The Relationship Between Economic Growth and Stock Market Performance: An Empirical Research on Turkey

Abstract

Depending on the economic developments, the relationship between stock market performance and economic growth is a matter of interest to researchers in the developing countries. But when the literature is examined, there isn’t a consensus about this relationship in the literature by reason of the fact that the subject differ from country to country. The purpose of the study is to determine the relationship between economic growth and stock market performance for Turkey. In the study first of all, the relationship between economic growth and stock market performance will be introduced and the study will continue with literature review. Finally, the study will be ended with empirical analysis which includes 2000-2017 period. A significant relationship could not be determined in the related period according to the result of Granger Causality Test.