Causal relationship between construction investment policy and economic growth in Turkey

Date

2012-02-01

Author

Ozkan, Filiz
Ozkan, Omer
Gunduz, Murat

Metadata

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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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.

Subject Keywords

Management of Technology and Innovation, Applied Psychology, Business and International Management

URI

https://hdl.handle.net/11511/66872

Journal

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE

DOI

https://doi.org/10.1016/j.techfore.2011.04.007

Collections

Department of Civil Engineering, Article

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Citation Formats

F. Ozkan, O. Ozkan, and M. Gunduz, “Causal relationship between construction investment policy and economic growth in Turkey,” TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, pp. 362–370, 2012, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/66872.