The relationship between the purchasing managers' index (PMI) with economic and financial indicators in Turkey: A Var analysis

Autor: Serdar Erdogan, Volkan Dayan
Jazyk: English<br />Turkish
Rok vydání: 2023
Předmět:
Zdroj: Trakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi E-Dergi, Vol 12, Iss 2, Pp 183-202 (2023)
Druh dokumentu: article
ISSN: 2147-2483
DOI: 10.47934/tife.12.02.03
Popis: 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.
Databáze: Directory of Open Access Journals