Üniversitesi Sosyal Bilimler Dergisi Issue 82, pp.1-10

Document Type:

Article

Publication Date:

10/2024

Document Language:

Turkish

Document ID (Org No.):

2001330173

pISSN:

1302-1842

Consumer confidence index

Economic confidence index

Economic discontent index

VIX fear index

Panel data regressionVIX korku endeksi

Tüketici güven endeksi

Ekonomik güven endeksi

İktisadi hoşnutsuzluk endeksi

Panel veri regresyon

Issues

Article Details

Authors: Seval Çetinoğlu | Yasemin Deniz Koç | Sibel Çapraz

Publisher: Kütahya Dumlupinar University

Main Topics: Finansal Ekonomi | Finansal Kurumlar | Davranışsal Finans

Journal: Dumlupınar Üniversitesi Sosyal Bilimler Dergisi Issue 82, pp.1-10

Document Type: Article

Publication Date: 10/2024

Document Language: Turkish

Document ID (Org No.): 2001330173

pISSN: 1302-1842

Issues

Authors:

Seval Çetinoğlu | Yasemin Deniz Koç | Sibel Çapraz

Publisher:

Kütahya Dumlupinar University

Main Topics:

Finansal Ekonomi | Finansal Kurumlar | Davranışsal Finans

Journal:

Dumlupınar Üniversitesi Sosyal Bilimler Dergisi Issue 82, pp.1-10

Document Type:

Article

Publication Date:

10/2024

Document Language:

Turkish

Document ID (Org No.):

2001330173

pISSN:

1302-1842