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FİNANSAL GELİŞME VE EKONOMİK BÜYÜME İLİŞKİSİ: TÜRKİYE ÖRNEĞİ

Yıl 2020, Cilt: 13 Sayı: 2, 130 - 140, 31.12.2020

Öz

Bu çalışmada Türkiye ekonomisine ilişkin veriler 2010:01-2019:3 döneminde yurtiçi kredi hacmi, Borsa İstanbul büyüme oranı, kapasite kullanım büyüme oranı ve ihracat ve ithalat büyüme oranları değişkenleri ile finansal gelişme ekonomik büyüme ilişkisini ortaya koyabilmek için amprik analiz yapılmıştır. Amprik analizde ARDL eşbütünleşme yaklaşımı ile değişkenler arasındaki uzun dönem ilişkinin varlığı ortaya konmuştur. Kısa dönem ilişki ve ilişkinin yönünün ortaya konması için ise Toda Yamamoto nedensellik analizi yapılmıştır. Analiz sonuçları yurt içi kredi hacminin kapasite kullanım oranlarındaki büyümenin nedeni olduğunu göstermektedir. Aynı zamanda yurtiçi kredi hacminin sanayi üretim endeksindeki büyüme oranı ve Borsa İstanbul endeksindeki büyüme oranıyla çift yönlü nedensellik ilişkisi olduğu görülmektedir.

Kaynakça

  • Ak, M., Altıntaş, N., ve Şimşek, A. (2016), “The Causality Analysis Of Relationship Between Financial Development And Economic Growth In Turkey”. Journal of Dogus Un, 17(2), 151-160.
  • Akinlo, AE. and Egbetunde, T. (2010), “Financial development and economic growth: Theexperience of 10 sub-Saharan African countries revisited.” The Review of Finance and Banking, 2(1), 17-28.
  • Aydın, M. K., Ak, M. Z. & Altıntaş, N. (2014), "Financial Development Growth Effect: Special in Turkey Causality Analysis", Maliye Journal, 167, 149-162.
  • Beck, T., Levine, R., and Loayza, N. (2000), “Finance And The Sources Of Growth”, Journal of Financial Economics, 58, 261-300.
  • Bozoklu, Ş. & Yılancı, V. (2013), “The Causality Relation Between Financial Development and Economic Growth: An Analysis for Emerging Economies” Dokuz Eylul University Faculty of Economics and Administrative Sciences Journal, 28(2), 161-187.
  • Ceylan, S. & Durkaya, M. (2010), “Use of credit-economic growth relationship in Turkey”, Atatürk University Journal of Economics and Administrative Sciences, 24(2), 21-35.
  • Christopoulos, DK. and Tsionas, EG. (2004), “Financial development and economic growth: Evidence from panel root and cointegration tests”, Journal of Development Economics, 73, 55-74.
  • Felek, Ş., Yayla, N. & Çağlar, A. (2018), “ EU Direct Investment In Turkey, The ARDL Approach To Financial Development And Economic Growth Relationship”, International Journal of Economic and Administrative Studies, 20, 63-82.
  • Güneş, S. (2012). Finansal gelişmişlik ve büyüme arasındaki nedensellik testi: Türkiye örneği. Doğuş Üniversitesi Dergisi, 14(1), 73-85.
  • Kaya, A.- Gülhan, Ü.- Güngör, B. (2012), “Turkey Finance and Investment Sector Interaction Economy ", Journal of Academic Research and Studies, 5(8), 2-15.
  • King, RG. and Levine, R.(1993) “Finance and growth: Schumpeter might be right.”, Quarterly Journal of Economics, 108 (3), 713-737.
  • Kremers, J. J, Ericson, N. R, Dolado, J. J. (1992), “The power of cointegration tests.” Oxford Bulletin of Economics and Statistics, 154; 325–47.
  • Luintel, KB. and Khan, M. (1999), “ A quantitative reassessment of the finance growth nexus: Evidence from a multivariate VAR” Journal of Development Economics, 60(2), 381- 405.
  • Marques, LM., Fuinhas, JA. and Marques, AC. (2013), “Does the stock market cause economic growth? Portuguese evidence of economic regime change.”, Economic Modelling, 32, 316- 324.
  • McKinnon, RI. (1973), “Money and Capital in Economic Development”, Washington: The Brookings Institution.
  • Mercan, M. & Peker, O. (2013), “The Effect Of Financial Development On Economic Growth: An Econometric Analysis.” Eskisehir Osmangazi University Journal of Economic and Administrative Sciences, 8 (1), 93-120.
  • Musabeh A., Alrifai K.,Kalloub M., Financial Development, Economic Growth And Welfare: Evidence From Emerging Countries, Journal Of Business Economics and Finance, Volume 9, Issue 2, 118-131.
  • Nazlioglu Ş., Soytas U.,(2011)., “World Oil Prices And Agricultural Commodity Prices : Evidence From Emerging Markets”,Energy Economics, Volume 33, Issue3 488-496.
  • Nyasha, S. and Odhiambo, NM. (2015), “Banks, Stock Market Development And Economic Growth In South Africa: A Multivariate Causal Linkage”, Applied Economics Letters, 22(18),1480-1485.
  • Nyasha, S. and Odhiambo, NM. (2018), “Finance-growth nexus revisited: Empirical evidence from six countries” Scientific Annals of Economics and Business, 65(3), 247-268.
  • Odedokun, MO., (1996), “Alternative Econometric Approaches For Analysing The Role Of The Financial Sector In Economic Growth: Time-Series Evidence From Ldcs”. Journal of Development Economics, 50(1), 119-146.
  • Ozcan, B. & Ari, A., (2011), "Financial development and economic growth of the relationship between an empirical analysis: The case of Turkey”, Business and Economics Research Journal, 2(1), 121-142.
  • Odhiambo, NM. (2009), “Finance-Growth-Poverty Nexus In South Africa: A Dynamic Causality Linkage”, Journal of Socio-Economics, 38, 320-325. Osuala, AE., Okereke, JE., Nwansi, GU. (2013) “Does stock market development promote economic growth in emerging markets? A causality evidence from Nigeria.”, World Review of Business Research, 3(4), 1-13.
  • Pata U.K.and Agca A. (2018), “Cointegration And Causality Relationship Between Financial Development And Economic Growth: The Case Of Turkey”, Osmaniye Korkut Ata University Journal of Economics and Administrative Sciences Vol:2, Issue:2, December 2018, pp. 115-128.
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001), “Bounds Testing Approaches To The Analysis Of Level Relationships”, .Journal of Applied Econometrics, 16(3), 289-326.
  • Schumpeter, J. (1934), The Theory of Economic Development, Translated by Redvers Opie, Harvard University Press, Cambridge, MA.
  • Shaw, ES., ( 1973), Financial Deepening in Economic Development. New York: Oxford University Press
  • Shan, JZ. and Morris, AG. 2002. Does financial development ‘Lead’ economic growth. International Review of Applied Economics, 16(2), 153-168.
  • Vurur N. S., Özen E. (2013), “Investigation of Deposit Bank Credit and Economic Growth Relationship in Turkey.”, Usak University Journal of Social Sciences, 6(3), 117-131.
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

N.serap Vurur

Yayımlanma Tarihi 31 Aralık 2020
Yayımlandığı Sayı Yıl 2020 Cilt: 13 Sayı: 2

Kaynak Göster

APA Vurur, N. (2020). FİNANSAL GELİŞME VE EKONOMİK BÜYÜME İLİŞKİSİ: TÜRKİYE ÖRNEĞİ. Uşak Üniversitesi Sosyal Bilimler Dergisi, 13(2), 130-140.

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