GEÇİŞ EKONOMİLERİNDE FİNANSAL GELİŞME VE EKONOMİK BÜYÜME İLİŞKİSİ

Year 2012, Volume: 32 Issue: 1, 155 - 164, 18.03.2015

Seymur Ağayev

Abstract

Bu çalışmada 20 geçiş ekonomisine ait veri, panel eşbütünleşme ve panel nedensellik analizleri kullanılarak finansal gelişme ve ekonomik büyüme ilişkisi incelenmiştir. Çalışmada finansal gelişmişlik düzeyi göstergesi olarak bankacılık kesimi kredilerinin GSYİH oranı kullanılmıştır. Ekonomik büyüme göstergesi is reel GSYİH artışıdır. Finansal gelişme ve ekonomik büyüme arasındaki ilişki, nedenselliğin yönüne göre talep takipli ve arz öncüllü hipotezler şeklinde ifade edilmektedir. Panel eşbütünleşme sonuçları finansal gelişme ve ekonomik büyüme değişkenlerinin uzun dönem ilişkisine sahip olduklarını gösterir. Nedensellik analizi ise, finansal gelişmeden ekonomik büyümeye doğru tek yönlü nedensellik ilişkisinin olduğu yönünde bulgular sunmakta ve geçiş ekonomileri için arz öncüllü hipotezi desteklemektedir

Keywords

Finansal Gelişme, Ekonomik Büyüme, Geçiş Ekonomileri, Panel Veri

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