THE EFFECT OF SOME SECTORS INDICES ON BORSA İSTANBUL'S MONTHLY EXPORT FIGURES: ROBUST REGRESSION MODEL APPLICATION


Sector indices, which are considered as an important indicator in the securities market, provide information on the status of each sector. The increase in the stock prices offered to the publicly traded companies in the national and international markets indicates that their economic activities continue at a good level and this leads to an increase in the sector index they are affiliated with. Liberalized economics and financial markets cause companies to turn to exports. Now companies need to be active not only in the domestic market but also in the international markets in order to grow. In this way, the companies contribute to the economy by increasing their export rates in their countries. As the companies, which are the components of the sector indices, gain value, they can also increase the export rates. In this study; food in the sector index with Turkey to reach the existence of the relationship between exports, tourism and financial indices of monthly exchange of, the impact on export figures for January 2000 - were tested using the May 2018 period, the monthly data. Multiple Regression Analysis was applied in the research, but because of the autocorrelation problem, Robust Regression Model known as Resistant Regression was used. In the Multiple Regression Model, the second phase of the Robust Regression model was not included in the analysis since it was concluded that the tourism index had no significant effect on the export figures. As a result of the analysis, it was found that food and financial index had a positive and significant effect on export figures.


Keywords


Export Figures, Robust Regression Model, Sector Indices

Author : Murat KESEBİR -Hakan YILDIRIM
Number of pages: 1577-1590
DOI: http://dx.doi.org/10.29228/TurkishStudies.23005
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Turkish Studies-Social Sciences
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