Esra Gözde EREN With the crisis experienced in 2008, in Turkey, growth targets changed, and a model of growth in which savings are directed to productive investments, was adopted, instead of consumption-based growth model. This change was expressed in 10th 5-Year Development Plan (2014-2018). In the recent years, in Turkey, besides the deepening saving deficit, current deficit, and increase in the debts of private sector form a vulnerability in economy, they threaten and make difficult to apply the targeted model. In order to achieve growth targets, it is seen that credit channels are often put into operation through banks. However, due to the fact that credits expand in uncontrolled way can lead Turkish Lira to be overvalued, current deficit to increase, and foreign capital inflow and interest rates to increase, controlling credit expansion has a great importance. In this context, in the study, it was aimed to be introduced the effect of vehicle credit, housing credit, consumer credit, and credit cards taking place in personal credit system on economic growth. In the direction of findings obtained in the study, for targeted growth to be provided with the productive investments foreseen, it will be possible to reveal that credit policies have effects in what direction.
Economic Growth, Personal Credits, Johansen Co-integration Analysis