Year 2013,
Volume: 27 Issue: 4, 148 - 167, 16.05.2013
Vedat Kaya
,
Ömer Yalçınkaya
,
İbrahim Hüseyni
Abstract
It is generally accepted that there is a close relationship between aggregate construction investments and economic growth. The construction industry, especially for developing countries such as Turkey, plays a very important role in economic growth. This topic has been examined by many researchers so far and the construction industry has been concluded to be associated closely with economic growth. In this study to be made by using data from the period 19872010 of Turkey, it is attempted to ascertain whether there is a systematic relationship between construction investments of public and private sector and economic growth. In the result of the study being used Granger Causality test, it was determined that there was a unidirectional causality relationship both running from public sector construction investments to GDP and running from public sector construction investment with GDP to the private sector construction investments. In the light of these findings, it can be said that as construction investments to be made in Turkey have influence on economic growth, economic growth also to be effective on construction spending.
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Ekonomik Büyümede İnşaat Sektörünün Rolü:Türkiye Örneği (1987-2010)
Year 2013,
Volume: 27 Issue: 4, 148 - 167, 16.05.2013
Vedat Kaya
,
Ömer Yalçınkaya
,
İbrahim Hüseyni
References
- Chia, F. C., Skitmore, M., Runeson, G. and Bridge, A. (2011), “Property Investment, Construction and Economic Growth: The case of Malaysia”, In The Asian Conference on Real Estate (ACRE 2011) : Sustainable Growth, Management Challenges, 3-5 October 2011, Thistle Johor Bahru, Malaysia. http://eprints.qut.edu.au/48558/. (02013).
- Çelik, S. (2007), Türk İnşaat sektörü ve İnşaat Sektörünün Ülke Ekonomisine Etkilerinin Araştırılması, (Yayımlanmamış Yüksek Lisans Tezi), İstanbul: Beykent Üniversitesi Sosyal Bilimler Enstitüsü.
- Dlamini, S. (2012), “Relationship of Construction Sector to Economic Growth”, International Congress on Construction Management, Canada http://www.sitsabo.co.za/docs/misc/cib_paper2012.pdf. (02013). Düzyol, M. C. (1997), Türkiye’de Bina İnşaatı Sektörü ve 1990-2010 Dönemi Bölgesel İhtiyaç Tahmini, (DPT Uzmanlık Tezleri). Ankara, Yayın No: DPT: 2484.
- Gujarati, D. N. (2010), Temel Ekonometri, (Çev.: Ümit Şenesen ve Gülay G. Şenesen), Literatür Yayıncılık, İstanbul.
- Hozan, M. C. (2006), İnşaat Sektörünün Ekonomideki Yeri ve Önemi, (Yayınlanmamış Yüksek Lisans Tezi), Diyarbakır: Dicle Üniversitesi Sosyal Bilimler Enstitüsü.
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- Khan, R. A. (2008), “Role of Construction Sector in Economic Growth: Empirical Evidence from Pakistan Economy”. First International Conference on Construction in Developing Countries (ICCIDC–I), Advancing and Integrating Construction Education, Research and Practice, Karachi, Pakistan, 279-290. http://www.neduet.edu.pk/ ICCIDCI/Conference%20Proceedings/Papers/030.pdf, (10.02.2013). Lopes, J. (1998), “The Construction Industry and Macroeconomy in Sub Saharan Africa Post 1970”, Construction Management and Economics, 16(6): 637-649.
- Lopes, J., Ruddock, L. and Ribeiro, F. L. (2002), “Investment in Construction and Economic Growth in Developing Countries”, Building Research and Information, 30(3): 152-159.
- Mallick, H. and Mahalik M. K. (2010), “Constructing the Economy: The Role of Construction Sector in India’s Growth”, Journal of Real Estate Finance and Economics, 40(3): 368-384.
- Ramachandra, T. and Rameezdeen, R. (2006), “Study of the Relationship between Construction Sector and the Sri Lankan Economy”, BuiltEnvironment-Sri Lanka, 6(2): 50-56.
- Tarı, R. (2010), Ekonometri, 6.Baskı, Umuttepe Yayınları, Kocaeli.
- Tiwari, A. K. (2011), “A Causal Analysis between Construction Flows and Economic Growth: Evidence from India”, Journal of International Business and Economy, 12(2): 27-42.
- TMB, (2011), 30. Olağan Genel Kurulu Dönem Raporu (Nisan 2008-Nisan 2011), Türkiye Müteahhitler Birliği (TMB), Ankara.
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- Wibowo, M. A. (2009), “The Contribution of the Construction Industry to The Economy of Indonesia: A Systemic Approach”, Discussion Paper. Construction Management, Civil Engineering, Department, Diponegoro University, Indonesia. http://eprints. undip.ac.id/387/1/Agung_Wibowo.pdf, (12.01.2013).