THE RELATIONSHIP BETWEEN CONSUMER CREDIT AND CONSUMER CONFIDENCE INDEX

Authors : Ayhan KAPUSUZOĞLU, Nildağ BAŞAK CEYLAN, Ayyüce MEMİŞ

Pages : 1-8

View : 21 | Download : 9

Publication Date : 2019-08-15

Article Type : Conference Paper

Abstract :The purpose of this study is to analyze he relationship between consumer credit and consumer confidence index is analyzed for Turkey. The period that is covered in the study is between 2005:01 to 2018:12 and the data used is monthly. As a model, in order to measure short term relationship, Granger causality test is used. For long term relationship, Johansen Cointegration test is used. The results of the tests show that there is no short term relationship among consumer credit and consumer confidence index. For the long run relationship, there is long run relationship from consumer confidence index to consumer credit. 
Keywords : Consumer Confidence Index, Consumer Credit, Co integration, Causality