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Below please find a list of definitions for the term that
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What is GDP

Chapter 9

Handbook of Research on Global Issues in Financial Communication and Investment Decision Making

It is gross domestic product that includes consumption, private investment, government expenditure, and net export amount.

Published in Chapter:

Do Financial Investment Decisions Affect Economic Development?: An Analysis on Mortgage Loans in Turkey

Serhat Yüksel (İstanbul Medipol University, Turkey) and Pınar Tuğçe Kavak (İstanbul Medipol University, Turkey)

Source Title: Handbook of Research on Global Issues in Financial Communication and Investment Decision Making

DOI: 10.4018/978-1-5225-9265-5.ch009

Abstract

The purpose of this chapter is to determine whether mortgage loans have an influence on economic growth in Turkey. In this context, as the variable of the mortgage, the ratio of the mortgage loans to the total loans is taken into consideration. Also, the increase ratio in GDP is used as an economic growth variable. In addition to this situation, quarterly data of these variables for the periods between 2005:1 and 2017:3 is examined. On the other hand, Engle-Granger cointegration analysis is considered in this study in order to reach this objective. In the analysis process, firstly, the variables are subjected to the ADF unit root test, and it is understood that both variables become stationary by taking first order differences. It is identified that there is a long-term relationship between mortgage loans and economic growth in Turkey. By considering these results, it is recommended to encourage mortgage loans in order to increase economic growth.