Article

 

Import and Economic Growth in Turkey: Evidence from Multivariate VAR Analysis (p.54-75)

by

Ahmet Uğur, Inonu University

Keywords : Import, Economic growth, Multivariate VAR analysis

JEL classification : C32, O11

Abstract

This study made an attempt to analyze empirically the relationship between imports and economic growth in Turkey. In order to make an elaborate examine of the import-economic growth relationship, import is decomposed to its categories and then a multivariate VAR analysis is used to determine the relationship. Empirical results derived from IRFs and VDCs show that while there is a bidirectional relationship between GDP and investment goods import and raw materials import, there is a unidirectional relationship between GDP and consumption goods import and other goods import.