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BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ

Year 2015, Volume: 33 Issue: 2, 65 - 84, 27.08.2015
https://doi.org/10.17065/huiibf.58825

Abstract

Bu çalışmada, Türkiye’de bankacılık sektörü toplam kredi hacminin, istihdam ve ekonomik büyüme üzerindeki etkileri, Carrion-i-Silvestre vd. (2009) çoklu yapısal kırılmalı birim kök testi, Maki (2012) çoklu yapısal kırılmalı eşbütünleşme testi ve dinamik en küçük kareler yöntemi yardımıyla, 2000:Q1-2012:Q4 dönemi için analiz edilmiştir. Analiz sonucunda, Türkiye’de kredi hacmindeki artışların istihdamı ve ekonomik büyümeyi pozitif etkilediği tespit edilmiştir.

References

  • Aghion, P., P. Howitt, D. Mayer-Foulkes (2005), “The Effect of Financial Development on Convergence: Theory and Evidence”, The Quarterly Journal of Economics, MIT Press, 120(1), 173-222.
  • Aslan, Ö., I. Küçükaksoy (2006), “Finansal Gelişme ve Ekonomik Büyüme İlişkisi: Türkiye Ekonomisi Üzerine Ekonometrik Bir Uygulama”, Ekonometri ve İstatistik, 4, 12-18.
  • Bai, J., P. Perron (2003) “Computation and Analysis of Multiple Structural Change Models”, Journal of Applied Econometrics, 18, 1-22.
  • Carrion-i-Silvestre, J.L., A. Sanso (2006), “Testing the Null of Cointegration with Structural Breaks”, Oxford Bulletin of Economics and Statistics, 68(5), 623-646.
  • Beck, T., R. Levine, N. Loayza (2000), “Financial Intermediation and Growth: Causality and Causes”, Journal of Monetary Economics, 46(1), 31-47.
  • Beck, T., R. Levine (2004), “Stock Markets, Banks, and Growth: Panel Evidence”, Journal of Banking & Finance, 28, 423-442.
  • Benmelech, E., N.K. Bergman, A. Seru (2011), “Finance and Unemployment”, NBER Working Paper, No. 17144.
  • Bertrand, M., A. Schoar, D. Thesmar (2007), “Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985”, Journal of Finance, 62(2), 597- 628.
  • Calderon, C., L. Liu (2002), “The Direction of Causality Between Financial Development and Economic Growth”, Central Bank of Chile Working Papers, No. 184.
  • Carrion-i-Silvestre, J.L., D. Kim, P. Perron (2009), “GLS-Based Unit Root Tests with Multiple Structural Breaks Under Both the Null and the Alternative Hypotheses”, Econometric Theory, 25, 1754-1792.
  • Castillo, P.J. (2009), “Unemployment Threat of the Financial Crisis”, Asia-Pacific Social Science Review, 9(1), 41-46.
  • Ceylan, S., M. Durkaya (2010), “Türkiye’de Kredi Kullanımı-Ekonomik Büyüme İlişkisi”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 24(2), 21-33.
  • Esteve, V., F. Requena (2006), “A Cointegration Analysis of Car Advertising and Sales Data in the Presence of Structural Change”, International Journal of the Economics of Business, 13(1), 111-128.
  • Federici, D., F. Caprioli (2009), “Financial Development and Growth: An Empirical Analysis”, Economic Modelling, 26, 285–294.
  • Goldsmith, R.W. (1969), Financial Structure and Economic Development, New Haven: Yale University Press.
  • Gregory, A.W., B.E. Hansen (1996), “Residual-Based Tests for Cointegration in Models With Regime Shifts”, Journal of Econometrics, 70(1), 99-126.
  • Gurley, J.G., E.S. Shaw (1955), “Financial Aspects of Economic Development”, American Economic Review, 45(4), 515-538.
  • Han, C.K. (2009), “Unemployment, Financial Hardship, and Savings in Individual Development Accounts” Journal of Poverty, 13(1), 74-95.
  • Hatemi-J, A. (2008), “Tests For Cointegration with Two Unknown Regime Shifts with an Application to Financial Market Integration”, Empirical Economics, 35, 497-505.
  • Lee, J., M.C.Strazicich (2003), “Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks”, The Review of Economics and Statistics, 85(4), 1082-1089.
  • Lumsdaine, R.L. D.H. Papell (1997), “Multiple Trend Breaks and the Unit Root Hypothesis”, The Review of Economics and Statistics, 79, 212-218.
  • King, R.G., R. Levine (1993), “Finance and Growth: Schumpeter may be Right”, Quarterly Journal of Economics, 108(3), 713-737.
  • Maki, D. (2012), “Tests For Cointegration Allowing for an Unknown Number of Breaks”, Economic Modelling, 29(5), 2011-2015.
  • McCaig, B., T. Stengos (2005), “Financial Intermediation and Growth: Some Robustness Results”, Economics Letters, 88(3), 306–312.
  • McKinnon, R.I. (1973) Money and Capital in Economic Development, Washington DC: The Brooking Institution. Mencinger, J. (2009), “The “Addiction” with FDI and Current Account Balance”, Ekonomski Horizonti, 11(2), 5-17.
  • Mercan, M. (2013), “Kredi Hacmindeki Değişimlerin Ekonomik Büyümeye Etkisi: Türkiye Ekonomisi İçin Sınır Testi Yaklaşımı”, Bankacılar Dergisi, 84, 54-71.
  • Ng, S., P. Perron, (2001), “Lag Length Selection and the Construction of Unit Root Tests with Good Size and Power”, Econometrica, 69, 1519-1554. Pagano, M., G. Pica (2012), “Finance and Employment”, Economic Policy, 27(69), 5-55.
  • Patrick, H.T. (1966), “Financial Development and Economic Growth in Underdeveloped Countries”, Economic Development and Cultural Change, 14, 174-189.
  • Rajan, R.G., L. Zingales (1998), “Financial Dependence and Growth”, The American Economic Review, 88(3), 559-586.
  • Perron, P. (1989), “The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis”, Econometrica, 57(2), 1361-1401.
  • Perron, P. (1997), “Further Evidence on Breaking Trend Functions in Macroeconomic Veriables”, Journal of Econometric, 80: 355-385.
  • Shabbir, G., S. Anwar, Z. Hussain, M. Imran (2012), “Contribution of Financial Sector Development in Reducing Unemployment in Pakistan”, International Journal of Economics and Finance, 4(1), 260-268.
  • Shaw, E.S. (1973), Financial Deepening in Economic Development, New York: Oxford University Press.
  • Stock, J., M.W. Watson (1993), “A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems”, Econometrica, 61(4), 783-820.
  • TCMB-EVDS (2013), Bankacılık Sektörü Kredi Hacmi ve GSYİH-Harcamalar Yöntemiyle.
  • Tuğcu, C.T., A. Aslan (2012), “Financial Development and Employment: A VAR Analysis for the Case of Turkey”, Clute Institute International Conference, June, Rome, Italy, pp. 561- 565.
  • TUİK (2013), Temel İstatistikler- İstihdam, İşsizlik ve Ücret, Ankara: TUİK. Westerlund, J., D. Edgerton (2006), “Simple Tests for Cointegration in Dependent Panels with Structural Breaks”, Lund University, Department of Economics, Working Papers, No: 13.
  • Zivot, E., D. Andrews (1992), “Further Evidence on the Great Crash, the Oil-Price Shock and the Unit-Root Hypothesis”, Journal of Business Economic Statistics, 10(3), 251-270.

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Year 2015, Volume: 33 Issue: 2, 65 - 84, 27.08.2015
https://doi.org/10.17065/huiibf.58825

Abstract

-

References

  • Aghion, P., P. Howitt, D. Mayer-Foulkes (2005), “The Effect of Financial Development on Convergence: Theory and Evidence”, The Quarterly Journal of Economics, MIT Press, 120(1), 173-222.
  • Aslan, Ö., I. Küçükaksoy (2006), “Finansal Gelişme ve Ekonomik Büyüme İlişkisi: Türkiye Ekonomisi Üzerine Ekonometrik Bir Uygulama”, Ekonometri ve İstatistik, 4, 12-18.
  • Bai, J., P. Perron (2003) “Computation and Analysis of Multiple Structural Change Models”, Journal of Applied Econometrics, 18, 1-22.
  • Carrion-i-Silvestre, J.L., A. Sanso (2006), “Testing the Null of Cointegration with Structural Breaks”, Oxford Bulletin of Economics and Statistics, 68(5), 623-646.
  • Beck, T., R. Levine, N. Loayza (2000), “Financial Intermediation and Growth: Causality and Causes”, Journal of Monetary Economics, 46(1), 31-47.
  • Beck, T., R. Levine (2004), “Stock Markets, Banks, and Growth: Panel Evidence”, Journal of Banking & Finance, 28, 423-442.
  • Benmelech, E., N.K. Bergman, A. Seru (2011), “Finance and Unemployment”, NBER Working Paper, No. 17144.
  • Bertrand, M., A. Schoar, D. Thesmar (2007), “Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985”, Journal of Finance, 62(2), 597- 628.
  • Calderon, C., L. Liu (2002), “The Direction of Causality Between Financial Development and Economic Growth”, Central Bank of Chile Working Papers, No. 184.
  • Carrion-i-Silvestre, J.L., D. Kim, P. Perron (2009), “GLS-Based Unit Root Tests with Multiple Structural Breaks Under Both the Null and the Alternative Hypotheses”, Econometric Theory, 25, 1754-1792.
  • Castillo, P.J. (2009), “Unemployment Threat of the Financial Crisis”, Asia-Pacific Social Science Review, 9(1), 41-46.
  • Ceylan, S., M. Durkaya (2010), “Türkiye’de Kredi Kullanımı-Ekonomik Büyüme İlişkisi”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 24(2), 21-33.
  • Esteve, V., F. Requena (2006), “A Cointegration Analysis of Car Advertising and Sales Data in the Presence of Structural Change”, International Journal of the Economics of Business, 13(1), 111-128.
  • Federici, D., F. Caprioli (2009), “Financial Development and Growth: An Empirical Analysis”, Economic Modelling, 26, 285–294.
  • Goldsmith, R.W. (1969), Financial Structure and Economic Development, New Haven: Yale University Press.
  • Gregory, A.W., B.E. Hansen (1996), “Residual-Based Tests for Cointegration in Models With Regime Shifts”, Journal of Econometrics, 70(1), 99-126.
  • Gurley, J.G., E.S. Shaw (1955), “Financial Aspects of Economic Development”, American Economic Review, 45(4), 515-538.
  • Han, C.K. (2009), “Unemployment, Financial Hardship, and Savings in Individual Development Accounts” Journal of Poverty, 13(1), 74-95.
  • Hatemi-J, A. (2008), “Tests For Cointegration with Two Unknown Regime Shifts with an Application to Financial Market Integration”, Empirical Economics, 35, 497-505.
  • Lee, J., M.C.Strazicich (2003), “Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks”, The Review of Economics and Statistics, 85(4), 1082-1089.
  • Lumsdaine, R.L. D.H. Papell (1997), “Multiple Trend Breaks and the Unit Root Hypothesis”, The Review of Economics and Statistics, 79, 212-218.
  • King, R.G., R. Levine (1993), “Finance and Growth: Schumpeter may be Right”, Quarterly Journal of Economics, 108(3), 713-737.
  • Maki, D. (2012), “Tests For Cointegration Allowing for an Unknown Number of Breaks”, Economic Modelling, 29(5), 2011-2015.
  • McCaig, B., T. Stengos (2005), “Financial Intermediation and Growth: Some Robustness Results”, Economics Letters, 88(3), 306–312.
  • McKinnon, R.I. (1973) Money and Capital in Economic Development, Washington DC: The Brooking Institution. Mencinger, J. (2009), “The “Addiction” with FDI and Current Account Balance”, Ekonomski Horizonti, 11(2), 5-17.
  • Mercan, M. (2013), “Kredi Hacmindeki Değişimlerin Ekonomik Büyümeye Etkisi: Türkiye Ekonomisi İçin Sınır Testi Yaklaşımı”, Bankacılar Dergisi, 84, 54-71.
  • Ng, S., P. Perron, (2001), “Lag Length Selection and the Construction of Unit Root Tests with Good Size and Power”, Econometrica, 69, 1519-1554. Pagano, M., G. Pica (2012), “Finance and Employment”, Economic Policy, 27(69), 5-55.
  • Patrick, H.T. (1966), “Financial Development and Economic Growth in Underdeveloped Countries”, Economic Development and Cultural Change, 14, 174-189.
  • Rajan, R.G., L. Zingales (1998), “Financial Dependence and Growth”, The American Economic Review, 88(3), 559-586.
  • Perron, P. (1989), “The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis”, Econometrica, 57(2), 1361-1401.
  • Perron, P. (1997), “Further Evidence on Breaking Trend Functions in Macroeconomic Veriables”, Journal of Econometric, 80: 355-385.
  • Shabbir, G., S. Anwar, Z. Hussain, M. Imran (2012), “Contribution of Financial Sector Development in Reducing Unemployment in Pakistan”, International Journal of Economics and Finance, 4(1), 260-268.
  • Shaw, E.S. (1973), Financial Deepening in Economic Development, New York: Oxford University Press.
  • Stock, J., M.W. Watson (1993), “A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems”, Econometrica, 61(4), 783-820.
  • TCMB-EVDS (2013), Bankacılık Sektörü Kredi Hacmi ve GSYİH-Harcamalar Yöntemiyle.
  • Tuğcu, C.T., A. Aslan (2012), “Financial Development and Employment: A VAR Analysis for the Case of Turkey”, Clute Institute International Conference, June, Rome, Italy, pp. 561- 565.
  • TUİK (2013), Temel İstatistikler- İstihdam, İşsizlik ve Ücret, Ankara: TUİK. Westerlund, J., D. Edgerton (2006), “Simple Tests for Cointegration in Dependent Panels with Structural Breaks”, Lund University, Department of Economics, Working Papers, No: 13.
  • Zivot, E., D. Andrews (1992), “Further Evidence on the Great Crash, the Oil-Price Shock and the Unit-Root Hypothesis”, Journal of Business Economic Statistics, 10(3), 251-270.
There are 38 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

İsmet Göçer

Mehmet Mercan This is me

Mehmet Bölükbaş

Publication Date August 27, 2015
Submission Date July 7, 2015
Published in Issue Year 2015 Volume: 33 Issue: 2

Cite

APA Göçer, İ., Mercan, M., & Bölükbaş, M. (2015). BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 33(2), 65-84. https://doi.org/10.17065/huiibf.58825
AMA Göçer İ, Mercan M, Bölükbaş M. BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. August 2015;33(2):65-84. doi:10.17065/huiibf.58825
Chicago Göçer, İsmet, Mehmet Mercan, and Mehmet Bölükbaş. “BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 33, no. 2 (August 2015): 65-84. https://doi.org/10.17065/huiibf.58825.
EndNote Göçer İ, Mercan M, Bölükbaş M (August 1, 2015) BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 33 2 65–84.
IEEE İ. Göçer, M. Mercan, and M. Bölükbaş, “BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol. 33, no. 2, pp. 65–84, 2015, doi: 10.17065/huiibf.58825.
ISNAD Göçer, İsmet et al. “BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ”. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 33/2 (August 2015), 65-84. https://doi.org/10.17065/huiibf.58825.
JAMA Göçer İ, Mercan M, Bölükbaş M. BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2015;33:65–84.
MLA Göçer, İsmet et al. “BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 33, no. 2, 2015, pp. 65-84, doi:10.17065/huiibf.58825.
Vancouver Göçer İ, Mercan M, Bölükbaş M. BANKACILIK SEKTÖRÜ KREDİLERİNİN İSTİHDAM VE EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİLERİ: TÜRKİYE EKONOMİSİ İÇİN ÇOKLU YAPISAL KIRILMALI EŞ BÜTÜNLEŞME ANALİZİ. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2015;33(2):65-84.

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