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Abstract

In this study, the relationship between the volume of domestic credit by deposit banks and the Gross Domestic Product in Turkey was analyzed using quarterly data for the period 1998-2012. For this aim, Gregory-Hansen cointegration test, Granger causality test and Zivot-Andrews unit root test that enables the structural break, were performed. As a result of the analysis, it was concluded that each of them was first-order stationary series and there was no long-run relationship between them. After performing the Granger causality test, it was found that there was no causal relationship between two series.

Keywords

• Structural Break, Financial Development, Economic Growth, Causality.

KREDİ HACMİNİN EKONOMİK BÜYÜME ÜZERİNDEKİ ROLÜNÜN İNCELENMESİ: TÜRKİYE ÖRNEĞİ

Öz

Bu çalışmada, mevduat bankaları yurtiçi kredi hacmi ile gayri safi yurtiçi hasıla arasındaki ilişki

Türkiye için 1998-2012 döneminde üç aylık veriler kullanılarak analiz edilmiştir. Bu amaçla,

yapısal kırılmaya izin veren Zivot-Andrews birim kök testi, Gregory-Hansen eşbütünleşme testi ve

Granger nedensellik testi kullanılmıştır. Yapılan analizler neticesinde, her iki serinin birinci

mertebeden durağan olduğu ve aralarında uzun dönem ilişkisinin bulunmadığı sonucuna

ulaşılmıştır. Uygulanan Granger nedensellik testi sonrasında ise iki seri arasında bir nedensellik

ilişkisi bulunmamıştır.

Anahtar Kelimeler: Yapısal Kırılma, Finansal Gelişme, Ekonomik Büyüme, Nedensellik.

Anahtar Kelimeler

• Yapısal Kırılma, Finansal Gelişme, Ekonomik Büyüme, Nedensellik.

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