Cointegration, Causality and Kaldor’s Hypothesis: Evidence from Turkey, 1946-1995

Authors : Nebiye YAMAK

Pages : 75-80

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Publication Date : 2000-06-01

Article Type : Research Paper

Abstract :This paper, unlike the previous studies dealing with Kaldor’s engine-of-economic growth hypothesis, applies the techniques of cointegration and Granger causality to investigate the causal relationship between industrial growth and overall economic performance in the Turkish economy. The empirical evidence presented in the paper finds support for the Kaldor’s hypothesis.
Keywords : Kaldor\`s engine of economic growth, cointegration, error correction model