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- Title
ANALYSIS OF CAUSAL RELATIONSHIP AMONG GDP, AGRICULTURAL, INDUSTRIAL AND SERVICES SECTOR GROWTH IN TURKEY.
- Authors
YETİZ, Filiz; ÖZDEN, Cevher
- Abstract
This paper investigates the causal relationship among GDP, agricultural, industrial and services sectors in Turkey for the period of 1968-2015. For this purpose, we employed Engle-Granger causality/block exogeneity Wald test, Impulse Response and Variance Decomposition analysis. The results showed unidirectional Granger causality from agriculture to GDP and the other three sectors, while the agricultural sector is not influenced by the others. This is an expected result for any developing country where the agriculture accounts for a large proportion of national GDP, but an unexpected result for developed countries like European Union members to which Turkey has long been wishing to join. To our knowledge, although this method has been applied in various areas, sectoral causality has not been studied for Turkey before.
- Subjects
GROSS domestic product; GRANGER causality test; IMPULSE response; EUROPEAN Union; EXOGENEITY (Econometrics)
- Publication
Omer Halisdemir Universitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi, 2017, Vol 10, Issue 3, p75
- ISSN
2564-6931
- Publication type
Article
- DOI
10.25287/ohuiibf.305729