The relationship between Economic Growth, Exports and Government Expenditure: The case of Turkey

Fatih Okur () and Özgür Bayram Soylu ()
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Fatih Okur: Social Sciences
Özgür Bayram Soylu: Social Sciences

No 1003844, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The aim of this study, to analyze the relationship between economic growth, exports and government expenditures in the period of 1980-2013; to test If export-led growth hypothesis holds in Turkey. In this analyze, ADF unit root, Johansen Co-integration and Granger Causality tests are used. According to ADF unit root test, all the variables are stationary in their first levels. Johansen Co-integration results show that there is a long-run relationship between economic growth, exports and government expenditure. Because there is co-integration between the variables, VECM is used to test causality. Empirical results show that there is a unidirectional causality which runs from export to economic growth in the short-run period. In the long-run period, While it is found that the causality runs as bidirectional between economic growth and government expenditure, there is a unidirectional causality which runs from export to economic growth and government expenditure.

Keywords: Economic Growth; Export; Government Expenditure; VECM; Causality (search for similar items in EconPapers)
Pages: 1 page
Date: 2015-05
New Economics Papers: this item is included in nep-ara, nep-cwa, nep-fdg and nep-gro
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Published in Proceedings of the Proceedings of the 15th International Academic Conference, Rome, May 2015, pages 838-838

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:1003844

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