The relationship between the purchasing managers' index (PMI) with economic and financial indicators in Turkey: A Var analysis
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Tarih
2023
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info:eu-repo/semantics/openAccess
Özet
In this study, the relationship between Turkey’s Purchasing Managers' Index (PMI) and various economic and financial indicators was investigated. The data for the period 2018.4 - 2021.2 were used in the analysis, and the Vector Autoregression (VAR) method was preferred. According to the results, although there is a significant relationship between various indicators, it has been determined that the most effective index on PMI is the Export Climate Index. A positive relationship was found between PMI and the Export Climate Index in the short run. There is also a unidirectional causality relationship from the Export Climate Index to PMI. This situation has revealed that exports are influential on the investment decisions of purchasing managers, and therefore market-oriented strategies have an important place in business policies. It is thought that this study will make important contributions to policymakers, researchers and literature.
Açıklama
Anahtar Kelimeler
Kaynak
Trakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi e-Dergi
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Cilt
12
Sayı
2
