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Abstract


The Import-led Growth Hypothesis in Turkey
In this study, the linkage between import, fixed capital investments, labor force, financial development and economic growth are analyzed in Turkey over the 1980-2017 period. Spesifically, the validity of import-led growth hypothesisis tested for Turkish economy through the ARDL bounds test, FMOLS estimation technique and Granger causality method. According to the empirical results, acointegration between the variables is not found. Empirical results also reveal that import negatively affects economic growt in the long run. There exists no causality between importand economic growth. All there sults suggest that the import-led growth hypothesis is not valid for Turkish economy. It is possible to derive some policy implications from the results of study.

Keywords
Keywords: Turkey, Imports, Economic Growth, ARDL Bounds Test, FMOLS, Causality.


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