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Economic growth - inflation nexus and its impact on the development of the automotive industry: the case of Turkey

Author

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  • Dilek Temiz Dinç
  • Aytaç Gökmen
  • Kaan Üstündağ

Abstract

Economic growth is essential for development and welfare of the citizens of a country. Economic development is an intact process involving potentially entire industries in a state. Also, economic growth is associated with macroeconomic indicators such as GDP, exports, imports, budget surplus or deficits, current account balance, interest and inflation rates. Nonetheless, inflation is an important macroeconomic indicator which can influence industrial development positively or negatively. Moreover, the aim of this study is to analyse the impact of inflation on the total automotive industry production in the Republic of Turkey resting on various econometric applications as JJ cointegration test, VECM, Wald test, Gtranger test and LSM.

Suggested Citation

  • Dilek Temiz Dinç & Aytaç Gökmen & Kaan Üstündağ, 2019. "Economic growth - inflation nexus and its impact on the development of the automotive industry: the case of Turkey," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 18(1), pages 94-111.
    • Handle: RePEc:ids:ijecbr:v:18:y:2019:i:1:p:94-111
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    Cited by:

    1. Muhammad Fikry Hadi & Muhammad Hidayat & Dwi Widiarsih & Neng Murialti, 2021. "The Role of Electricity and Energy Consumption Influences Industrial Development between Regions in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 403-408.

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