文章基本信息

标题：The effect of the financial crisis on macroeconomic variables in Iraq, Iran, and Turkey
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作者：Younis Ali Ahmed ; Biaban Nwri Rostam ; Burhan Ali Mohammed 等
期刊名称：Economic Journal of Emerging Markets
印刷版ISSN：2086-3128
出版年度：2020
卷号：12
期号：1
页码：54-66
DOI：10.20885/ejem.vol12.iss1.art5
语种：English
出版社：Universitas Islam Indonesia
摘要：This study investigates the effect of financial crises on macroeconomic variables that include gross domestic product (GDP), export, inflation, and exchange rates, in some developing countries, namely Iraq, Iran, and Turkey, from 1980 to 2017. In doing so, it performed unit root and cointegration tests and employed generalized least square and panel dynamic least squares estimating methods. Findings/Originality: The empirical results show that the financial crises affect GDP, export, inflation, and exchange rates of the countries at different levels. While the Asian financial crisis shows a significant negative effect on GDP in Iran and Iraq, the global financial crisis exhibits a negative influence on export in all countries. Nevertheless, both Asian and global crises positively affect inflation because financial crises reduce expenditure at the family and government levels. Thus, governments worldwide attempt to minimize the inflation rate.