Abstract:

In this study, the causality relationship among economic growth, exports and Eximbank loans was examined by using the data that Turkey’s post-transition program to strong economy in the period (2002:Q1-2015:Q3). In the context of causality process, firstly, stationarity is investigated by using Augmented Dickey-Fuller (ADF) unit root test, long-term relationship is investigated by using Johansen co-integration test and then causality relationship is examined by using Granger test and impulse response analysis is carried out. According to the results of causality analysis, a bidirectional causality between exports and economic growth and a unilateral causality from exports to Eximbank loans have been obversed. In the results of cointegration analysis, a long-term relationship between exports and Eximbank loans could not be detected. Also it was analyzed by impulse-response analysis with the help of graphs how each variables reacts to different shock in 8 quarters.

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