Özet:

The 2008 world economic crisis that deeply shook all the world economies also negatively effected the economy of Turkey, which carried out about half of its exports to European Union (EU) countries. The magnitude and nature of the effect were investigated by econometric analysis performed using monthly data for the period 2005: 01-2019: 12 in this study. For this purpose, Phillips-Perron (PP), Kwiatkowski-Phillips-Scmidth-Shin (KPSS) and Zivot-Andrews (ZA) Unit Root Tests were applied first to determine the stationarity levels of the series, then the Johansen Cointegration Test and Granger Causality Test were applied respectively to investigate both the long-term relationship between the variables and the existence of causality relationships. When the obtained findings are evaluated in general; it has been determined that the series are not stationary at level I(0) but become stationary when their first difference is taken. No long-term relationship has been found between stationary series at the same level I (1), but unilateral or bidirectional causality relationships have been found. The different results of the cointegration and causality tests applied to the series have been interpreted and evaluated.

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