TY - JOUR T1 - Türkiye’de Finansal Gelişme ile Ticari Serbestleşmenin Büyümeye Etkisi AU - Ak, Mehmet Zeki AU - Aydın, M Kemal AU - Altıntaş, Nurullah AU - Küçük, Düzeltilmiş En PY - 2015 DA - December JF - Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi PB - Eskişehir Osmangazi University WT - DergiPark SN - 1306-6730 SP - 0 EP - 0 VL - 10 IS - 3 LA - tr AB - Ticaretin ve finansın önündeki engelleri azaltıp dışa açılan ekonomilerin içe dönük ekonomilere göre daha hızlı büyüme kaydettiğine vurgu yapan neoliberal yaklaşımlar, gerek politika yapıcıların gerekse çekmektedir. gerçekleştirilen bu çalışma, neoliberal yaklaşımı destekle-yen Çalışmada ekonomisinde gelişme ve büyüme değişkenleri arasındaki ilişki sorgulanmıştır. Bu amaca dönük olarak Johansen eş-bütünleşme testleri ile Dinamik En Küçük Kareler Yöntemi DOLS ve Düzeltilmiş En Küçük Kareler Yöntemi FMOLS uygulanmıştır. Johansen testi sonuçlarına göre değişkenler arasında bir eşbütünleşme ilişkisi bulun-maktadır. Bir başka ifade ile finansal gelişme ve ticari serbestleşme, ülkenin büyüme performansını belirleyen güçlü birer faktördür. Diğer taraftan DOLS ve FMOLS testleri, üzerindeki etkisi-nin finansal serbestleşmenin büyüme üzerindeki etkisinden daha güçlü olduğu göstermektedir KW - Liberalization methodologies Financial Development KW - DOLS Trade FMOLS Growth KW - and N2 - Neoliberal approaches, which emphasizes that outward looking economies has a faster growth than inward looking economies by reducing the obstacles of trade and finance, gains intense interest of both policymaker and researchers. Based on this interest, this study presents findings that support neoliberal approaches.In this study, trade liberalization in Turkish economy and the relation between financial growth and expansion parameters in the period 1980-2010 are examined.For this aim, Johansen cointegration test with DOLS and FMOLS methodologies are applied. According to results of Johansen test there is a cointegration relation between the parameters.In other words, financial growth and trade liberalization are subsitantial factors thatdetermine the growth performance of the country.On the other hand, DOLS and FMOLS tests shows that trade liberalization has more powerful effect than financial liberalization on growth CR - Atif, R. M., A. Jadoon, K. Zaman, A. Ismail, R. Seemab (2010), “Trade Liberalization CR - Finan-cial Development and Economic Growth: Evidence from Pakistan: 1980 CR - ”, Journal of International Academic Research, 10 (2), 30-37. Awojobi, O. (2013), “Does Trade Openness and Financial Liberalization Foster CR - Growth: An Empirical Study of Greek Economy”, International Journal of Social Economics, 40 (6), 537-555. Barro, R. J. ve X. Sala-i Martin, (1995). Economic Growth, New York: McGraw-Hill CR - Bencivenga, V. R. ve B. D. Smith (1991), “Financial Intermediation and Endogenous CR - Growth”, Review of Economic Studies, 58(2), 195-209. Bojanic, A. N. (2012), “The Impact of Financial Development and Trade on The Economic Growth of Bolivia”, Journal of Applied Economics, 15 (1), 51-70. CR - Chimobi, O. P. (2010), “The Causal Relationship among Financial Development CR - Trade Open-ness and Economic Growth in Nigeria”, International Journal of Economics and Finance, 2 (2), 137-147. Dickey, D. A. ve W.A. Fuller (1981), “Distribution of the Estimators for CR - Autoregressive Time Series with a Unit Root”, Econometrica, 49 (4), 1057-1072. CR - Dollar, D. (1992), “Outward-oriented Developing Economies Really Do Grow More CR - Rapidly: Evidence from 95 LDCs: 1976–1985”, Economic Development and Cultural Change, 40 (3), 523-544. CR - Edwards, S. (1998), “Openness, Productivity and Growth: What Do We Really CR - Know”, Eco-nomic Journal, 108 (447), 383-398. Elliott, G. R., T. J. Rothenberg and J. H. Stock (1996), “Efficient Tests for an CR - Autoregressive Unit Root”, Econometrica, 64 (4), 813-836. Greenaway, D., W. Morgan, P. Wright (2002), “Trade Liberalization and Growth in CR - Greenwood, J. ve B. Jovanovic (1990), “Financial Development, Growth and The Distribution of Income”, Journal of Political Economy, 98(5), 1076-1107. CR - Grossman, G. M., ve E. Helpman (1991), Innovation and Growth in The Global CR - Economy, Cambridge: MIT Press. Harrison, A. (1996), “Openness and Growth: A time-series, Cross-country Analysis for Devel-oping Countries”, Journal of Development Economics, 48 (2), 419-447. CR - İsmihan, M. ve F. G. Özkan (2012), “Public Debt and Financial Development: A CR - Theoretical Exploration”, Economics Letters, 115 (3), 348-351. İsmihan, M., B. Özkösem, S. M. Cilasun (2013), “Finance, Instability, Debt and Growth: The Turkish Case, 1980-2010”, EY International Congress on Economics I CR - Gazi University, An-kara, Turkey, October 24-25. Johansen, S. (1988), “Statistical Analysis of Co-integrating Vectors,” Journal of CR - Economic Dy-namics and Control, 12 (2-3), 231-254. Kar, M., S. Nazlioglu, H. Agir (2011), “Financial Development and Trade Openness CR - Linear and Nonlinear Causality Analysis”. 12th International Symposium on Econometrics Opera-tions Research and Statistics, May 26-29, 2011, Denizli, Turkey. CR - Katircioglu, S. T., N. Kahyalar, H. Benar (2007), “Financial Development, Trade and Growth Triangle: The Case of India”, International Journal of Social Economics, 34 (9), 586-598 CR - Kennedy, P. (2003), A Guide to Econometrics, Cambridge, MA: MIT Press. CR - King, R. G., ve R. Levine (1993) “Finance, Entrepreneurship and Growth”, Journal of Mone-tary Economics, 32(3), 513-542. CR - Levine, R. (2005), “Finance and Growth: Theory and Evidence”, in (eds.) Philippe CR - Aghion and Steven N. Durlauf (2005), Handbook of Economic Growth, North CR - Holland: Elsevier Science, 865-934. Levine, R., ve D. Renelt (1992), “A Sensitivity Analysis of Cross-country Growth CR - Regres-sions”, American Economic Review, 82, 942-963. Leamer, E. E. (1988), “Measures of Openness”, (ed.) Robert E. Baldwin (1988) CR - Trade Policy Issues and Empirical Analysis, University of Chicago Press,145-204. Lucas, R. (1988), “On the Mechanics of Economic Development”, Journal of CR - Monetary Eco-nomics, 22(1), 3-42. Nazlioglu, Ş., K. Menyah, Y. Wolde-Rufael (2014), “Financial Development, Trade CR - Openness and Economic Growth in African Countries: New Insights from A Panel Causality Approach”, Economic Modelling, 37, 386-394. Pagano, M. (1993), “Financial Markets and Growth: An Overview”, European CR - Economic Re-view, 37(2-3), 613–622. Phillips, P. C. ve B. E. Hansen (1990), “Statistical Inference in Instrumental CR - Variables Regres-sion with I (1) Processes”, The Review of Economic Studies, 57 (1), 99-125. Rebelo, S. (1991), “Long-Run Policy Analysis and Long-Run Growth”, The Journal of CR - Political Economy, 99 (3), 500-521. Rodriguez, F. and D. Rodrik (2001), “Trade Policy and Economic Growth: a CR - Skeptic’s Guide to the Cross national Evidence”, NBER Macroeconomics Annual , Volume 15. MIT Press, 261-338. Romer, P. (1986), “Increasing Returns and Long Run Growth”, Journal of Political Economy, 94 (5), 1002-1037. CR - Roubini, N. ve X. Sala-i Martin (1992), “Financial Repression and Economic CR - Growth.”, Jour-nal of Development Economics, 39(1), 5-30. Saint-Paul, G. (1992), “Technological Choice, Financial Markets and Economic CR - Development”, European Economic Review, 36(4), 763-781. Sachs, J. D., A. Warner, A. Åslund, S. Fischer, (1995), “Economic Reform and The Process of Global Integration”, Brookings Papers on Economic Activity, 1-118 CR - Solow, R. M. (1994), “Perspectives on Growth Theory”, The Journal of Economic Perspecti-ves, 45-54. CR - Yücel, F. (2009), “Causal Relationships between Financial Development, Trade CR - Openness and Economic Growth: The Case of Turkey”, Journal of Social Sciences, (1), 33-42. Wacziarg, R. ve K. H. Welch (2008), “Trade Liberalization and Growth: New CR - Evidence”, The World Bank Economic Review, 22 (2), 187-231. UR - https://dergipark.org.tr/en/pub/oguiibf/article/785199 ER -