TY  - JOUR
TT  - THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY
AU  - Erkişi, Kemal
AU  - Tekin, Ümit Engin
PY  - 2019
DA  - July
DO  - 10.19168/jyasar.516702
JF  - Yaşar Üniversitesi E-Dergisi
PB  - Yaşar Üniversitesi
WT  - DergiPark
SN  - 1305-970X
SP  - 358
EP  - 368
VL  - 14
IS  - 55
LA  - en
KW  - Economic Growth
KW  - Intermediate Goods Imports
KW  - Capital Goods Imports
KW  - Industrial Production
N2  - In this study, the relationship between intermediate goods import (MI),capital goods imports (MC), industrial production (IP) and economicgrowth (GDP) in Turkey was explored by using the quarterly data consist of 32observations between 2010Q1 – 2017Q4. VARGranger causality analysis was employed to explore the short-run causality andthe direction between variables. It is concluded: a) a bidirectional causality between GDP and MI b) a bidirectional causalitybetween (IP) and (MI), c) a unidirectional causality from IP to GDP,d) a unidirectional causality from MC to MI and there isnot a causality between IP and MC. “Johansen Co-integration” testresults indicated a long-run relationship between, MC, MI,IP and GDP. Variance decomposition test was employed to assess the variability ofthe dependent variable over time. As a result,while in the first period (quarter) GDPis explained by itself at 100%. However In the tenth period GDP is explained by18% GDP, 18% MC, 32% MI and 32% IP.. As a result, in theshort-term, industrial production and intermediate goods importation are thedeterminants of economic growth. However, in the long-term, capital andintermediate goods importation, industrial production are the determinants of economic growth in Turkey.
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UR  - https://doi.org/10.19168/jyasar.516702
L1  - https://dergipark.org.tr/tr/download/article-file/811353
ER  -