KÜRESELLEŞME ÇAĞINDA EKONOMIK BÜYÜME VE KAMU BORCU: GELIŞMEKTE OLAN ÜLKELERE DAIR BIR İNCELEME

Abstract

Özet

Bu çalışma, 1970-2015 yılları arasını kapsamak üzere 72 az gelişmiş ve gelişmekte olan ülkenin, kamu borcu ve

ekonomik büyüme arasındaki nedensellik ilişkisini ampirik olarak incelemektedir. Toda-Yamamoto genişletilmiş

Granger nedensellik analiz testi uygulanmıştır. Yapılan analize göre, 21 ülkede ekonomik büyümeden kamu

borçlanmasına doğru, 15 ülkede kamu borçlanmasından ekonomik büyümeye doğru, 9 ülkede karşılıklı bir

nedensellik ilişkisi tespit edilmiş ve 27 ülke ekonomisi için kamu borçlanması ile ekonomik büyüme arasında

herhangi bir nedensellik ilişkisi gözlemlenmemiştir.

Keywords

• Kamu borcu,Ekonomik büyüme,Nedensellik analizi

ECONOMIC GROWTH AND PUBLIC DEBT IN THE ECONOMIC GLOBALIZATION ERA: AN EMPIRICAL INVESTIGATION OF DEVELOPING COUNTRIES

Abstract

Abstract

This paper empirically examines the causal relationship between public debt and economic growth in a

sample of the 72 countries consisting of less developed and developing, country-by-country, in the period

of 1970–2015. I apply the Toda-Yamamoto augmented Granger non-causality testing procedure. I observe

a significant causality from economic growth to the public debt of a country in twenty-one countries. In

fifteen countries, there is a unidirectional causality running from the public debt to economic growth. I find

bi-directional causality in only nine countries and no causal relation in twenty-seven economies.

Keywords

• Public debt,Economic growth,Causality analysis

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