Examination of the Relationship between Producer Price Index and Consumer Price Index: ARDL Bounds Testing Approach

Year 2017, Volume: 25 Issue: 34, 173 - 186, 31.10.2017

Harun Terzi , Asiye Tütüncü

https://doi.org/10.17233/sosyoekonomi.289926

Cited By: 4

Abstract

Producer
price index and consumer price index are used instead of each other for
calculating inflation rate and various economic indicators. However, if there
is a long-run relationship between the variables, this process can provide
effective results. Otherwise, the results vary according to the price index. Therefore, in this study, long and
short-run relationships between producer and consumer price index was
investigated. As a result of analysis performed with ARDL, bounds test for the
period of 2010:m5-2016:m4 in Turkey, bi-directional and
statistically significant causality has been found between Consumer Price Index
(CPI) and Producer Price Index (PPI) both in the short and long run.

Keywords

Producer price index, Consumer price index, ARDL, Bounds test

Türkiye’de Üretici Fiyat Endeksi ve Tüketici Fiyat Endeksi Arasındaki İlişkinin İncelenmesi: ARDL Sınır Testi Yaklaşımı

Abstract

Üretici
fiyat endeksi ile tüketici fiyat endeksi, enflasyon oranın belirlenmesi ve
çeşitli ekonomik göstergelerin hesaplanmasında birbirleri yerine
kullanılmaktadır. Ancak değişkenler arasında uzun dönemli bir ilişki olması
halinde bu işlemler etkili sonuçlar vermektedir. Aksi halde ele alınan fiyat
endeksine göre sonuçlar değişmektedir. Bu nedenle, bu çalışmada, üretici ve
tüketici fiyat endeksi arasındaki uzun ve kısa dönemli ilişkiler incelenmiştir.
Türkiye’de 2010:m5-2016:m4 dönemi ARDL sınır testi ile gerçekleştirilen analiz
sonucunda, üretici fiyat endeksi (ÜFE) ve tüketici fiyat endeksi (TÜFE)
arasında hem kısa hem de uzun dönemde çift yönlü ve istatistiksel olarak
anlamlı bir nedensellik ilişkisinin olduğu tespit edilmiştir.

Keywords

Üretici fiyat endeksi, Tüketici fiyat endeksi, ARDL sınır testi

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