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Title: Inflation differentials across regions in Turkey
Authors: Duran, Hasan Engin
Keywords: Inflation convergence
Distribution dynamics
Kernel density
Regional inflation
Issue Date: 1-Apr-2016
Publisher: School of Economics and Business in Sarajevo
Source: Duran, H. E. (2016). Inflation differentials across regions in Turkey. South East European Journal of Economics and Business, 11(1), 7-17. doi:10.1515/jeb-2016-0001
Abstract: The aim of the present article is to analyze the convergence of regional inflation rates in Turkey from 2004 to 2015 by adopting sigma convergence and distribution dynamics approaches. The outcomes of our research can be summarized in two groups. First, inflation disparities tend to decline over time, especially during the post-crisis period after 2010. Hence, the aggregate price stabilization and disinflation process in Turkey is coupled with convergence in inflation rates across regions. Second, in addition to the findings in the literature, we find that regions change their relative inflation rate positions quite often. This indicates that regional inflation behavior is random and non-structural, as the relatively high and low inflationary places tend to change their quintiles frequently. The results imply several policy suggestions. First, achieving inflation convergence is a harder task than initially understood, as it seems to show random behavior. Second, trade integration can be an option to foster regional price convergence.
ISSN: 1840-118X
Appears in Collections:City and Regional Planning / Şehir ve Bölge Planlama
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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