Ekonomik Özgürlük ve Borçlanma Faiz Oranları Arasındaki İlişkinin Analizi

Year 2022, Volume: 6 Issue: 3, 2667 - 2682, 30.09.2022

Burak Büyükoğlu Burcu Buyuran İbrahim Halil Ekşi

https://doi.org/10.29023/alanyaakademik.1071556

Abstract

Ekonomik özgürlük kavramı ülkelerin toplumsal refahını gösteren, kurumsallaşma yapısını ortaya koyan ve gerek tüzel kişilerin gerekse bireylerin kendi emek ve mülkiyetini kontrol edebilme, üretim, tüketim ve yatırım kararlarını alabilme gücünü gösteren önemli göstergelerden biridir. Toplumda ekonomik özgürlük artışının toplumun refah seviyesini artırması ile birlikte ülkelerin borçlanma seviyelerini azaltması beklenmektedir. Bu çalışmanın temel amacı ülkelerin ekonomik özgürlük ile borç verme faiz oranları arasındaki ilişkinin tespit edilmesidir. Çalışmada G20 ülkelerinin 2010-2020 arası verileri kullanılarak geliştirilen model, dinamik panel veri yöntemi ile tahmin edilmiştir. Araştırma sonucunda borç verme faiz oranı ile ekonomik özgürlük arasında negatif yönlü anlamlı ilişki tespit edilmiştir. Bu sonuca göre ülkelerde ekonomik özgürlük arttıkça borç verme faiz oranı azalmakta olduğu tespit edilmiştir.

Keywords

Ekonomik Özgürlük, Heritage Ekonomik Özgürlükler Endeksi (IEF), Borç Verme Faiz Oranı, GMM

Analysis of the Relationship Between Economic Freedom and Lending Interest Rates

Abstract

The concept of economic freedom is one of the important indicators showing the social welfare of countries, revealing the institutionalization structure, and showing the power of both legal persons and individuals to control their own labor and property, and to make production, consumption and investment decisions. It is expected that the increase in economic freedom in the society will increase the welfare level of the society and decrease the borrowing levels of the countries. In the study, the model developed by using the data of the G20 countries between 2010 and 2020 was estimated with the dynamic panel data method. As a result of the research, a negative significant relationship was determined between the lending interest rate and economic freedom. According to this result, it has been determined that as economic freedom increases in countries, the lending interest rate decreases.

Keywords

Economic Freedom, Heritage Index of Economic Freedoms (IEF), Lending Rate, GMM

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