TÜRKİYE'DE ENFLASYON VE BANKA KREDİLERİNİN LEASING İŞLEMLERİ ÜZERİNDEKİ ASİMETRİK ETKİSİ: NARDL MODELİ UYGULAMASI

Çiğdem KURT CİHANGİR
2021 International Journal of Management Economics and Business  
The aim of this study is to determine whether the change in inflation expectations and bank loans make leasing transactions more important in the Turkish economy, where bank loans are heavily in funding. Furthermore, there are also examined the relationships substitutability and complementarity between leasing and bank loans. For these purposes, the asymmetric effect of inflation expectations and bank loans on leasing transaction volume are investigated by the nonlinear ARDL (NARDL)
more » ... (NARDL) cointegration method. The results of the study, which examined the period 2013Q1-2019Q3, are as follows: Firstly, in Turkey in the period under review, the effect of the decrease in inflation expectations on leasing transaction volume is greater than the increase in inflation expectations. So, there is an asymmetric effect. The secondly, the findings suggest that there is a complementary relationship between bank loans and leasing transactions
doi:10.17130/ijmeb.814955 fatcat:z642rzpvsvhnrklg23efdmxwqq