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Causal relationship between construction investment policy and economic growth in Turkey

Author

Listed:
  • Ozkan, Filiz
  • Ozkan, Omer
  • Gunduz, Murat

Abstract

The construction industry in countries experiencing severe economic crisis has vital importance to get out of stagnation because of its direct relations with 200 different sectors. In this study, the relationship between the construction growth data (infrastructure, building and residential (public), building and residential (private) investment) and gross domestic product (GDP) is examined for Turkey. To this end, Engle–Granger cointegration, error correction model (ECM) and Granger causality tests were applied in order to determine the aforementioned relation. It has been found that the infrastructure and building–residential investments have direct relations with the GDP and have causality effects.

Suggested Citation

  • Ozkan, Filiz & Ozkan, Omer & Gunduz, Murat, 2012. "Causal relationship between construction investment policy and economic growth in Turkey," Technological Forecasting and Social Change, Elsevier, vol. 79(2), pages 362-370.
    • Handle: RePEc:eee:tefoso:v:79:y:2012:i:2:p:362-370
    DOI: 10.1016/j.techfore.2011.04.007
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    Citations

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    Cited by:

    1. Hakkı Kutay Bolkol, 2015. "Causal Relationship between Construction Production and GDP in Turkey," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 4(3), pages 42-53, July.
    2. Jun, Seung-Pyo & Park, Do-Hyung, 2016. "Consumer information search behavior and purchasing decisions: Empirical evidence from Korea," Technological Forecasting and Social Change, Elsevier, vol. 107(C), pages 97-111.
    3. Erol, Isil & Unal, Umut, 2015. "Role of Construction Sector in Economic Growth: New Evidence from Turkey," MPRA Paper 68263, University Library of Munich, Germany.
    4. Jinho Choi & Nina Shin & Yong Sik Chang, 2021. "Strategic Investment Decisions for Emerging Technology Fields in the Health Care Sector Based on M&A Analysis," Sustainability, MDPI, vol. 13(7), pages 1-20, March.

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