%0 Journal Article
%T THE IMPACT OF EXPECTATION SURVEYS ON PRODUCTION
%A El£¿in AYKA£¿ ALP
%A Serkan £¿ANKAYA
%J -
%D 2019
%X This study aims to analzye the effect of confidence on industrial production by using consumer confidence and real sector confidence indices. The data set covers Turkish monthly data of 2007:01-2017:12. Since the time period covers the 2008 crisis, the periods are analyzed seperately; the crises period of 2007-2010 and the rather stable period of 2010-2017. The data is analyzed for seasonality and trend components and adjusted for the analzed period. The stationarity of all the variables are tested by unit root tests and the VEC models results reveal that the effect of consumer confidence index on the industrial production is observed significantly however the effect of real sector confidence index on industrial pr£¿oduction index is less significant when compared to the consumer confidence index. In both analysis periods, the effect of confidence indices reveals a more significant effect on production during the crisis periods
%K Sanayi ¨¹retim Endeksi
%K T¨¹ketici G¨¹ven Endeksi
%U http://dergipark.org.tr/ulikidince/issue/41810/471352