- BDDK Bankacılık ve Finansal Piyasalar Dergisi
- Vol: 16 Issue: 2
- Determining the Relationships Between Domestic Credits, Economic Growth and Inflation in Turkiye by ...
Determining the Relationships Between Domestic Credits, Economic Growth and Inflation in Turkiye by Nonlinear Cointegration Analysis
Authors : Yusuf Tuna, Ayça Doğaner, Güldenur Çetin
Pages : 173-187
Doi:10.46520/bddkdergisi.1178334
View : 20 | Download : 18
Publication Date : 2022-09-22
Article Type : Research
Abstract :The aim of this study is to determine the relationship between GDP and inflation and domestic loans given by banks to the private sector by using time series models. In this study, in which the 1972-2020 annual data for Turkiye were used, Harvey et al. (2008) Harvey and Leybourne (2007) linearity tests, traditional unit root tests for linearly determined series and Kapetanios, Shin and Snell (2003) (KSS) unit root tests for nonlinear series were performed. After the series were determined to be stationary, Kapetanios, Shin and Snell (KSS) (2006) cointegration test was performed. According to the results of the analysis, no cointegrated relationship was found between the GDP and inflation and domestic loans given by banks to the private sector in Turkiye. As a result, it can be said that there is no pass-through effect on GDP and inflation rates as a result of the increase/decrease in loans given by banks to the private sector in Turkiye.Keywords : Domestic Loan, GDP, Inflation, Linearity test