Özet:

This study aims to examine the relationship between commercial loans extended by commercial banks to manufacturing industry sub-sectors and economic growth in Turkey between the years 2010-2019. Granger causality analysis was conducted to determine the causality between the 13 manufacturing sub-sectors and the industrial production index in Turkey. According to the findings, it was determined that there is a one-way causality running from commercial loans extended to wood and wood products, leather and leather products, other non-metallic metals, electrical and optical instruments, rubber and plastic products, the main metal industry, and processed mine production, nuclear fuel, oil refinery and coke production sectors in Turkey to the industrial production index. In addition, there is a one-way causality from the industrial production index to the commercial loans extended to Turkey's textile and textile products sector.