期刊名称：Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
印刷版ISSN：1301-3688
电子版ISSN：2630-6409
出版年度：2019
期号：54
页码：25-45
语种：English
出版社：Erciyes University
摘要：The aim of this study is to examine the economic interaction between developed and developing countries with Turkey.The analysis consists of ten developing countries,notably Turkey,and eight developed countries’ stock exchanges.The dataset consists of monthly stock market index values between January 2010 and December 2017.According to the results,it is determined that,Turkey is cointegrated with selected developed and developing countries exchanges,moreover selected developing countries group cointegrated between themselves,however selected developed countries group was not cointegrated between themselves.Therefore,due to co-integrated structures of stock exchanges,it has been found that developing country exchanges cannot be an alternative to each other within the framework of modern portfolio theory.According to this result,it is not possible to diversify risks among the developing countries stock exchanges in the long term.Developed countries stock exchanges are not co-integrated within the group and a substitute for each other as an alternative investment tool.
其他摘要：Bu çalışmanın amacı,Türkiye ile gelişen ve gelişmekte olan ülkeler arasındaki ekonomik etkileşimi incelemektir.Türkiye başta olmak üzere 10 adet gelişmekte olan ülke ve sekiz adet gelişmiş ülke borsası analize dahil edilmiştir.Veri seti Ocak 2010 - Aralık
