ENFLASYON VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: TÜRKİYE İÇİN EŞ-BÜTÜNLEŞME VE NEDENSELLİK ANALİZİ

Abstract

Bu çalışmada, iktisat literatürünün önemli tartışma konularından birini oluşturan enflasyon ile ekonomik büyüme arasındaki ilişki, Türkiye açısından belirlenmeye çalışılmaktadır. 1987:1-2007:1 dönemini kapsayan bu çalışmada, GSYİH büyüme oranı, tüketici fiyatları endeksi (TÜFE) ve üretici fiyatları endeksi (ÜFE)’nden hareketle hesaplanan enflasyon oranı değişkenleri kullanılmıştır. Enflasyon oranları ile ekonomik büyüme oranı arasındaki ilişkiler, çok değişkenli eş-bütünleşme analizi ve hata düzeltme-geliştirilmiş Granger nedensellik testleri kullanılarak ekonometrik açıdan analiz edilmektedir. Analiz sonuçlarına göre, uzun dönemde ekonomik büyüme enflasyondan negatif olarak etkilenmektedir. Hata düzeltme-geliştirilmiş Granger nedensellik testleri ise, enflasyondan ekonomik büyümeye doğru tek yönlü bir nedensellik ilişkisi olduğunu göstermektedir.

Keywords

• Enflasyon, ekonomik büyüme, eş-bütünleşme analizi, zayıf dışsallık testi, hata düzeltme-geliştirilmiş Granger nedensellik testi

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