DETERMINATION OF MACROECONOMIC VARIABLES AFFECTING CONSUMER CREDITS: ARDL BOUND TEST APPROACH

Developments in credit volume have been followed in a number of countries, especially by politicians, due to their positive effects in terms of economic structure in many countries. At the beginning of the said positive effects are the increasing growth rates due to the economic revival. In this context, determining the relationship between consumer loans and the macroeconomic variables that affect it is an important research topic. In this study, belonging to Turkey in 2013: 01 -2017: covering the 02-month period, data were examined by ARDL bounds testing approach. According to the findings of the analysis, there was a negative relationship between consumer loans and inflation rates in the long run and a positive relationship was found between economic growth, confidence index and stock prices. In the short term, a significant positive correlation was observed between economic growth and stock prices and consumer credits, but there was no correlation between confidence index and inflation rates