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THE RELATIONSHIP TO TRADE OPENNESS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN COUNTRIES WITH DIFFERENT INCOME LEVELS

Yıl 2020, Milli Mücadele'nin 100. Yılı Özel Sayısı, 148 - 170, 18.12.2020

Şeyma Yılmaz Kuşçuoğlu , Zeki Yılmaz

https://doi.org/10.21733/ibad.803730
Cited By: 3

Öz

Today, with the effect of globalization, trade openness and financial development have become a precondition for economic development. Some of the basic conditions to ensure economic growth in countries with insufficient capital accumulation are to increase foreign trade and financial development in these countries. In this study, the relationship between trade openness, financial development and economic growth was examined for 86 countries, which were divided into three groups (high, middle and low income) according to the World Bank income group classification between 1990 and 2017. In the study, panel ARDL / PMG estimators were used to examine these relationships. According to the findings obtained from empirical analysis, trade openness affects real GDP positively in all income-level countries. Financial development positively affects real GDP in middle and high income countries, while it affects negatively in low income countries. The results also show that human capital and gross capital accumulation positively affect real GDP in all countries. While the labor variable positively affects the real GDP in middle and high income countries, a statistically significant relationship was not found between labor force and real GDP for low income countries.These findings from the study will shed light on new studies where financial development in low-income countries should be examined separately.

Anahtar Kelimeler

Trade Openness Financial Development Cobb-Douglas Production Function Panel ARDL

Kaynakça

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Farklı Gelir Düzeyindeki Ülkelerde Ticari Açıklık, Finansal Gelişme Ve Ekonomik Büyüme İlişkisi

Yıl 2020, Milli Mücadele'nin 100. Yılı Özel Sayısı, 148 - 170, 18.12.2020

Şeyma Yılmaz Kuşçuoğlu , Zeki Yılmaz

https://doi.org/10.21733/ibad.803730
Cited By: 3

Öz

Günümüzde küreselleşmenin etkisiyle ticari açıklık ve finansal gelişme ekonomik gelişmenin ön koşulu haline gelmiştir. Sermaye birikimi yetersiz olan ülkelerde ekonomik büyümeyi sağlamanın temel koşullardan bazıları da bu ülkelerde dış ticaret ve finansal gelişimin arttırılmasıdır. Bu çalışmada, 1990-2017 yılları arasında Dünya Bankası’nın gelir grubu sınıflandırmasına göre üç gruba (yüksek, orta ve düşük gelir) ayrılmış 86 ülke için ticari açıklık, finansal gelişme ve ekonomik büyüme ilişkisi incelenmiştir. Çalışmada söz konusu ilişkileri incelemek için panel ARDL/PMG tahmincileri kullanılmıştır. Ampirik analizden elde edilen bulgulara göre, ticari açıklık tüm gelir düzeyindeki ülkelerde reel GSYİH’yı pozitif yönde etkilemektedir. Finansal gelişme ise orta ve yüksek gelirli ülkelerde reel GSYİH’yı pozitif yönde etkilerken, düşük gelirli ülkelerde negatif yönde etkilemektedir. Sonuçlar aynı zamanda beşeri sermaye ve brüt sermaye birikiminin tüm ülkelerde reel GSYİH’yı pozitif yönde etkilediğini göstermektedir. İş gücü değişkeni ise orta ve yüksek gelirli ülkelerde reel GSYİH’yı pozitif etkilerken, düşük gelirli ülkeler için iş gücü ile reel GSYİH arasında istatistiksel olarak anlamlı bir ilişki bulunamamıştır. Çalışmadan elde edilen bu bulgular, düşük gelirli ülkelerde finansal gelişmenin ayrıca incelenmesi gerektiği yeni çalışmalara ışık tutacaktır.

Anahtar Kelimeler

Ticari açıklık Finansal gelişme Cobb-Douglas Üretim Fonksiyonu Panel ARDL

Kaynakça

  • Aizenman, J. (2004). Financial Opening and Development: Evidence and Policy Controversies. American Economic Review , 94 (2), 65-70.
  • Ak, M. Z., & İnal, V. (2019). Yükselen Piyasa Ekonomilerinde Ticari Açıklık, Finansal Gelişme ve Ekonomik Büyüme: Bir Panel Nedensellik Analizi. Ekoist: Journal of Econometrics and Statistics , 31, 1-16.
  • Altıner, A., & Bozkurt, E. (2018). N11 Ülkelerinde Finansal Gelişme ve Ekonomik Büyüme: Panel Veri Analizi. Uluslararası Ekonomi, İşletme ve Politika Dergisi , 2 (2), 197-212.
  • Araç, A., & Özcan, S. K. (2014). The Causality between Financial Development and Economic Growth: The Case of Turkey. Journal of Economic Cooperation and Development , 35 (3), 171-198.
  • Arestis, P., & Demetriades, P. (1997). Financial Development and Economic Growth: Assessing the Evidence. The Economic Journal , 107 (442), 783-799.
  • Aslan, Ö., & Küçükaksoy, İ. (2006). Finansal Gelişme ve Ekonomik Büyüme İlişkisi: Türkiye Ekonomisi Üzerine Ekonometrik Bir Uygulama. İstanbul Üniversitesi İktisat Fakültesi Ekonometri ve İstatistik Dergisi (4), 12-28.
  • Awokuse, T. O. (2008). Trade Openness and Economic Growth: Is growth Export-led or Import-led? Applied Economics , 40 (2), 161-171.
  • Bahmani-Oskooee, M., & Niroomand, F. (1999). Openness and Economic Growth: An Empirical Investigation. Applied Economics Letters , 6 (9), 557-561.
  • Barro, R. (2001). Human Capital and Growth. American Economic Review , 91 (2), 12-17.
  • Barro, R. J. (1991). Economic Growth in a Cross Section of Countries. The Quarterly Journal of Economics , 106 (2), 407-443.
  • Barro, R. J., & Lee, J.-W. (1993). International Comparisons of Educational Attainment. Journal of Monetary Economics , 32 (3), 363-394.
  • Barutçu, E., & Arslan, Ü. (2016). Dışa Açıklık ile Finansal Gelişme Arasındaki İlişki: G 20 Ülkeleri Örneği. İnsan ve Toplum Bilimleri Araştırmaları Dergisi , 5 (3), 403-427.
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  • Yalçınkaya, Ö. (2017). Ticari Dışa Açıklığın ve Finansal Gelişmişliğin Ekonomik Büyüme Üzerindeki Etkileri: G-20 Ülkeleri İçin Yeni Nesil Panel Veri Amalizi (1994-2015. International Journal of Academic Value Studies (Javstudies) , 3 (15), 458-477.
  • Yanikkaya, H. (2003). Trade, Openness and Economic Growth: A Cross-country Empirical Investigation. Journal of Development Economics , 72 (1), 57-89.
  • Yapraklı, S. (2007). Ticari ve Finansal Dışa Açıklık ile Ekonomik Büyüme Arasındaki İlişki: Türkiye Üzerine Bir Uygulama. İstanbul Üniversitesi İktisat Fakültesi Ekonometri ve İstatistik Dergisi (5), 67-89.
  • Yardımcı, P. (2006). İçsel Büyüme ve Türkiye’de İçsel Büyümeyi Etkileyen Faktörlerin Ampirik Analizi. Yayımlanmamış Doktora Tezi .
  • Yücel, F. (2009). Causal Relationships between Financial Development, Trade Openness and Economic Growth: The Case of Turkey. Journal of Social Sciences , 5 (1), 33-42.
Toplam 103 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Araştırma Makaleleri
Yazarlar

Şeyma Yılmaz Kuşçuoğlu 0000-0002-2738-2032

Zeki Yılmaz 0000-0001-7056-2242

Yayımlanma Tarihi 18 Aralık 2020
Kabul Tarihi 14 Ekim 2020
Yayımlandığı Sayı Yıl 2020 Milli Mücadele'nin 100. Yılı Özel Sayısı

Kaynak Göster

APA Yılmaz Kuşçuoğlu, Ş., & Yılmaz, Z. (2020). Farklı Gelir Düzeyindeki Ülkelerde Ticari Açıklık, Finansal Gelişme Ve Ekonomik Büyüme İlişkisi. IBAD Sosyal Bilimler Dergisi148-170. https://doi.org/10.21733/ibad.803730

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