Journal of Economic Policy Researches

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DOI :10.26650/JEPR1562023   IUP :10.26650/JEPR1562023    Full Text (PDF)

Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis

Büşra Şimşek, Halil Tunalı

This study examines the relationship between short and medium-long-term loans used by the manufacturing industry sectors in Turkey, classified by their technology intensities, and the industrial production index for each technology intensity. The analysis employs monthly data from 2005 to 2022. This study differs from other studies in the literature by classifying manufacturing industry sectors according to their technology intensities and examining the effects of short- and medium-long-term loans on the sectoral industrial index in line with this classification, using multidimensional homogeneous and heterogeneous panel data methods. The empirical findings indicate that both short and medium-long-term loans have a significant positive effect on the industrial production index across all technology levels for the entire panel. The results based on the technology intensity classification indicate that in the high-tech sectors, short-term loans have a stronger positive impact on the industrial production index than medium- to long-term loans. For medium-high technology sectors, medium-long-term loans have a greater positive effect. Similarly, medium-long-term loans show a stronger positive impact on the medium-low and low technology sectors compared to short-term loans. 

Keywords: Loans, Economic growth, Asymmetric information, High-tech manufacturing industry, Industrial production index, Multidimensional heterogeneous panel data
JEL Classification : O14 , B26 , O32 , L6 , C33

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APA

Şimşek, B., & Tunalı, H. (2025). Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis. Journal of Economic Policy Researches, 12(1), 85-98. https://doi.org/10.26650/JEPR1562023


AMA

Şimşek B, Tunalı H. Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis. Journal of Economic Policy Researches. 2025;12(1):85-98. https://doi.org/10.26650/JEPR1562023


ABNT

Şimşek, B.; Tunalı, H. Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis. Journal of Economic Policy Researches, [Publisher Location], v. 12, n. 1, p. 85-98, 2025.


Chicago: Author-Date Style

Şimşek, Büşra, and Halil Tunalı. 2025. “Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis.” Journal of Economic Policy Researches 12, no. 1: 85-98. https://doi.org/10.26650/JEPR1562023


Chicago: Humanities Style

Şimşek, Büşra, and Halil Tunalı. “Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis.” Journal of Economic Policy Researches 12, no. 1 (Mar. 2025): 85-98. https://doi.org/10.26650/JEPR1562023


Harvard: Australian Style

Şimşek, B & Tunalı, H 2025, 'Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis', Journal of Economic Policy Researches, vol. 12, no. 1, pp. 85-98, viewed 10 Mar. 2025, https://doi.org/10.26650/JEPR1562023


Harvard: Author-Date Style

Şimşek, B. and Tunalı, H. (2025) ‘Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis’, Journal of Economic Policy Researches, 12(1), pp. 85-98. https://doi.org/10.26650/JEPR1562023 (10 Mar. 2025).


MLA

Şimşek, Büşra, and Halil Tunalı. “Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis.” Journal of Economic Policy Researches, vol. 12, no. 1, 2025, pp. 85-98. [Database Container], https://doi.org/10.26650/JEPR1562023


Vancouver

Şimşek B, Tunalı H. Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis. Journal of Economic Policy Researches [Internet]. 10 Mar. 2025 [cited 10 Mar. 2025];12(1):85-98. Available from: https://doi.org/10.26650/JEPR1562023 doi: 10.26650/JEPR1562023


ISNAD

Şimşek, Büşra - Tunalı, Halil. “Unravelling The Loan-growth Nexus: A Technology Intensity Based Analysis”. Journal of Economic Policy Researches 12/1 (Mar. 2025): 85-98. https://doi.org/10.26650/JEPR1562023



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Submitted06.10.2024
Accepted02.12.2024
Published Online14.02.2025

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