BİR YATIRIM ARACI OLARAK BİTCOİN: BİTCOİN İLE GLOBAL TEKNOLOJİ ENDEKSLERİ ARASINDA ASİMETRİK NEDENSELLİK İLİŞKİLERİ

IF 0.1 Q4 ECONOMICS Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Pub Date : 2022-10-26 DOI:10.30798/makuiibf.1097491

M. Erdaş, Gamze GÖÇMEN YAĞCILAR

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引用次数: 1

Abstract

The concept of blockchain and cryptocurrencies is one of the most popular concepts of recent years. Cryptocurrencies were first introduces with Bitcoin in 2008 and now they have an increasing variety and popularity. Recent developments in technology firms have brought into question whether there is a relationship between Bitcoin and technology indexes. To this end, this study investigates the causality relationship between Bitcoin and technology indexes using monthly data between the years 2016 and 2021 in G7 and E7 countries. To test the causality relationship between the variables, the Hatemi-J (2012) asymmetric causality test was used. Hatemi-J (2012) test reveals that the relationship between bitcoin and technology indexes becomes different for G7 and E7 countries. The results suggest that developed countries affect bitcoin prices while developing countries are affected by Bitcoin prices. The conclusion is that findings point out the existence of an asymmetric relationship between the series for G7 and E7 countries.

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区块链和加密货币的概念是近年来最流行的概念之一。加密货币于2008年首次与比特币一起推出，现在它们的种类和受欢迎程度越来越高。科技公司最近的发展让人质疑比特币和科技指数之间是否存在关系。为此，本研究利用G7和E7国家2016年至2021年的月度数据，考察了比特币与技术指数之间的因果关系。为了检验变量之间的因果关系，我们使用了Hatemi-J(2012)的不对称因果检验。Hatemi-J(2012)检验表明，G7和E7国家的比特币与技术指标的关系有所不同。结果表明，发达国家影响比特币价格，发展中国家受比特币价格影响。结论是，研究结果指出了G7和E7国家之间存在不对称关系。

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来源期刊

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty ECONOMICS-

自引率

50.00%

发文量

审稿时长

15 weeks