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İMKB PERFORMANSI-EKONOMİK BÜYÜME ORANI ARASINDAKİ İLİŞKİ: 1998:Ç1-2010:Ç3 DÖNEMİ

THE RELATIONSHIP BETWEEN ISTANBUL STOCK EXCHANGE PERFORMANCE AND ECONOMIC GROWTH RATE: 1998: Q1-2010: Q3 PERIOD

Journal Name:

  • Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

Publication Year:

  • 2011

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
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.
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Abstract (Original Language): 
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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  • 22
152
167
  • Turkish

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