Tags:Construction Industry, Economic Growth and Granger Causality Analysis
Abstract:
The general progress of economy is being associated with the main industries of countries. Different kinds of them have been taken the lead, in the worldwide. Furthermore, the situation may depend on the structure of the countries in here. Turkey possesses many opportunities in obtaining materials from different resources and hot money flow. However, this type of cash flow and easy access to resources cannot be seen all the time. Therefore, precautions have to be taken. Industries must come to a level that they will not always rely on these types of flows, but which one of them have to be the locomotive? In Turkey, the construction industry is considered to have taken this position. The purpose of this paper is observing this hypothesis to understand the relationships of other main sectors and construction industry. Granger causality tests have been performed for 19 main sectors and the industries having relationship are investigated in detail that how much relation is observed between them
The Granger Causality Analysis of Construction Industry: Case Study in Turkey