Year 2019, Volume 14 , Issue 55, Pages 358 - 368 2019-07-31

THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY

Kemal Erkişi [1] , Ümit Engin Tekin [2]


In this study, the relationship between intermediate goods import (MI), capital goods imports (MC), industrial production (IP) and economic growth (GDP) in Turkey was explored by using the quarterly data consist of 32 observations between 2010Q1 – 2017Q4. VAR Granger causality analysis was employed to explore the short-run causality and the direction between variables. It is concluded:  a) a bidirectional causality between GDP and MI b) a bidirectional causality between (IP) and (MI), c) a unidirectional causality from IP to GDP, d) a unidirectional causality from MC to MI and there is not a causality between IP and MC. “Johansen Co-integration” test results indicated a long-run relationship between, MC, MI, IP and GDP. Variance decomposition test was employed to assess the variability of the dependent variable over time. As a result, while in the first period (quarter) GDP is explained by itself at 100%. However In the tenth period GDP is explained by 18% GDP, 18% MC, 32% MI and 32% IP..  As a result, in the short-term, industrial production and intermediate goods importation are the determinants of economic growth. However, in the long-term, capital and intermediate goods importation, industrial production are the determinants of economic growth in Turkey.


Economic Growth, Intermediate Goods Imports, Capital Goods Imports, Industrial Production
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Primary Language en
Subjects Social
Journal Section Articles
Authors

Orcid: 0000-0001-7197-8768
Author: Kemal Erkişi (Primary Author)
Institution: İstanbul Gelişim Üniversitesi
Country: Turkey


Orcid: 0000-0002-5846-3433
Author: Ümit Engin Tekin
Institution: İstanbul Gelişim Üniversitesi
Country: Turkey


Dates

Publication Date : July 31, 2019

Bibtex @research article { jyasar516702, journal = {Journal of Yaşar University}, issn = {1305-970X}, address = {}, publisher = {Yasar University}, year = {2019}, volume = {14}, pages = {358 - 368}, doi = {10.19168/jyasar.516702}, title = {THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY}, key = {cite}, author = {Erkişi, Kemal and Tekin, Ümit Engin} }
APA Erkişi, K , Tekin, Ü . (2019). THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY. Journal of Yaşar University , 14 (55) , 358-368 . DOI: 10.19168/jyasar.516702
MLA Erkişi, K , Tekin, Ü . "THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY". Journal of Yaşar University 14 (2019 ): 358-368 <https://dergipark.org.tr/en/pub/jyasar/issue/48492/516702>
Chicago Erkişi, K , Tekin, Ü . "THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY". Journal of Yaşar University 14 (2019 ): 358-368
RIS TY - JOUR T1 - THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY AU - Kemal Erkişi , Ümit Engin Tekin Y1 - 2019 PY - 2019 N1 - doi: 10.19168/jyasar.516702 DO - 10.19168/jyasar.516702 T2 - Journal of Yaşar University JF - Journal JO - JOR SP - 358 EP - 368 VL - 14 IS - 55 SN - 1305-970X- M3 - doi: 10.19168/jyasar.516702 UR - https://doi.org/10.19168/jyasar.516702 Y2 - 2019 ER -
EndNote %0 Journal of Yaşar University THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY %A Kemal Erkişi , Ümit Engin Tekin %T THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY %D 2019 %J Journal of Yaşar University %P 1305-970X- %V 14 %N 55 %R doi: 10.19168/jyasar.516702 %U 10.19168/jyasar.516702
ISNAD Erkişi, Kemal , Tekin, Ümit Engin . "THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY". Journal of Yaşar University 14 / 55 (July 2019): 358-368 . https://doi.org/10.19168/jyasar.516702
AMA Erkişi K , Tekin Ü . THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY. Journal of Yaşar University. 2019; 14(55): 358-368.
Vancouver Erkişi K , Tekin Ü . THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY. Journal of Yaşar University. 2019; 14(55): 368-358.