Is PMI a Leading Indicator: Case of Turkey

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dc.authoridAKDAG, SAFFET/0000-0001-9576-6786
dc.authoridDeran, Ali/0000-0001-5377-6740
dc.contributor.authorAkdag, Saffet
dc.contributor.authorDeran, Ali
dc.contributor.authorIskenderoglu, Omer
dc.date.accessioned2024-11-07T13:25:26Z
dc.date.available2024-11-07T13:25:26Z
dc.date.issued2020
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractIn this study, the causal relationships of the Purchasing Managers Index (PMI) with various financial factors are examined. As a result of the analysis, it is determined that the change in the Istanbul-Stock-Exchange-Industry Index (ISEIND) causes the change in the PMI and the changes in the PMI also causes the changes in the Industrial-Production Index (IPI) and the Capacity-Utilization-Rates (CUR). It is also determined that the causality towards to PMI from the ISEIND and causality towards IPI from PMI is valid in the medium- and long-run, whereas the causality towards PMI to CUR are valid for the all periods. According to these results, PMI can be considered as a leading indicator for the real sector. However, the same result does not apply to the financial sector.
dc.identifier.doi10.17233/sosyoekonomi.2020.03.03
dc.identifier.endpage47
dc.identifier.issn1305-5577
dc.identifier.issue45
dc.identifier.scopus2-s2.0-85119860218
dc.identifier.scopusqualityN/A
dc.identifier.startpage37
dc.identifier.trdizinid461252
dc.identifier.urihttps://doi.org/10.17233/sosyoekonomi.2020.03.03
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/461252
dc.identifier.urihttps://hdl.handle.net/11480/14712
dc.identifier.volume28
dc.identifier.wosWOS:000560244100004
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherSosyoekonomi Soc
dc.relation.ispartofSosyoekonomi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241106
dc.subjectPurchasing Manager's Index
dc.subjectIstanbul Stock Exchange Industry Index
dc.subjectIndustrial Production Index
dc.subjectCapacity Utilization Rates
dc.subjectGranger Casuality
dc.subjectFrequency Domain Causality
dc.titleIs PMI a Leading Indicator: Case of Turkey
dc.title.alternativePMI Öncü Bir Gösterge mi? Türkiye Örneği
dc.typeArticle

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