Economic Policy Uncertainty in Turkey

Abstract

Cover -- Economic Policy Uncertainty in Turkey -- I. INTRODUCTION -- II. RELATED LITERATURE AND CONTRIBUTION TO THE LITERATURE -- III. MEASURING ECONOMIC POLICY UNCERTAINTY -- IV. OTHER DATA -- V. EMPIRICAL FRAMEWORK -- VI. RESULTS -- VII. ROBUSTNESS CHECKS -- VIII. CONCLUSION -- REFERENCES -- APPENDIX -- Economic Policy Uncertainty Search Algorithms -- Robustness Checks -- Figure -- Figure 1: Turkey's Economic Policy Uncertainty Index -- Figure 2: Turkey's Economic Policy Uncertainty Index: Choice of Normalizers -- Figure 3: Turkey's Annualized Economic Policy Uncertainty Index -- Figure 4: Turkey's Quarterly Economic Policy Uncertainty Index -- Figure 5: Key Variables Used in the Analysis -- Figure 6: Investment Irreversibility by Sector -- Table -- Table 1: Economic Policy Uncertainty on Investment -- Table 2: Economic Policy Uncertainty on Employment -- Table 3: Economic Policy Uncertainty on Net Borrowing -- Table A.1: Effects of Policy Uncertainty in Other Quarters of the Previous Year -- Table A.2: Effects of Policy Uncertainty in Other Quarters of the Previous Year -- Table A.3: Alternative Treatment Intensity Variables -- Table A.4: DID Regressions with Time Dummies -- Table A.5: DID Regressions Excluding Some Sectors -- Table A.6: DID Regressions Using the Annualized EPU Index as A Regressor