The nexus between agricultural production and agricultural loans for banking sector groups in Turkey
| Autor: | Esra Kadanali, Emine Kaya |
|---|---|
| Přispěvatelé: | Belirlenecek |
| Rok vydání: | 2021 |
| Předmět: |
Credit
Economics Econometrics and Finance (miscellaneous) Agricultural finance Unit-Root Vector autoregression Low-interest rates 0502 economics and business The Republic of Turkey Ziraat Bank Econometrics Economics Agricultural productivity Bank loans Farmers 050208 finance Cointegration business.industry 05 social sciences Agricultural and Biological Sciences (miscellaneous) Access Agriculture sector Impact Agriculture Ordinary least squares Time-Series Variance decomposition of forecast errors 050202 agricultural economics & policy Unit root business Nexus (standard) |
| Zdroj: | Agricultural Finance Review. 82:151-168 |
| ISSN: | 0002-1466 |
| DOI: | 10.1108/afr-09-2020-0149 |
| Popis: | PurposeThis study aims to determine the nexus between agricultural production and agricultural loans for the period Q1 2003–Q4 2018 in Turkey.Design/methodology/approachThe authors employ the time-series analyses within the scope of the study. Firstly, they run the Engle–Granger two-step cointegration test and the Toda–Yamamoto causality analysis. They also use the dynamic ordinary least squares (DOLS) model estimator and estimate the vector autoregression model for predicting the dynamic structure of time series.FindingsThe results of time series analyses reveal that the variables are cointegrated and there are causal relationships between agricultural loans and agricultural production. Also, the variance decomposition findings indicate that the effect of agricultural loans provided by development-investment banks and participation banks on agricultural production has increased over the years, and the deposit banks have a high impact on agricultural production. The results of the DOLS model indicate that agricultural loans have a positive effect on agricultural production.Originality/valueThis research is one of the few studies that comprehensively determines the direction of nexus between agricultural production and agricultural loans in Turkey economy. This is the first contribution of the study in the literature. Another contribution of this study is to investigate the nexus between agricultural production and agricultural loans for banking sector groups. Unlike other studies in the literature, this study calculates the variance decomposition by going beyond unit root and cointegration tests. Thus, this study has deep findings. |
| Databáze: | OpenAIRE |
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