Grey relational analysis between Turkey's macroeconomic indicators and domestic savings

Duran E., Duran B. U. , AKAY D., BORAN F. E.

GREY SYSTEMS-THEORY AND APPLICATION, vol.7, no.1, pp.45-59, 2017 (Peer-Reviewed Journal) identifier identifier

  • Publication Type: Article / Article
  • Volume: 7 Issue: 1
  • Publication Date: 2017
  • Doi Number: 10.1108/gs-10-2016-0039
  • Journal Name: GREY SYSTEMS-THEORY AND APPLICATION
  • Journal Indexes: Science Citation Index Expanded
  • Page Numbers: pp.45-59
  • Keywords: Entropy method, Grey relational analysis, Macroeconomic indicators, Domestic savings, DETERMINANTS, OPTIMIZATION, PROPERTY

Abstract

Purpose - It is of great importance for economy policy makers to comprehend the relationship between macroeconomic indicators and domestic savings, and to find out which indicator is more determinative on the dynamics of domestic savings. The purpose of this paper is to analyze the degree of relationship between Turkey's domestic savings and selected macroeconomic indicators.