Roles of Investment and Innovation in Business Cycle from Kalecki's Perspective with a Schumpeterian Approach: An Empirical Analysis for Turkey and Greece

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dc.contributor.authorAktakas, Basak Gul
dc.contributor.authorAytun, Cengiz
dc.contributor.authorAkin, Cemil Serhat
dc.date.accessioned2024-09-18T20:28:03Z
dc.date.available2024-09-18T20:28:03Z
dc.date.issued2012
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractBusiness cycles are one of the best sources to understand current situation of a country's economy. Michal Kalecki denotes investment as the best explanatory for the dimension and reason of cycles; on the other hand Schumpeter considers that innovation should be placed in a different position in this regard. In addition, both Kalecki and Schumpeter verify that investment and innovation are related with each other because innovation is also an important subject for investment. It is expected that investment and innovation have the effect in the same direction on output. In this study, business cycles have analyzed for 1971-2009 period by using the yearly data in Turkey and Greece and it has been dealt effects of investment and innovation on cyclical fluctuation. In this paper which growth rates have been discussed, ordinary least square estimation method has been used. In this respect firstly, it has been examined that the effect of innovation on investment and income. After that examined that effect of investment on output and finally innovation and investment have been evaluated by considering the effects on the output. It has been found that the obtained results support the views of Kalecki for both of the countries.en_US
dc.identifier.doi10.14706/JECOSS11225
dc.identifier.endpage123en_US
dc.identifier.issn1986-8499
dc.identifier.issn1986-8502
dc.identifier.issue2en_US
dc.identifier.startpage95en_US
dc.identifier.urihttps://doi.org/10.14706/JECOSS11225
dc.identifier.urihttps://hdl.handle.net/20.500.12483/10702
dc.identifier.volume2en_US
dc.identifier.wosWOS:000219020100005en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherInt Burch Univen_US
dc.relation.ispartofJournal of Economic and Social Studiesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectInvestmenten_US
dc.subjectInnovationen_US
dc.subjectBusiness Cyclesen_US
dc.subjectMichal Kaleckien_US
dc.titleRoles of Investment and Innovation in Business Cycle from Kalecki's Perspective with a Schumpeterian Approach: An Empirical Analysis for Turkey and Greeceen_US
dc.typeArticleen_US

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