The nexus between agricultural production and agricultural loans for banking sector groups in Turkey
Yükleniyor...
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Emerald
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Purpose: This study aims to determine the nexus between agricultural production and agricultural loans for the period Q1 2003–Q4 2018 in Turkey. Design/methodology/approach: The authors employ the time-series analyses within the scope of the study. Firstly, they run the Engle–Granger two-step cointegration test and the Toda–Yamamoto causality analysis. They also use the dynamic ordinary least squares (DOLS) model estimator and estimate the vector autoregression model for predicting the dynamic structure of time series. Findings: The results of time series analyses reveal that the variables are cointegrated and there are causal relationships between agricultural loans and agricultural production. Also, the variance decomposition findings indicate that the effect of agricultural loans provided by development-investment banks and participation banks on agricultural production has increased over the years, and the deposit banks have a high impact on agricultural production. The results of the DOLS model indicate that agricultural loans have a positive effect on agricultural production. Originality/value: This research is one of the few studies that comprehensively determines the direction of nexus between agricultural production and agricultural loans in Turkey economy. This is the first contribution of the study in the literature. Another contribution of this study is to investigate the nexus between agricultural production and agricultural loans for banking sector groups. Unlike other studies in the literature, this study calculates the variance decomposition by going beyond unit root and cointegration tests. Thus, this study has deep findings.
Açıklama
Anahtar Kelimeler
Agricultural finance, Agriculture sector, Bank loans, Farmers, Low-interest rates, The Republic of Turkey Ziraat Bank
Kaynak
Agricultural Finance Review
WoS Q Değeri
Scopus Q Değeri
Cilt
Sayı
Künye
Kaya, E., & Kadanalı, E. (2021). The nexus between agricultural production and agricultural loans for banking sector groups in Turkey. Agricultural Finance Review.
