Examining the Effects of Food and Product Production Values and Production Added Value on Inflation Over the Years: Empirical Evidence for TurkeyJournal: Journal of Economics and Business (Vol.4, No. 2)
Publication Date: 2021-06-30
Authors : Isil Tellalbasi Menguc;
Page : 189-195
Keywords : Inflation; Food; Product; Production;
In this study, it is aimed to examine the effects of food and product production values on inflation. In the study, the variables of the World Bank Country Reports between 1991-2019 Consumer Price Index, Wholesale Price Index, Food Production Index, Product Production Index and Production Value Added were used. According to the results obtained from the study, there is a statistically significant relationship between TUFE and TOFE and GUE, UUE and UKD variables (p <0.01). According to the results of controlled correlation analysis, the effects of food and product production indexes on consumer and wholesale inflation level are not statistically significant (p> 0.05). The effect of UKD and GUE parameters on inflation is statistically significant (p <0.05). Explanation power of both models is very high. According to the regression coefficients, UKD has a negative effect, and GUE has a positive effect. The results show that production has a positive effect on inflation, while production value added has a decreasing effect on consumer and wholesale prices. These results show that the production in our country is actually high cost and its added value is low.
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Last modified: 2021-06-01 14:30:50