Finansal Serbestleşme İle Sanayi Üretimi Arasındaki İlişkinin Fourier Temelli Yaklaşımlar İle Test Edilmesi: Türkiye Örneği

Abstract

The purpose of this study is to put forward the long term and causality relationship between financial liberalization and industrial production by the period 2005Q1-2018Q3 for Turkey with Fourier based approaches. Finaly, it has been determined that there is not a long-run relationship between variables. In addition, It has been concluded that there are bidirectional causality relationship between stock market value/ GDP ratio and weighted average interest rate applied to commercial credits with industrial production and that there are unidirectional relationship from M2/GDP ratio to industrial production and from industrial production to cash credits applied to industry sector/GDP ratio.