Testing the Relationship Between Financial Liberalization and Industrial Production With Fourier Based Approaches: The Case of Turkey

Selim Güngör, Emrah Şahin and Süleyman Serdar Karaca
Additional contact information
Selim Güngör: Tokat Gazi̇osmanpaşa University
Emrah Şahin: Hi̇ti̇t University
Süleyman Serdar Karaca: Tokat Gazi̇osmanpaşa Üni̇vesi̇tesi̇

Journal of Finance Letters (Maliye ve Finans Yazıları), 2020, vol. 35, issue 113, 119-138

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.

Keywords: Financial Liberalization; Industrial Production; Fourier Cointegration Test (search for similar items in EconPapers)
JEL-codes: B22 C51 D24 E44 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/tr/download/article-file/1087764 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:35:y:2020:i:113:p:119-138

DOI: 10.33203/mfy.570314

Access Statistics for this article

Journal of Finance Letters (Maliye ve Finans Yazıları) is currently edited by Süleyman Kale

More articles in Journal of Finance Letters (Maliye ve Finans Yazıları) from Maliye ve Finans Yazıları Yayıncılık Ltd. Şti.
Bibliographic data for series maintained by Süleyman Kale ().