The Relationship Between Inflation And Economic Growth Evidence From Turkey

Dr. Hamza ÖZÇİFTÇİ

Table of Contents

Preface . III

Abstract V

Table of Figures . IX

1. Introduction . 1

2. Inflation 3

2.1 Types of Inflation 4

2.2 Effects of Inflation . 6

3. Economic Growth 9

4. The Relationship between Inflation and Economic Growth . 11

4.1 Research Concluding Inflation Positively Affects Economic Growth . 11

4.2 Research Concluding Inflation Negatively Affects Economic Growth . 13

4.3 The Relationship between Inflation and Growth within the Framework of Threshold Value . 19

4.4 The Relationship between Inflation and Growth in Turkey 25

5. Historical Evolution of the Relationship between Inflation and Economic Growth in Turkey . 29

5.1 Between 1980-1993 . 29

5.2 Between 1994-2001 . 31

5.3 Between 2002-2014 . 33

6. Methodology . 37

6.1 Data Description 37

6.2 Descriptive Statistics . 37

7. Empirical Results 41

8. Conclusion 47

9. References 49