Is PMI a Leading Indicator: Case of Turkey
Yükleniyor...
Dosyalar
Tarih
2020
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
In this study, the causal relationships of the Purchasing Managers Index (PMI) with various financial factors are examined. As a result of the analysis, it is determined that the change in the Istanbul-Stock-Exchange-Industry Index (ISEIND) causes the change in the PMI and the changes in the PMI also causes the changes in the Industrial-Production Index (IPI) and the Capacity-UtilizationRates (CUR). It is also determined that the causality towards to PMI from the ISEIND and causality towards IPI from PMI is valid in the medium- and long-run, whereas the causality towards PMI to CUR are valid for the all periods. According to these results, PMI can be considered as a leading indicator for the real sector. However, the same result does not apply to the financial sector.
Açıklama
Anahtar Kelimeler
Purchasing Manager’s Index, Istanbul Stock Exchange Industry Index, Industrial Production Index, Capacity Utilization Rates, Granger Casuality, Frequency Domain Causality, Satınalma Yöneticileri Endeksi, BİST Sanayi Endeksi, Sanayi Üretim Endeksi, Kapasite Kullanım Oranı, Granger Nedensellik, Frekans Nedensellik Analizi
Kaynak
Sosyoekonomi
WoS Q Değeri
Scopus Q Değeri
Cilt
28
Sayı
45
Künye
Akdağ, S., Deran, A. ve İskenderoğlu, Ö. (2020). Is PMI a Leading Indicator: Case of Turkey, Sosyoekonomi, 28 (45), 37-47.
