TY - JOUR T1 - Is The Dutch Disease Valid for Turkey in terms of the Effects of Portfolio Investments and Export Revenues on the Manufacturing Industry? TT - Hollanda Hastalığı Hipotezi Türk Ekonomisi İçin Geçeli mi ?: Portföy Yatırımları, Ekonomik Büyüme İlişkisi AU - Konak, Ali PY - 2019 DA - March DO - 10.33722/afes.531548 JF - Afro Eurasian Studies JO - Afro-Eurasian PB - Musiad (Independent Industrialists and Businessmen's Association) WT - DergiPark SN - 2147-110X SP - 8 EP - 38 VL - 8 IS - 1 LA - en AB - TheDutch disease which emerges as a result of suddenly finding a large amount ofcommercially valuable mines, is an economical issue which has an effect onvarious macroeconomic variables, notably on foreign exchange rate. Although intheory, the Dutch disease is defined as a problem caused by foreign currencywhich is acquired by the detection and exportation of valuable mines in thelong term, it is possible for other economic developments which provide inflowof foreign currency to the country to have economical effects on the nationaleconomy that are similar to the effects of the Dutch disease. In our study inwhich we question the existence of the Dutch disease due to the inflow offoreign currency through various channels, the effects of portfolio investmentsand export revenues on manufacturing industry sector were analyzed in terms ofthe hypothesis of the Dutch disease by using the quarterly data of2005:Q1-2018:Q4, obtained from the Electronic Data Delivery System (EDDS) ofThe Central Bank of the Republic of Turkey (CBRT) and by using Toda-Yamamotocausality test. As a result of the analysis, there wasn’t a causal relationshipbetween manufacturing industry and portfolio investments and exports. For thisreason, it was concluded that the Dutch disease is out of the question forTurkey’s economy. KW - The Dutch Disease KW - Industrial Production Index KW - Portfolio Investments KW - Export KW - Toda-Yamamoto Causality Test. N2 - Bu çalışmada son yıllardaortaya çıkan gelişmeler doğrultusunda Türkiye açısından Hollanda hastalığı sorunu, Tarım sektörü açısından değerlendirilmiştir.Bu değerlendirme yapılırken 1990-2015 dönemine ait kişi başına gelir, sanayiüretim endeksi, enflasyon, döviz kuru ve bütün bunların bir yansıması olarakdış ticaret verilerinden yararlanarak ve panel veri analizi yöntemikullanılarak Hollanda hastalığının tarım sektörü üzerindeki ortaya çıkabilme (varlığı) test edilmiştir.Çalışmada yapılan analiz neticesinde, Türkiye’ye giren sıcak para miktarındakiartışın, tarım sektörünü olumsuzyönde etkilediği ve Türkiye’de tarım sektörü açısından Hollanda hastalığı sorunun söz konusu olduğusonucunaulaşılmıştır. CR - Akay Kanalıcı, H., Aklan Adanur, N ve Çınar M. (2016). 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