Does Ramadan Have Any Effect on Food Prices: A Dual-Calendar Perspective on the Turkish Data

Mustafa Yücel

MPRA Paper from University Library of Munich, Germany

Abstract: The effects of a specific religious tradition on the food prices establish the central theme of this paper. In specific, I investigate whether the month Ramadan has any effect on food prices. I perform the analysis under two alternative calendar conventions, namely the Gregorian and Hijri calendars. Under both conventions, the paper reveals the effects of Ramadan, yet these effects are better captured when the latter is used. This highlights the importance of the calendar choice on econometric analysis, on the basis of a simple-yet-genuine socio-economic exercise. Possible benefits from this exercise in pedagogical terms as well as in inflation forecasting are also addressed.

Keywords: Seasonality; Ramadan; Food prices; Calendar effects (search for similar items in EconPapers)
JEL-codes: C22 C51 (search for similar items in EconPapers)
Date: 2005-12
New Economics Papers: this item is included in nep-cwa
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/1141/1/MPRA_paper_1141.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:1141

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().