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Abstract


The Impact of Transportation Sector on Economic Growth in Turkish and Eurasian Economies
In this study, the relationship between transportation sector and economic growth in Turkey and Eurasian Economies is examined. Annual panel data analyzes covering 1995-2015 period were conducted. First, the homogeneity of the slope coefficients is investigated. Then, whether the series were stationary or not was examined by CADF unit root test. The Westerlund (2007) cointegration test determined the cointegration relationship between economic growth and the transport sector. Test results have shown that economic growth is cointegrating between the transport sector. Finally, cointegration coefficients were estimated with the CCE estimator. It has been observed that the effect of the transport sector on economic growth varies among horizontal cross-sectional units.

Keywords
Eurasian economy, economic growth, panel data analysis, transportation sector.


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