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02064cas a2200325 a 4500 |
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|c 5.00 USD
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|z 9781484387740
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Jirasavetakul, La-Bhus Fah.
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|a Economic Policy Uncertainty in Turkey /
|c La-Bhus Fah Jirasavetakul, Antonio Spilimbergo.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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| 300 |
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|a 1 online resource (36 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging markets are elusive because of measurement and reverse causality issues. In this paper, we construct a news-based economic policy uncertainty (EPU) index for Turkey and assess how it affects Turkish firms. To disentangle the issues of endogeneity and reverse causality, we use a difference-in-differences approach, exploiting the fact that firms with a high share of irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater effect on growth, investment, and leverage. The results are robust to different definitions of investment irreversibility, lag structure, and selection of sectors.
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|a Mode of access: Internet
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|a Depreciation Rate
|2 imf
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|a EPU Index
|2 imf
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|a Investment Model
|2 imf
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| 650 |
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|a Micro Data
|2 imf
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|a WP
|2 imf
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|a Turkey
|2 imf
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|a Spilimbergo, Antonio.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/272
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/272/001.2018.issue-272-en.xml
|z IMF e-Library
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