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

Volkan Dayan; Serdar Erdogan

Makale detayları

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

Yazarlar:

Volkan Dayan | Serdar Erdogan

Yayıncı:

Trakya University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Trakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi E-Dergi Vol.12 Issue 2, pp.183-202

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001306076

pISSN:

2147-2483

Anahtar kelimeler:

Özet:

 In this study, the relationship between Turkeys 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.

 In this study, the relationship between Turkeys 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.

 In this study, the relationship between Turkeys 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.

 Türkiyede 2018-2021 yılları arası döneme yönelik Satın Alma Yöneticileri Endeksinin PMI çeşitli ekonomik ve finansal endekslerle aralarındaki ilişkileri VAR analizi ile incelenmiştir. Çalışmada elde edilen sonuçlara göre, çeşitli endekslerin aralarında anlamlı ilişkiler bulunmakla birlikte, PMI üzerinde en etkili olan endeksin ihracat iklimi endeksi olduğu tespit edilmiştir. PMI ve EXI arasında kısa dönemde pozitif yönlü bir ilişki bulunmuştur. Ayrıca EXIden PMIa doğru tek yönlü bir nedensellik ilişkisi de bulunmaktadır. Bu durum satın alma yöneticilerinin yatırım kararları üzerinde ihracatı etkili olduğunu, dolayısıyla pazar odaklı stratejilerin işletme politikalarında önemli bir yeri bulunduğu ortaya koymuştur. Çalışmanın ekonomide karar vericilere, araştırmacılara ve literatüre önemli katkılar sağlayacağı düşünülmektedir.

Makale detayları

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

Yazarlar:

Volkan Dayan | Serdar Erdogan

Yayıncı:

Trakya University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Trakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi E-Dergi Vol.12 Issue 2, pp.183-202

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001306076

pISSN:

2147-2483

VAR Analysis

Purchasing Managers

Economic-Financial IndicatorsSatın Alma Yöneticileri Endeksi

Ekonomik- Finansal Göstergeler

VAR Analizi

Sayı

Makale detayları

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

Yazarlar: Volkan Dayan | Serdar Erdogan

Yayıncı: Trakya University

Ana Başlıklar: Finansal Ekonomi

Dergi: Trakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi E-Dergi Vol.12 Issue 2, pp.183-202

Belge Tipi: Makale

Yayın Tarihi: 12/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001306076

pISSN: 2147-2483

VAR Analysis

Purchasing Managers

Economic-Financial IndicatorsSatın Alma Yöneticileri Endeksi

Ekonomik- Finansal Göstergeler

VAR Analizi

Sayı

Yazarlar:

Volkan Dayan | Serdar Erdogan

Yayıncı:

Trakya University

Ana Başlıklar:

Finansal Ekonomi

Dergi:

Trakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi E-Dergi Vol.12 Issue 2, pp.183-202

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001306076

pISSN:

2147-2483