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    New perspective to management, economic growth and debt nexus analysis: Evidence from Indian economy
    (wiley, 2022) Udemba, Edmund Ntom; Bekun, Festus Victor; Kirikkaleli, Dervis; Döngül, Esra Sipahi
    Recently, Indian economic performance has been on a continuous upward trajectory in terms of GDP growth amidst external debt. This study considers in the context of management the measure of maintaining the positive trend of Indian economic growth, taking into account the potentially damaging impact of debt in the near future. To this end, the annual time series frequency data from 1975-2016 is employed for econometrics analysis. The study utilizes the co-integration technique in conjunction with Granger causality tests for causality direction among the variables under consideration in this study. The empirical findings of our study are as follows: debt ratio to GDP has a significant positive relationship with GDP growth and trade openness is significant but exerts a negative relationship with the economic growth of India. Furthermore, FDI has a positive and significant link with the economic growth of India, investment has a positive and significant link with economic growth of India, capital has a positive and significant link with the economic growth of India, and population has a negative and significant link to the economic growth of India. Based on our study findings, we conclude that in the long-run, debt ratio to GDP, FDI, investment, capital, and inflation are all positively related to the economic growth of India, while the likes of trade openness and population have a dampening effect on the economic growth of India. © 2023 Scrivener Publishing LLC.
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    Öğe
    The regime switching evidence of financial-economic-political risk in Turkey
    (Springer Science and Business Media B.V., 2023) Kirikkaleli, Dervis; Alola, Andrew Adewale
    In recent time, Turkey could be said to have experienced different levels of Economic Risk, Financial Risk, and Political Risk from low- to high-level. This study investigates the linkage between country risks, namely Financial Risk, Economic Risk, and Political Risk (FEP risk) in Turkey for the period 1984Q1 to 2019Q1 by using threshold cointegration, Markow-switching regression (given the nonlinearity and structural breaks observed in the time series variables), and frequency domain causality approaches. The empirical findings of this study reveal that (i) nonlinear cointegration between Economic Risk, Financial Risk, and Political Risk in Turkey is statistically significant given the evidence of threshold cointegration test, which determines the structural breaks endogenously; (ii) there is positive linkage among the component of country risk at different volatility periods; (iii) there is a significant Granger causal linkage between Economic Risk, Financial Risk and Political Risk at the different frequency levels. The study is likely to open debate about the literature since the study concludes with a discussion on short-run and long-run implications for economic, political, and financial stabilises, thus offering policy suggestions for the policymakers in Turkey. © 2022, The Author(s).