Akademik Veri Yönetim Sistemi
International Journal of Economics and Finance Studies, cilt.2, sa.1, ss.131-137, 2010 (Scopus)
Even though consumer confidence/sentiment indices are measured in many developed and
developing countries, the vast literature on consumer confidence focus on the behavior of the
indices for developed economies in order to show whether these indices have some predictive
power in terms of estimating the future path of consumption, hence final domestic demand. When
comparing the economic environment of both developed and developing countries, the differences
in expectation formation of consumers in developed and developing countries are remarkable due
to the high sensitivity of consumers in developing countries to the level of income. In this context,
this paper analyzes the effects of the expectation and tendency components of consumer sentiment
on real final domestic demand for the Turkish case using some econometric techniques. Employing
consumer confidence measures of CNBC-e and CBRT-TURKSTAT, this study also assesses the
information content of these indices for the global crisis period.