Vol. 12 No. 2 (2024): Business & Management Studies: An International Journal
Articles

Examining the relationship between exports and economic growth in Türkiye: Fourier Toda-Yamamoto Granger causality test

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  • Ömer Fazıl Emek
Ömer Fazıl Emek
Assoc. Prof. Dr., Mardin Artuklu University, Mardin, Türkiye
DOI: https://doi.org/10.15295/bmij.v12i2.2385

Published 2024-06-25

Keywords

  • Ekonomik Büyüme, İhracat, İhracata Dayalı Büyüme Stratejisi, Fourier Toda-Yamamoto Granger Nedensellik Testi
  • Economic Growth, Export, Export-Led Growth Strategy, Fourier Toda-Yamamoto Granger Causality Test

How to Cite

Emek, Ömer F. (2024). Examining the relationship between exports and economic growth in Türkiye: Fourier Toda-Yamamoto Granger causality test. Business & Management Studies: An International Journal, 12(2), 287–296. https://doi.org/10.15295/bmij.v12i2.2385

Copyright (c) 2024 Ömer Fazıl Emek

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Abstract

This study aims to investigate the causal relationship between exports and economic growth in Türkiye from 2016:1 to 2023:12, focusing on the validity of the export-led growth hypothesis. The Fourier Toda-Yamamoto Granger Causality Test created by Nazlıoğlu, Gormus and Soytas (2016) was used with variables including total exports and industrial production index derived from monthly data. The data suggest a bidirectional causation between the two variables, indicating that each one is the cause of the other. The export-led growth hypothesis is confirmed in Türkiye for the relevant timeframes. The results of this study align closely with existing research on the topic compared to other studies, further suggesting that decreasing the reliance on imported intermediate items in Turkish export products will enhance the direct connection between exports and economic growth.

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