Title: Economic growth - inflation nexus and its impact on the development of the automotive industry: the case of Turkey
Authors: Dilek Temiz Dinç; Aytaç Gökmen; Kaan Üstündağ
Addresses: Department of International Trade, Çankaya University, Eskişehir Yolu, 29.km., Yukarı Yurtçu, 06810, Etimesgut, Ankara, Turkey ' Department of International Trade, Çankaya University, Eskişehir Yolu, 29.km., Yukarı Yurtçu, 06810, Etimesgut, Ankara, Turkey ' International Trade and Logistics Program, Graduate School of Social Sciences, Çankaya University, Ankara, Turkey
Abstract: Economic growth is essential for development and welfare of the citizens of a country. Economic development is an intact process involving potentially entire industries in a state. Also, economic growth is associated with macroeconomic indicators such as GDP, exports, imports, budget surplus or deficits, current account balance, interest and inflation rates. Nonetheless, inflation is an important macroeconomic indicator which can influence industrial development positively or negatively. Moreover, the aim of this study is to analyse the impact of inflation on the total automotive industry production in the Republic of Turkey resting on various econometric applications as JJ cointegration test, VECM, Wald test, Gtranger test and LSM.
Keywords: Turkey; growth; inflation; automotive; industry; development; economics; welfare.
International Journal of Economics and Business Research, 2019 Vol.18 No.1, pp.94 - 111
Available online: 07 May 2019 *Full-text access for editors Access for subscribers Purchase this article Comment on this article