Makroekonomi̇k Denge İçi̇n Petfol Fi̇yatlari Önemli̇ Mi̇di̇r?

Yıldırtan, Dina Çakmur; Berk, Niyazi

doi:10.14780/muiibd.384149

Cited by 1 publication

(2 citation statements)

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“…The mean value and variance of nonstationary time series change over time. In general, the financial and economic time series are not stationary, and we take into account the first or second or higher differences to make the time series stationary (Yıldırtan, 2011). We investigate the stationarity of the time series by using the unit root tests.…”

Section: Methodsmentioning

confidence: 99%

“…Following the determination of stationarity levels of the time series using the ADF, the PP and the KPSS unit root tests, we perform cointegration analyses to test whether the nonstationary time series reach equilibrium in the long term. If the linear relationship between two or more nonstationary time series are stationary, these time series are cointegrated (Yıldırtan, 2011). In this study, a two-step Engle–Granger cointegration test to investigate whether the time series are cointegrated.…”

Section: Methodsmentioning

confidence: 99%

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The nexus between agricultural production and agricultural loans for banking sector groups in Turkey

Kaya

Kadanalı

2021

AFR

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PurposeThis study aims to determine the nexus between agricultural production and agricultural loans for the period Q1 2003–Q4 2018 in Turkey.Design/methodology/approachThe authors employ the time-series analyses within the scope of the study. Firstly, they run the Engle–Granger two-step cointegration test and the Toda–Yamamoto causality analysis. They also use the dynamic ordinary least squares (DOLS) model estimator and estimate the vector autoregression model for predicting the dynamic structure of time series.FindingsThe results of time series analyses reveal that the variables are cointegrated and there are causal relationships between agricultural loans and agricultural production. Also, the variance decomposition findings indicate that the effect of agricultural loans provided by development-investment banks and participation banks on agricultural production has increased over the years, and the deposit banks have a high impact on agricultural production. The results of the DOLS model indicate that agricultural loans have a positive effect on agricultural production.Originality/valueThis research is one of the few studies that comprehensively determines the direction of nexus between agricultural production and agricultural loans in Turkey economy. This is the first contribution of the study in the literature. Another contribution of this study is to investigate the nexus between agricultural production and agricultural loans for banking sector groups. Unlike other studies in the literature, this study calculates the variance decomposition by going beyond unit root and cointegration tests. Thus, this study has deep findings.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%