MACROECONOMIC INDICATORS AND LIQUIDITY: LONG AND SHORT RUN DYNAMIC EFFECTS ON THE TÜRKİYE STOCK EXCHANGE WITH THE ARDL APPROACH1

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dc.authorid0000-0001-8956-5814
dc.contributor.authorYilmaz, Tuncer
dc.contributor.authorAg, Aliriza
dc.date.accessioned2026-02-28T12:18:20Z
dc.date.available2026-02-28T12:18:20Z
dc.date.issued2025
dc.departmentBayburt Üniversitesi
dc.description.abstractStock market liquidity is a key indicator of market functionality, stability and investor sentiment. Furthermore, stock market liquidity serves as a crucial indicator for gauging the depth of liquidity and market dynamics in money and capital markets. In light of the pivotal role of stock market liquidity, this article seeks to examine the dynamic influence of select macroeconomic indicators pertaining to monetary, fiscal, and general economic outlook on stock market liquidity in both the long and short run. To this end, the symmetric ARDL method is employed. The ARDL findings indicate that interest rate, exchange rate, central government expenditures, oil, industrial production index, and consumer price index exert a discernible impact on stock market liquidity.
dc.identifier.doi10.36543/kauiibfd.2025.018
dc.identifier.endpage494
dc.identifier.issn1309-4289
dc.identifier.issn2149-9136
dc.identifier.issue31
dc.identifier.startpage467
dc.identifier.trdizinid1321260
dc.identifier.urihttps://doi.org/10.36543/kauiibfd.2025.018
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1321260
dc.identifier.urihttps://hdl.handle.net/20.500.12403/6203
dc.identifier.volume16
dc.identifier.wosWOS:001523141200018
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherKafkas University Iibf
dc.relation.ispartofKafkas Universitesi Iktisadi Ve Idari Bilimler Fakultesi Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20260218
dc.subjectMacroeconomic indicators
dc.subjecttrading volume
dc.subjectAmihud illiquidity
dc.titleMACROECONOMIC INDICATORS AND LIQUIDITY: LONG AND SHORT RUN DYNAMIC EFFECTS ON THE TÜRKİYE STOCK EXCHANGE WITH THE ARDL APPROACH1
dc.typeArticle

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