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Dynamic Relationship Between Bist Industrial Index and Industrial Production Index, GEPU, Commercial Loan Interest and Exchange Rate

Author

Listed:
  • Bülent İlhan

    (İstanbul Gelişim University)

  • Funda Kara

    (İstanbul Gelişim University)

Abstract

This study focuses on the industrial production index, GEPU, commercial loan interest rate, and exchange rate, which are among the variables that are estimated to have an impact on the bist industrial index. The ardl bounds testing approach was adopted as the methodology for the study. The analysis covers the period september 2017-july 2024, and monthly data for the variables are used. Empirical findings are: industrial production index and exchange rate have a positive effect on the bist industrial index in the long run. In contrast, the gepu index and commercial loan interest rate have a negative impact.

Suggested Citation

  • Bülent İlhan & Funda Kara, 2025. "Dynamic Relationship Between Bist Industrial Index and Industrial Production Index, GEPU, Commercial Loan Interest and Exchange Rate," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 40(123), pages 166-187, April.
    • Handle: RePEc:acc:malfin:v:40:y:2025:i:123:p:166-187
    DOI: https://doi.org/10.33203/mfy.1610667
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    More about this item

    Keywords

    BIST Industrial Index; Industrial Production Index; GEPU; Loan Interest;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G40 - Financial Economics - - Behavioral Finance - - - General

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