{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,2,28]],"date-time":"2026-02-28T12:29:20Z","timestamp":1772281760651,"version":"3.50.1"},"reference-count":55,"publisher":"Emerald","issue":"1","license":[{"start":{"date-parts":[[2017,2,6]],"date-time":"2017-02-06T00:00:00Z","timestamp":1486339200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["GS"],"published-print":{"date-parts":[[2017,2,6]]},"abstract":"<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n<jats:p>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\u2019s domestic savings and selected macroeconomic indicators.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n<jats:p>To examine the relationship, grey relational analysis (GRA) is applied together with the entropy method to determine the weight of the indicators according to the information level they provide. The analysis covers the data of the period from 1990 to 2014. In practice, however, the data set is used by dividing into two separate periods including before and after the 2001 crisis.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n<jats:p>The results indicate that the unemployment rate and the gross domestic product (GDP) per capita growth stand out with a relatively high degree of relationship for the period before 2001. When examining the post-2001 period, current balance ratio and GDP growth are ascertained as indicators which have a high degree of relationship with domestic savings.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Practical implications<\/jats:title>\n<jats:p>These indicators have different aspects affecting both public and private savings. Therefore, it may be beneficial to concentrate on these indicators when designing a policy in order to increase the domestic saving rate.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n<jats:p>There are many econometric models used for investigating Turkey\u2019s macroeconomic indicators and domestic savings causality. But before now, any study which investigates relationship between macroeconomic indicators and domestic savings by GRA could not be encountered. Using one of the newest developed theories (the grey systems theory) for this subject is the significance of this research.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/gs-10-2016-0039","type":"journal-article","created":{"date-parts":[[2017,1,12]],"date-time":"2017-01-12T03:18:09Z","timestamp":1484191089000},"page":"45-59","source":"Crossref","is-referenced-by-count":14,"title":["Grey relational analysis between Turkey\u2019s macroeconomic indicators and domestic savings"],"prefix":"10.1108","volume":"7","author":[{"given":"Engin","family":"Duran","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Burcu","family":"Uzgur Duran","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Diyar","family":"Akay","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Fatih Emre","family":"Boran","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"140","reference":[{"key":"key2020120919580141700_ref001","first-page":"1","article-title":"The causal relation between savings and economic growth: some evidence from MENA countries","volume":"12","year":"2010","journal-title":"Topics in Middle Eastern and North African Economies"},{"issue":"2","key":"key2020120919580141700_ref002","doi-asserted-by":"crossref","first-page":"238","DOI":"10.1111\/1467-8268.00038","article-title":"Causal relationship between domestic savings and economic growth: evidence from seven African countries","volume":"13","year":"2001","journal-title":"African Development Review"},{"issue":"4","key":"key2020120919580141700_ref003","doi-asserted-by":"crossref","first-page":"629","DOI":"10.1007\/BF01205819","article-title":"An overlooked explanation of the declining saving rate","volume":"19","year":"1994","journal-title":"Empirical Economics"},{"issue":"2","key":"key2020120919580141700_ref004","doi-asserted-by":"crossref","first-page":"263","DOI":"10.1108\/GS-05-2015-0018","article-title":"Grey systems theory in economics \u2013 a historical applications review","volume":"5","year":"2015","journal-title":"Grey Systems: Theory and Application"},{"issue":"1","key":"key2020120919580141700_ref005","doi-asserted-by":"crossref","first-page":"7","DOI":"10.1108\/ACMM-10-2013-1308","article-title":"Use of the grey relational analysis method to determine the important environmental factors that affect the atmospheric corrosion of Q235 carbon steel","volume":"62","year":"2015","journal-title":"Anti-Corrosion Methods and Materials"},{"key":"key2020120919580141700_ref006","first-page":"1","volume-title":"Savings \u2013 Investment Dynamics and Current Account Balance Developments","author":"Central Bank of the Republic of Turkey","year":"2015"},{"issue":"2","key":"key2020120919580141700_ref007","doi-asserted-by":"crossref","first-page":"119","DOI":"10.1016\/j.omega.2004.03.010","article-title":"A systematic approach to quality function deployment with a full illustrative example","volume":"33","year":"2005","journal-title":"Omega"},{"issue":"2","key":"key2020120919580141700_ref008","doi-asserted-by":"crossref","first-page":"259","DOI":"10.1108\/GS-09-2015-0069","article-title":"The empirical study of executive compensation in China port and shipping listed companies based on the grey relational analysis","volume":"6","year":"2016","journal-title":"Grey Systems: Theory and Application"},{"issue":"21","key":"key2020120919580141700_ref009","doi-asserted-by":"crossref","first-page":"4207","DOI":"10.1016\/j.ins.2010.07.009","article-title":"Determining objective weights with intuitionistic fuzzy entropy measures: a comparative analysis","volume":"180","year":"2010","journal-title":"Information Sciences"},{"issue":"2","key":"key2020120919580141700_ref010","doi-asserted-by":"crossref","first-page":"129","DOI":"10.1108\/GS-09-2012-0038","article-title":"Companies\u2019 quality characteristics vs their performance: a grey relational analysis-evidence from Romania","volume":"3","year":"2013","journal-title":"Grey Systems: Theory and Application"},{"issue":"5","key":"key2020120919580141700_ref011","doi-asserted-by":"crossref","first-page":"288","DOI":"10.1016\/S0167-6911(82)80025-X","article-title":"Control problems of grey systems","volume":"1","year":"1982","journal-title":"Systems & Control Letters"},{"key":"key2020120919580141700_ref012","volume-title":"Why are Saving Rates so Different Across Countries? 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