Öneri Dergisi 1300-0845 2147-5377 Marmara Üniversitesi 10.14783/maruoneri.708665 CAUSAL RELATİONSHİP BETWEEN EXPORT EXPANSION AND ECONOMIC DEVELOPMENT IN TURKEY: AN EMPIRICAL INVESTIGATION Zengin Hilmi KARADENİZ TEKNİK ÜNİVERSİTESİ Terzi Harun KARADENİZ TEKNİK ÜNİVERSİTESİ 06 05 1995 1 3 101 109 05 01 1995 Copyright © 1994, Öneri Dergisi 1994 Öneri Dergisi

The effect of export expansion on economic growth is examined througheconometric analysis. The hypothesis that the relationship under the consideration issignificantly affected by the level of development is tested. Ourpurpose is to reconsiderthe causality issue with the aid of co-integration and unit root testsfor the periods of1923-1969 and 1970-1992. Contrary to conventional macroeconomic analysis, thisstudy implies that Gross Domestic Product (GDP) and Export expansion (EXP) ofTurkey are not cointegratedim implying the lack of any long-run eguilibriutn relationsand causaiity between two variables. Rest of the paper is organised as follows. Section2 addresses a methodological procedures and altemative testing methods. Section 3reports the empiricat results and section 4, finally, concludes the paper and suggestspossible directions for the future research.

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