The Impacts of Sectoral Value Added to Economic Growth in Turkey

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The origins of economics are based on the balance between unlimited needsand scarce resources. This constraint has prompted economists to considerhow to increase their production capacity and how much they will producewhich good. In this historical process, it has become inevitable for economiesto increase their production capacities and to realize structuraltransformations. At this point, the question arises in which sector theproductivity and added value in production contribute more to economicgrowth. Agriculture is an important component of economic growth indeveloping countries and constitutes a large part of employment.Manufacturing has played a key role in rapid economic growth since theindustrial revolution. On the other hand, with the liberalization period after1980, it was understood that the share of manufacturing in productiondecreased and there was a tendency towards the services sector indeveloping countries. In this context, it is important to research the addedvalues in agriculture, manufacturing, and services sectors and to revealsectoral productivity. The aim of this paper is to research the impacts ofagriculture, manufacture, and services value-added on economic growth inTurkey using econometric analysis methods. For this purpose, therelationship between variables was analyzed using regression and Grangercausality methods for the period 1969-2019. According to the results of theregression analysis, it was seen that the value added that contributed themost to economic growth was the services sector with 0.47. Next, camemanufacturing with 0.32 and finally the agricultural sector with a coefficientof 0.19. Granger causality test results showed that there is a mutual causalityrelationship between economic growth and manufacturing value added. Inaddition, it appeared that there is a one-sided causality from economicgrowth to agricultural value added. Analysis results reveal that the valueadded in the agriculture and manufacturing industry does not supportsufficiently economic growth. In this context, it should be encouraged bypolicymakers to increase the added value in agriculture and manufacturingindustry.


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