Relationships between Industrial and Agricultural Sector Activities and Economic Growth in Turkey: An Analysis of Kaldor’s Growth Laws
Abstract
Economic growth is one of the most fundamental issues of policymakers of developed and developing countries. The aim of this study is to analyze the relations between agricultural and industrial production and economic growth in Turkey for the period of 1961-2017. The relationships between variables were analyzed using Johansen cointegration and Granger causality tests. According to the test results, it was found that there was a cointegration relationship between the variables. Furthermore, the results supported the first and third laws of Kaldor in Turkey were not reached. According to the test results, economic growth affects industrialization positively and industrialization negatively affects the agricultural sector. Finally, economic growth in the positively affects the agricultural sector, while the agricultural sector positively affects economic growth.
Keywords
Agricultural Sector,Industrial Sector,Economic Growth,Time Series Analysis.
Kaynakça
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