ANALYSIS OF CAUSAL RELATIONSHIP AMONG GDP, AGRICULTURAL, INDUSTRIAL AND SERVICES SECTOR GROWTH IN TURKEY | Zendy

Filiz Yetiz | Zendy; Cevher Özden | Zendy

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ANALYSIS OF CAUSAL RELATIONSHIP AMONG GDP, AGRICULTURAL, INDUSTRIAL AND SERVICES SECTOR GROWTH IN TURKEY

Author(s) -

Filiz Yetiz,

Cevher Özden

Publication year - 2017

Publication title -

ömer halisdemir üniversitesi i̇ktisadi ve i̇dari bilimler fakültesi dergisi

Language(s) - English

Resource type - Journals

ISSN - 2564-6931

DOI - 10.25287/ohuiibf.305729

Subject(s) - granger causality , agriculture , variance decomposition of forecast errors , economics , endogeneity , causality (physics) , secondary sector of the economy , economic sector , european union , agricultural economics , econometrics , international economics , economy , geography , physics , archaeology , quantum mechanics

This paper investigates the causal relationship among GDP, agricultural, industrial and services sectors in Turkey for the period of 1968-2015. For this purpose, we employed Engle-Granger causality/block exogeneity Wald test, Impulse Response and Variance Decomposition analysis. The results showed unidirectional granger causality from agriculture to GDP and the other three sectors, while the agricultural sector is not influenced by the others. This is an expected result for any developing country where the agriculture accounts for a large proportion of national GDP, but an unexpected result for developed countries like European Union members to which Turkey has long been wishing to join. To our knowledge, although this method has been applied in various areas, sectoral causality has not been studied for Turkey before

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