FİNANSAL GELİŞME VE EKONOMİK BÜYÜME ARASINDAKİ NEDENSELLİK İLİŞKİSİ: TÜRKİYE ÖRNEĞİ
Year 2017,
Volume: 4 Issue: 1, 1 - 15, 29.01.2017
Halil Tunali
,
Parla Onuk
Abstract
Bu çalışmanın amacı, Türkiye’de finansal gelişme ve ekonomik büyüme arasındaki
ilişkinin 2003-2015 dönemine ait üç aylık veriler kullanılarak araştırılmasıdır. Finansal gelişme
ölçütü olarak hisse senedi işlem hacminin GSYH’ya ve banka kredilerinin GSYH’ya oranı,
ekonomik büyümenin göstergesi olarak ise reel GSYH büyüme oranı ele alınmaktadır.
Çalışmamızda Granger nedensellik testi sonuçlarına göre iktisadi büyümeden finansal
gelişmeye doğru tek yönlü bir nedensellik ilişkisi tespit edilmektedir. Bu bulgu literatürdeki
“talep takibi” görüşünü destekler niteliktedir.
References
- Al-Yousif, Y. K. (2002). Financial Development and Economic Growth: Another Look at the Evidence from Developing Countries, Review of Financial Economics, 11, 131-150.
- Arestis, P. ve Demetriades, P. (1997). Financial Development and Economic Growth: Assesing the Evidence. Economic Journal, 107(442), 783-799.
- Bagehot, W. (1873). Lombart Street: A Description of the Money Market, E. P. Dutton and Company, Reprint 1920, New York.
- Bloch, H. ve Tang, S. H. K. (2003). The Role of Financial Development in Economic Growth. Progress in Development Studies, 3(3), 243–251.
- Demetriades, P. O. ve Hussein K. A. (1996). Does Financial Development Cause Economic Growth? Time-Series Evidence from 16 Countries. Journal of Development Economics, 51, 387-411.
- Demirgüç-Kunt, A. ve Maksimovic, V. (1998). Law, Finance and Firm Growth. The Journal of Finance, 53(6), 2107-2137.
- Granger, C. (1969). Investigating Causal Relations by Econometric Models and Cross- Spectral Methods. Econometrica, 37(3), 424-438.
Year 2017,
Volume: 4 Issue: 1, 1 - 15, 29.01.2017
Halil Tunali
,
Parla Onuk
References
- Al-Yousif, Y. K. (2002). Financial Development and Economic Growth: Another Look at the Evidence from Developing Countries, Review of Financial Economics, 11, 131-150.
- Arestis, P. ve Demetriades, P. (1997). Financial Development and Economic Growth: Assesing the Evidence. Economic Journal, 107(442), 783-799.
- Bagehot, W. (1873). Lombart Street: A Description of the Money Market, E. P. Dutton and Company, Reprint 1920, New York.
- Bloch, H. ve Tang, S. H. K. (2003). The Role of Financial Development in Economic Growth. Progress in Development Studies, 3(3), 243–251.
- Demetriades, P. O. ve Hussein K. A. (1996). Does Financial Development Cause Economic Growth? Time-Series Evidence from 16 Countries. Journal of Development Economics, 51, 387-411.
- Demirgüç-Kunt, A. ve Maksimovic, V. (1998). Law, Finance and Firm Growth. The Journal of Finance, 53(6), 2107-2137.
- Granger, C. (1969). Investigating Causal Relations by Econometric Models and Cross- Spectral Methods. Econometrica, 37(3), 424-438.