Determinants of Domestic Savings in Turkey

Year 2018, Volume: 22 Issue: 2, 155 - 168, 30.12.2018

Fındık Özlem Alper

Abstract

Domestic savings are the most crucial sources of finance for sustainable economic growth and development. It is
critical, especially for developing countries to identify the reasons behind the inefficiency of the domestic economy
and the factors that determine the domestic savings. This study aims to determine the factors affecting domestic
savings in Turkey over the period 1979-2017. Five independent variables consisting of monetary, financial and
demographic aspects are utilized as determinants of domestic savings in Turkey in accordance with the
international literature. Obtained results reveal that the GDP per capita and bank deposit interest rate have a
positive impact on savings, and inflation and public spending have a negative impact on savings; whereas
urbanization rate has no statistically significant effect on savings. 

Keywords

Domestic Savings, Cointegration, Turkey

Türkiye’deki Yurtiçi Tasarrufların Belirleyicileri

Abstract

Sürdürülebilir
ekonomik büyümenin ve kalkınmanın en önemli finansman kaynağı yurtiçi
tasarruflardır. Özellikle gelişmekte olan ülkeler için yurtiçi tasarruflardaki
yetersizliğin nedenlerinin ve yurtiçi tasarrufları belirleyen faktörlerin neler
olduğunun ortaya konulması oldukça önemlidir. Bu çalışmada Türkiye’de 1979-2017
döneminde yurtiçi tasarrufları etkileyen değişkenlerin belirlenmesi
amaçlanmıştır. Uluslararası literatüre uygun olarak Türkiye’de yurtiçi
tasarrufların belirleyicileri olarak parasal, mali ve demografik değişkenlerden
oluşan beş bağımsız değişken kullanılmıştır. Elde edilen sonuçlar; kişi başına
GSYİH ve mevduat faiz oranının tasarrufları pozitif yönde, enflasyon ve kamu
harcamalarının tasarrufları negatif yönde etkilediğini; kentleşme oranının ise
tasarruflar üzerinde istatistiki olarak anlamlı bir etkisinin olmadığını
göstermiştir.

Keywords

Yurtiçi Tasarruflar, Eşbütünleşme, Türkiye

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