- Trakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi E-Dergi
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- The relationship between the purchasing managers\' index (PMI) with economic and financial indicator...
The relationship between the purchasing managers\' index (PMI) with economic and financial indicators in Turkey: A Var analysis
Authors : Volkan Dayan, Serdar Erdogan
Pages : 183-202
Doi:10.47934/tife.12.02.03
View : 87 | Download : 67
Publication Date : 2023-12-30
Article Type : Research
Abstract :In this study, the relationship between Turkey’s Purchasing Managers\' Index (PMI) and various economic and financial indicators was investigated. The data for the period 2018.4 - 2021.2 were used in the analysis, and the Vector Autoregression (VAR) method was preferred. According to the results, although there is a significant relationship between various indicators, it has been determined that the most effective index on PMI is the Export Climate Index. A positive relationship was found between PMI and the Export Climate Index in the short run. There is also a unidirectional causality relationship from the Export Climate Index to PMI. This situation has revealed that exports are influential on the investment decisions of purchasing managers, and therefore market-oriented strategies have an important place in business policies. It is thought that this study will make important contributions to policymakers, researchers and literature.Keywords : Satın Alma Yöneticileri Endeksi, Ekonomik- Finansal Göstergeler, VAR Analizi