Quality Growth Versus Inflation in Turkey
Yavuz Arslan () and
Evren Ceritoğlu ()
Emerging Markets Finance and Trade, 2013, vol. 49, issue 2, 31-43
We estimate average quality growth and upward inflation bias for a set of fifty-one goods in Turkey by using seven waves of the annual Household Budget Survey and TURKSTAT prices from 2003 to 2009. We employ the instrumental variables approach introduced by Bils and Klenow (2001). We find that average quality growth in Turkey is 3.93 percent. Of this 3.93 percent, 2.28 percent is not netted out by TURKSTAT. Consequently, for the set of goods that we study, the estimated inflation bias is 2.28 percentage points.
Keywords: inflation rates; quality bias (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: Quality Growth versus Inflation in Turkey (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:49:y:2013:i:2:p:31-43
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().