İKTİSADİ BÜYÜMEDE FİNANSAL GELİŞMENİN ETKİSİ: D-8 ÜLKELERİNDE NEDENSELLİK İLİŞKİSİ

Year 2011, Volume: 25 Issue: 2, 225 - 235, 08.07.2011

Murat Nişancı İlyas Karabıyık Metin Uçar

Abstract

Finansal gelişme ve iktisadi büyüme arasında yakın bir ilişkinin
varlığı bilinmektedir. Bu ilişki bazen talep yönlü, bazen arz yönlü olmak üzere
kendini gösterir. Bu çalışmada D-8 ülkeleri (Bangladeş, Endonezya, İran,
Malezya, Mısır, Nijerya, Pakistan ve Türkiye) verileri kullanılarak iktisadi
büyüme ile finansal gelişme arasındaki nedensellik ilişkisi panel veri seti
kullanılarak irdelenmeye çalışılmıştır. Veri seti 1960-2009 yıllarını
kapsamaktadır. Analiz edilen ülkelerin bir kısmında, İktisadi büyüme ve
finansal gelişme arasında kısa ve uzun dönem nedensellik ilişkisinin varlığı
tespit edilmiştir. Kullanılan finansal değişkenlerden büyüme üzerinde en etkili
olanın özel sektör kredileri olduğu sonucuna ulaşılmıştır.

Keywords

Finansal Gelişme, İktisadi Büyüme, Nedensellik, D-8 Ülkeleri

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