Examining the Time-Dependent Asymmetric Effects of Participation Banking on Industrial Production in Türkiye

Öz

Participation banks play an essential role, especially for interest-sensitive individuals and institutions. Their fundamental mission is to collect deposits and channel the funds obtained to productive purposes. Thus, they contribute to increasing social welfare. Based on this argument, the study aims to examine the role of participation banks’ financing on industrial production in Türkiye. In this study, it is collected 223 months of secondary data, starting from January 2005 until July 2023. The relevant data is tested with Time-Varying Causality Analysis. The results of this study revealed that the effect of commercial loans provided by participation banking on industrial production is limited. Although occasional asymmetric causality exists between the variables, no time-dependent relationship was detected after 2017.

Anahtar Kelimeler

• Participation Banking
• Time-Varying Causality Analysis
• Industrial Production Index
• Asymmetric Effects
• Sector Loans

Türkiye’de Katılım Bankacılığının Sanayi Üretimi Üzerindeki Zamana Bağlı Asimetrik Etkilerinin İncelenmesi

Öz

Katılım bankaları özellikle faiz hassasiyeti olan bireyler ve kurumlar için önemli bir vazife görmektedir. Başta mevduat toplamak ve elde edilen fonu üretken amaçlara kanalize etmek gibi misyona sahiptir. Böylelikle toplum refahının arttırılmasına katkı sağlamaktadır. Bu savdan hareketle, çalışmanın amacı Türkiye’deki katılım bankacılığı finansmanının sanayi üretimi üzerindeki rolünü incelemektir. Bu çalışmada Ocak 2005’ten başlayarak Temmuz 2023’e kadar olan toplam 223 aylık ikincil veriler toplanmıştır. Söz konusu veriler Zamanla Değişen Nedensellik Analizi ile test edilmiştir. Bu çalışmanın sonuçları, katılım bankacılığı tarafından sağlanan ticari kredilerin sanayi üretimi üzerindeki etkisinin kısıtlı olduğunu ortaya koymuştur. Dönem dönem değişkenler arasında asimetrik nedensellik varsa da 2017 sonrasında zaman bağlı bir ilişki tespit edilememiştir.

Anahtar Kelimeler

• Katılım Bankacılığı
• Zamanla Değişen Nedensellik Analizi
• Sanayi Üretim Endeksi
• Asimetrik Etkiler
• Sektör Kredileri

Kaynakça

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