Causal relationship between construction investment policy and economic growth in Turkey

被引：27

作者：

Ozkan, Filiz ^{[2
]}

Ozkan, Omer ^{[3
,4
]}

Gunduz, Murat ^{[1
]}

机构：

[1] Middle E Tech Univ, Dept Civil Engn, TR-06531 Ankara, Turkey

[2] Sakarya Univ, Kaynarca Vocat Sch, Sakarya, Turkey

[3] Sakarya Univ, Fac Technol, Dept Civil Engn, Sakarya, Turkey

[4] Sakarya Univ, Construct Dept, Sakarya, Turkey

来源：

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE | 2012年 / 79卷 / 02期

关键词：

Economic growth; Construction sector; Engle-Granger cointegration; Error correction; Granger causality; INFRASTRUCTURE; CROWD;

D O I：

10.1016/j.techfore.2011.04.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2011 Elsevier Inc. All rights reserved.

引用

页码：362 / 370

页数：9

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