Research Information System
JOURNAL OF EASTERN EUROPEAN AND CENTRAL ASIAN RESEARCH, vol.9, no.6, pp.1107-1116, 2022 (ESCI)
Decisions made by consumers depending on psychological factors affect the incomes of companies and, accordingly, the financial markets. This study discusses the causality relationship between the consumer confidence index, BIST 50 index, and BIST electricity. The research was conducted assuming there may be a causal relationship between the consumer confidence index and BIST 50 and BIST electricity indices. The causality relationship between the consumer confidence index, BIST 50 index, and BIST electricity index was examined with the Granger causality test covering the period from January 2012 to June 2022. As a result, the performed tests considered the lag lengths determined a one-way causality relationship between the BIST 50 index and the BIST electricity index.