Araştırma Makalesi
BibTex RIS Kaynak Göster
Yıl 2019, Cilt: 14 Sayı: 55, 358 - 368, 31.07.2019
https://doi.org/10.19168/jyasar.516702

Öz

Kaynakça

  • Alam, M. I. (2003). “Manufactured Exports, Capital Good Imports, and Economic Growth: Experience of Mexico and Brazil”, International Economic Journal, 17:4, 85-105.
  • Alfaro, L. and Hammel, E. (2007). “Capital flows and capital goods”, Journal of International Economics 72:128–150.
  • Awokuse, T. O. (2008). “Trade openness and economic growth: is growth export-led or import-led?”, Applied Economics, 40:2, 161-173.
  • Bas, M. and Berthou, A. (2012). “The Decision to Import Capital Goods in India: Firms' Financial Factors Matter,”, The World Bank Economic Review, 26(3): 486-513.
  • Chuang, Y. C. (2002). “The Trade-Induced Learning Effect on Growth: Cross-Country Evidence”, The Journal of Development Studies, 39:2, 137-154.
  • Esfahani, H. S. (1991). “Exports, imports, and economic growth in semi-industrialized countries”, Journal of Development Economics 35 (1991) 93-116.
  • Gerni, C. and Değer, M. and Emsen, Ö. and Gencer, A . (2013). “Relationship between Import-Led Exports and Economic Growth: The Experience of Turkey (1980-2008)”. Social Sciences Research Journal, 2 (2): 15-36.
  • Grossman, G.M. and Helpman, E. (1994). “Endogenous Innovation in the Theory of Growth”, Journal of Economic Perspectives, 8(1): 23–44.
  • Kandilov, M. and Leblebicioğlu, A. and Manghnani, R. (2017). “Trade Liberalization and Investment in Foreign Capital Goods: Evidence from India”, https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=MWITC2017&paper_id=2.
  • Kasahara, H. and Rodrigue, J. (2007). “Does the use of imported intermediates increase productivity? Plant-level evidence”, Journal of Development Economics, 87(1): 106-118.
  • Kim, H. (2017). “The Effect of Consumption on Economic Growth in Asia”, Journal of Global Economics, 5(3):1-8.
  • Krauger, A. O. (1983). “Trade Strategies, Growth, and Employment”, Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions, 30-54.
  • Lawrence, R. Z. and Weınsteın, D. E. (1999). "Trade and Growth: Import-Led or Export-Led? Evidence from Japan and Korea", working Paper 7264, Nber Working Paper Series.
  • Lee, J. W. (1995). “Capital Goods Imports and Long-Run Growth” Journal of Development Economics, 48(1): 91-110.
  • Michael, S. and Ravikumar, B. and Piyusha, M. (2014). "Capital goods trade and economic development," Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute, Working Paper No. 183.
  • Miroudot, S. and Lanz, R. and Ragoussis, A. (2009). “Trade in Intermediate Goods and Services”, OECD Trade Policy Papers, No. 93, OECD Publishing, Paris.
  • Mody A. & Yılmaz K. (2002).” Imported Machinery For Export Competitiveness”, The World Bank Economic Review, 16(1): 23–48.Sevüktekin, M. & Çınar, M. (2014). Ekonometrik Zaman Serileri Analizi. Bursa: Dora.
  • Solow, R. M. (1994) "Perspectives on Growth Theory." Journal of Economic Perspectives, 8 (1): 45-54.
  • Teixeira, A.A.C. & Fortuna, N. (2010). “Human capital, R&D, trade, and long-run productivity. Testing the technological absorption hypothesis for the Portuguese economy, 1960–2001”, Research Policy 39 (2010) 335–350.
  • Thangavelu, S. M. and Rajaguru. G. (2004) “Is there an export or import-led productivity growth in rapidly developing Asian countries? a multivariate VAR analysis”, Applied Economics, 36:10, 1083-1093.
  • Türkcan, K. (2007). “Outward foreign direct investment and intermediate goods exports”, Economie internationale 2007/4 (n° 112): 51-71.
  • Vınnychuk, O. and Grygorkıv, V. and Bıloskurskıı, R. (2015) “The dynamıc model of optımal economıc Growth ın terms of ecologıcal balance:Models constructıon and results analysıs”, Verslo sıstemos ir ekonomıka busıness systems and economıcs, 5 (1): 36-45.
  • Wang, J. and Xu, B. (1999). “Capital Goods Trade and R&D Spillovers in the OECD”, Wiley on behalf of the Canadian Economics Association, 32(5): 1258-1274 .
  • Zhang, X. and Zou, H. (1995). “Foreıgn Technology Imports And Economıc Growth In Developıng Countrıes”, Policy Research Department, The World Bank, D.C. 20433.

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

Yıl 2019, Cilt: 14 Sayı: 55, 358 - 368, 31.07.2019
https://doi.org/10.19168/jyasar.516702

Öz



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.




Kaynakça

  • Alam, M. I. (2003). “Manufactured Exports, Capital Good Imports, and Economic Growth: Experience of Mexico and Brazil”, International Economic Journal, 17:4, 85-105.
  • Alfaro, L. and Hammel, E. (2007). “Capital flows and capital goods”, Journal of International Economics 72:128–150.
  • Awokuse, T. O. (2008). “Trade openness and economic growth: is growth export-led or import-led?”, Applied Economics, 40:2, 161-173.
  • Bas, M. and Berthou, A. (2012). “The Decision to Import Capital Goods in India: Firms' Financial Factors Matter,”, The World Bank Economic Review, 26(3): 486-513.
  • Chuang, Y. C. (2002). “The Trade-Induced Learning Effect on Growth: Cross-Country Evidence”, The Journal of Development Studies, 39:2, 137-154.
  • Esfahani, H. S. (1991). “Exports, imports, and economic growth in semi-industrialized countries”, Journal of Development Economics 35 (1991) 93-116.
  • Gerni, C. and Değer, M. and Emsen, Ö. and Gencer, A . (2013). “Relationship between Import-Led Exports and Economic Growth: The Experience of Turkey (1980-2008)”. Social Sciences Research Journal, 2 (2): 15-36.
  • Grossman, G.M. and Helpman, E. (1994). “Endogenous Innovation in the Theory of Growth”, Journal of Economic Perspectives, 8(1): 23–44.
  • Kandilov, M. and Leblebicioğlu, A. and Manghnani, R. (2017). “Trade Liberalization and Investment in Foreign Capital Goods: Evidence from India”, https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=MWITC2017&paper_id=2.
  • Kasahara, H. and Rodrigue, J. (2007). “Does the use of imported intermediates increase productivity? Plant-level evidence”, Journal of Development Economics, 87(1): 106-118.
  • Kim, H. (2017). “The Effect of Consumption on Economic Growth in Asia”, Journal of Global Economics, 5(3):1-8.
  • Krauger, A. O. (1983). “Trade Strategies, Growth, and Employment”, Trade and Employment in Developing Countries, Volume 3: Synthesis and Conclusions, 30-54.
  • Lawrence, R. Z. and Weınsteın, D. E. (1999). "Trade and Growth: Import-Led or Export-Led? Evidence from Japan and Korea", working Paper 7264, Nber Working Paper Series.
  • Lee, J. W. (1995). “Capital Goods Imports and Long-Run Growth” Journal of Development Economics, 48(1): 91-110.
  • Michael, S. and Ravikumar, B. and Piyusha, M. (2014). "Capital goods trade and economic development," Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute, Working Paper No. 183.
  • Miroudot, S. and Lanz, R. and Ragoussis, A. (2009). “Trade in Intermediate Goods and Services”, OECD Trade Policy Papers, No. 93, OECD Publishing, Paris.
  • Mody A. & Yılmaz K. (2002).” Imported Machinery For Export Competitiveness”, The World Bank Economic Review, 16(1): 23–48.Sevüktekin, M. & Çınar, M. (2014). Ekonometrik Zaman Serileri Analizi. Bursa: Dora.
  • Solow, R. M. (1994) "Perspectives on Growth Theory." Journal of Economic Perspectives, 8 (1): 45-54.
  • Teixeira, A.A.C. & Fortuna, N. (2010). “Human capital, R&D, trade, and long-run productivity. Testing the technological absorption hypothesis for the Portuguese economy, 1960–2001”, Research Policy 39 (2010) 335–350.
  • Thangavelu, S. M. and Rajaguru. G. (2004) “Is there an export or import-led productivity growth in rapidly developing Asian countries? a multivariate VAR analysis”, Applied Economics, 36:10, 1083-1093.
  • Türkcan, K. (2007). “Outward foreign direct investment and intermediate goods exports”, Economie internationale 2007/4 (n° 112): 51-71.
  • Vınnychuk, O. and Grygorkıv, V. and Bıloskurskıı, R. (2015) “The dynamıc model of optımal economıc Growth ın terms of ecologıcal balance:Models constructıon and results analysıs”, Verslo sıstemos ir ekonomıka busıness systems and economıcs, 5 (1): 36-45.
  • Wang, J. and Xu, B. (1999). “Capital Goods Trade and R&D Spillovers in the OECD”, Wiley on behalf of the Canadian Economics Association, 32(5): 1258-1274 .
  • Zhang, X. and Zou, H. (1995). “Foreıgn Technology Imports And Economıc Growth In Developıng Countrıes”, Policy Research Department, The World Bank, D.C. 20433.
Toplam 24 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Kemal Erkişi 0000-0001-7197-8768

Ümit Engin Tekin 0000-0002-5846-3433

Yayımlanma Tarihi 31 Temmuz 2019
Yayımlandığı Sayı Yıl 2019 Cilt: 14 Sayı: 55

Kaynak Göster

APA Erkişi, K., & Tekin, Ü. E. (2019). THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY. Yaşar Üniversitesi E-Dergisi, 14(55), 358-368. https://doi.org/10.19168/jyasar.516702
AMA Erkişi K, Tekin ÜE. THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY. Yaşar Üniversitesi E-Dergisi. Temmuz 2019;14(55):358-368. doi:10.19168/jyasar.516702
Chicago Erkişi, Kemal, ve Ümit Engin Tekin. “THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY”. Yaşar Üniversitesi E-Dergisi 14, sy. 55 (Temmuz 2019): 358-68. https://doi.org/10.19168/jyasar.516702.
EndNote Erkişi K, Tekin ÜE (01 Temmuz 2019) THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY. Yaşar Üniversitesi E-Dergisi 14 55 358–368.
IEEE K. Erkişi ve Ü. E. Tekin, “THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY”, Yaşar Üniversitesi E-Dergisi, c. 14, sy. 55, ss. 358–368, 2019, doi: 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”. Yaşar Üniversitesi E-Dergisi 14/55 (Temmuz 2019), 358-368. https://doi.org/10.19168/jyasar.516702.
JAMA Erkişi K, Tekin ÜE. THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY. Yaşar Üniversitesi E-Dergisi. 2019;14:358–368.
MLA Erkişi, Kemal ve Ümit Engin Tekin. “THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY”. Yaşar Üniversitesi E-Dergisi, c. 14, sy. 55, 2019, ss. 358-6, doi:10.19168/jyasar.516702.
Vancouver Erkişi K, Tekin ÜE. THE RELATIONSHIP BETWEEN INTERMEDIATE AND CAPITAL GOODS IMPORTS, INDUSTRIAL PRODUCTION AND ECONOMIC GROWTH: THE CASE OF TURKEY. Yaşar Üniversitesi E-Dergisi. 2019;14(55):358-6.