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Journals / Kocaeli Üniversitesi Sosyal Bilimler Dergisi (KOSBED) / 2011 / Cilt: 0 - Sayı: 22

The relationship between Istanbul stock exchange performance and economic growth rate: 1998: q1-2010: q3 period

IMKB performansi-ekonomik büyüme oranı arasındaki Ilişki: 1998:Ç1-2010:Ç3 dönemi

Hayati AKSU
İsmet GÖÇER
Bekir ELMAS
Pages
152–167
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Simulta neously, it has been determined that a change in the economic growth will also trigger a change in the share index as a result of Granger causality analysis performed.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the correlation between the evolution of National-100 index of Istanbul Stock Exchange and the economic growth has been examined.
📊
Key Findings & Data:The limit test ap-proach developed by Pesaran et al (2001) has been used for determining the cointegra-tion relation between the variables.
💡
Conclusion & Impact:Simulta neously, it has been determined that a change in the economic growth will also trigger a change in the share index as a result of Granger causality analysis performed.
🔬Design:Research Article
📍Scope:2001 Verileri
⚙️Variables:Domain Parameters

Abstract

In this study, the correlation between the evolution of National-100 index of Istanbul Stock Exchange and the economic growth has been examined. The limit test ap-proach developed by Pesaran et al (2001) has been used for determining the cointegra-tion relation between the variables. As a result, it has been determined that there is a cointegration relation between the variables, a change of growth in the long term affects the index negatively as opposed to what is expected and the deviations among the va-riables in the short term are eliminated and the series converge to one another. Simulta neously, it has been determined that a change in the economic growth will also trigger a change in the share index as a result of Granger causality analysis performed.

Özet

Bu çalışmada; İstanbul Menkul Kıymetler Borsası Ulusal-100 endeksinin değişimiyle ekonomik büyüme oranı arasındaki ilişkiler araştırılmıştır. Değişkenler arasında eş-bütünleşme ilişkisinin tespiti için Pesaran vd.‟nin (2001) geliştirmiş olduğu sınır testi yak-laşımı kullanılmıştır. Sonuç olarak; değişkenler arasında bir eş-bütünleşme ilişkisinin var olduğu, uzun dönemde büyümede meydana gelen bir değişmenin endeksi beklentinin tersi olarak negatif yönde etkilediği ve değişkenler arasında kısa dönemde meydana gelen sap-maların ortadan kalktığı ve serilerinin birbirine yakınsadığı tespit edilmiştir. Aynı zamanda yapılan Granger nedensellik analizi sonucunda ekonomik büyümede meydana gelen bir de-ğişmenin hisse senedi endeksinde bir değişmeye neden olacağı belirlenmiştir.

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Cite This Article

AKSU, H., GÖÇER, İ., ELMAS, B. (2022). The relationship between Istanbul stock exchange performance and economic growth rate: 1998: q1-2010: q3 period. Kocaeli Üniversitesi Sosyal Bilimler Dergisi (KOSBED), Cilt: 0 - Sayı: 22, 152–167. https://ajindex.com/articles/575160

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