EXPORTS AND ECONOMIC GROWTH: A CASE OF TÜRKİYE

OpenAlex İngilizce

Economic growth is the main macroeconomic target of countries and is an important tool for open economies to increase economic growth. As a result of the expanding market with exports, production will increase, resources will be used more effectively and productivity will be achieved. In the post-1980 period in Türkiye, an export-oriented industrialization strategy was adopted instead of an import-substitution industrialization strategy. With liberalization, a new macroeconomic policy approach was developed in which the growth target was based on exports. In this study, the relationship between exports and economic growth in Türkiye for 1980-2023 period was analized by conducting Johansen Cointegration test and Vector Error Correction (VEC) Granger Causality test. Policy recommendations have been proposed due to study results.