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Türkiye’de Finansal Gelişme ve İktisadi Büyüme Arasındaki Nedenselliğin Ampirik Bir Analizi

Year 2008, Volume: 3 Issue: 2, 113 - 127, 01.10.2008

Ömer Faruk Altunç

Abstract

Finansal gelişme ile iktisadi büyüme arasındaki ilişki, çoğu gelişmiş ülkede finansal deregülasyonun iktisadi büyüme hızını arttırmış olmasından dolayı önem taşımaktadır. Aynı zamanda, gelişmekte olan ülkeler açısından büyüme hızının artması için finansal sektörün gelişiminin gerekli olup olmadığını göstermesi açısından da yönlendirici olmaktadır.

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: Assessing the Evidence. Economic Journal, 107:783–99.
  • Arestis, P. v.d. (2001). Financial Development and Economic Growth: The Role of Stock Markets. Journal of Money, Credit and Banking, 33(1): 16–41.
  • Arestis, P. (2002). The Impact of Financial Liberalization Policies on Financial Development: Evidence from Developing Economies. International Journal of Finance and Economics, 7(2): 109–21.
  • Artan, S. (2007). Finansal Kalkınmanın Büyümeye Etkileri: Literatür ve Uygulama. İktisat-İşletme ve Finans, 70.
  • Aslan, Ö. ve 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.
  • Bahmani-Oskooee, M. ve Domac, I. (1995). Export Growth and Economic Growth in Turkey: Evidence from Cointegration Analysis. METU Studies in Development, 22: 67-77.
  • Chang, T. ve Caudill, S.B. (2005). Financial Development and Economic Growth: The Case of Taiwan. Applied Economics, 37: 1329-1335.
  • Campell, J.Y. ve Perron, P. (1991). Pitfalls and Oppotunities: What Macroeconomists Know about Unit Roots. NBER, Technical Working Paper, No. 100: Cambridge.
  • Demetriades, P. ve Hussein, K. (1996) Financial Development and Economic Growth: Cointegration and Causality Tests for 16 Countries. Journal of Development Economics, 5: 387–411.
  • Demetriades, P. ve Luintel, K. (1996). Financial Development, Economic Growth and Banking Sector Controls: Evidence from India. Economic Journal, 106: 359–74.
  • Dritsakis, N. ve Adamopoulos, A. (2004). Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis. International Economic Journal, 18(4):547-559.
  • Enders, W. (1995). Applied Econometric Time Series. New York: Wiley.
  • Engle, R. ve Granger, C. W. J. (1987). Cointegration and Error Correction: Representation, Estimation and Testing. Econometrica, 55: 251–76.
  • Fry, M.J. (1995). Interest and Banking in Economic Development. Baltimore: John Hopkins University Pres.
  • Goldsmith, R.W. (1969). Financial Structure and Development, New Haven, Conn: Yale University Pres.
  • Granger, C.W.J. (1986). Developments in the Study of Co-integrated Economic Variables. Oxford Bulletin of Economics and Statistics, 48: 213–28.
  • Granger, C.W.J. (1988). Some Recent Developments in a Concept of Causality. Journal of Econometrics, 39: 199–211.
  • Gregory, A. ve Hansen, B. (1996). Tests for Cointegration in Models with Regime and Trend Shifts. Oxford Bulletin of Economics and Statistics, 58:555-561.
  • Gupta, K. L. (1984). Finance and Economic Growth in Developing Countries. London: Croom Helm.
  • Kang, S.J. ve Sawada, Y. (2000). Financial Repression and External Openness in an Endogenous Growth Model. Journal of International Trade and Economic Development, 9(4): 427–43.
  • Kar, M. ve Pentecost E. (2000). The Direction of Causality Between Financial Development and Economic Growth in Turkey: Further Evidence. Loughborough University, Department of Economics, Economic Research Paper No: 00/27.
  • Khan M.S. ve Senhadji A.S. (2000). Financial Development and Economic Growth: An Overview. IMF Working Paper, 209: 3-23.
  • King, R.G. ve Levine, R. (1993). Finance and Growth: Schumpeter might be ‘Right’. Economic Journal, 107: 771–82.
  • Levine, R. (1997). Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature, 35, 688–726.
  • Levine, R. (1998). The Legal Environment, Banks, and Long-run Economic Growth. Journal of Money, Credit and Banking, 30: 596–613.
  • Levine, R. ve Zervos, S. (1998). Stock Markets, Banks, and Economic Growth, American Economic Review, 88: 537–58.
  • Luintel, K.B. ve Khan, M. (1999). A Quantitative Reassessment of the Finance-Growth Nexus: Evidence from a Multivariate VAR. Journal of Development Economics, 60: 381–405.
  • McKinnon, R. I. (1973). Money and Capital in Economic Development. Washington DC:108-109. Murinde V. ve Eng F. (1994). Financial Development and Economic Growth in Singapore: Demand-following of Supply-leading?. Applied Financial Economics, 4:391-404.
  • Müslümov, A. ve Aras, G. (2002). Sermaye Piyasası Gelişmesi ve Ekonomik Büyüme Arasında Nedensellik İlişkisi: OECD Ülkeleri Örneği. İşletme İktisat Finans Dergisi, 198(17):90-105.
  • Onur, S. (2005). Finansal Liberalizasyon ve GSMH Büyümesi Arasındaki İlişki. ZKÜ Sosyal Bilimler Dergisi, 1(1):127-152.
  • Patrick, H. (1966). Financial Development and Economic Growth in Underdeveloped Countries. Economic Development and Cultural Change, 14: 174–89.
  • Perron, P. (1990). Testing for a Unit Root in a Time Series with a Changing Mean. Journal of Business and Economic Statistics, 8(2): 153–62.
  • Perron, P. (1989). The Great Crash, the Oil Price Shock and the Unit Root Hypothesis, Econometrica. 57(6): 1361-1401.
  • Robinson, J. (1952). The Generalization of the General Theory. In the Rate of Interest and Other Essays. London: MacMillan.
  • Said E.S. ve Dickey D.A. (1989). Testing for Unit Roots in ARMA(p,q) Models with Unknown p and q.Biometrika. 71: 599-607.
  • Shan, J.Q.J. (2006). Does financial development lead economic growth? The case of China. Annals of Economics and Finance, 1:231-250.
  • Shan, J. Z. ve Morris, A. (2002). Does Financial Development ‘Lead’ Economic Growth?. International Review of Applied Economics, 16(2): 153–68.
  • Shaw, E. (1973). Financial Deepening in Economic Development. Newyork: Oxford University Press.
  • Stiglitz, J. (1994). Economic Growth Revisited. Industrial and Corporate Change, 3(1):65-110.
  • Thangavelu, Shandre M. ve Jiunn, A.B. J. (2004). Financial Development and Economic Growth in Australia: An Empirical Analysis, Empirical Economics, 29(2):247–260.
  • 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.

Türkiye’de Finansal Gelişme ve İktisadi Büyüme Arasındaki Nedenselliğin Ampirik Bir Analizi

Year 2008, Volume: 3 Issue: 2, 113 - 127, 01.10.2008

Ömer Faruk Altunç

Abstract

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: Assessing the Evidence. Economic Journal, 107:783–99.
  • Arestis, P. v.d. (2001). Financial Development and Economic Growth: The Role of Stock Markets. Journal of Money, Credit and Banking, 33(1): 16–41.
  • Arestis, P. (2002). The Impact of Financial Liberalization Policies on Financial Development: Evidence from Developing Economies. International Journal of Finance and Economics, 7(2): 109–21.
  • Artan, S. (2007). Finansal Kalkınmanın Büyümeye Etkileri: Literatür ve Uygulama. İktisat-İşletme ve Finans, 70.
  • Aslan, Ö. ve 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.
  • Bahmani-Oskooee, M. ve Domac, I. (1995). Export Growth and Economic Growth in Turkey: Evidence from Cointegration Analysis. METU Studies in Development, 22: 67-77.
  • Chang, T. ve Caudill, S.B. (2005). Financial Development and Economic Growth: The Case of Taiwan. Applied Economics, 37: 1329-1335.
  • Campell, J.Y. ve Perron, P. (1991). Pitfalls and Oppotunities: What Macroeconomists Know about Unit Roots. NBER, Technical Working Paper, No. 100: Cambridge.
  • Demetriades, P. ve Hussein, K. (1996) Financial Development and Economic Growth: Cointegration and Causality Tests for 16 Countries. Journal of Development Economics, 5: 387–411.
  • Demetriades, P. ve Luintel, K. (1996). Financial Development, Economic Growth and Banking Sector Controls: Evidence from India. Economic Journal, 106: 359–74.
  • Dritsakis, N. ve Adamopoulos, A. (2004). Financial Development and Economic Growth in Greece: An Empirical Investigation with Granger Causality Analysis. International Economic Journal, 18(4):547-559.
  • Enders, W. (1995). Applied Econometric Time Series. New York: Wiley.
  • Engle, R. ve Granger, C. W. J. (1987). Cointegration and Error Correction: Representation, Estimation and Testing. Econometrica, 55: 251–76.
  • Fry, M.J. (1995). Interest and Banking in Economic Development. Baltimore: John Hopkins University Pres.
  • Goldsmith, R.W. (1969). Financial Structure and Development, New Haven, Conn: Yale University Pres.
  • Granger, C.W.J. (1986). Developments in the Study of Co-integrated Economic Variables. Oxford Bulletin of Economics and Statistics, 48: 213–28.
  • Granger, C.W.J. (1988). Some Recent Developments in a Concept of Causality. Journal of Econometrics, 39: 199–211.
  • Gregory, A. ve Hansen, B. (1996). Tests for Cointegration in Models with Regime and Trend Shifts. Oxford Bulletin of Economics and Statistics, 58:555-561.
  • Gupta, K. L. (1984). Finance and Economic Growth in Developing Countries. London: Croom Helm.
  • Kang, S.J. ve Sawada, Y. (2000). Financial Repression and External Openness in an Endogenous Growth Model. Journal of International Trade and Economic Development, 9(4): 427–43.
  • Kar, M. ve Pentecost E. (2000). The Direction of Causality Between Financial Development and Economic Growth in Turkey: Further Evidence. Loughborough University, Department of Economics, Economic Research Paper No: 00/27.
  • Khan M.S. ve Senhadji A.S. (2000). Financial Development and Economic Growth: An Overview. IMF Working Paper, 209: 3-23.
  • King, R.G. ve Levine, R. (1993). Finance and Growth: Schumpeter might be ‘Right’. Economic Journal, 107: 771–82.
  • Levine, R. (1997). Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature, 35, 688–726.
  • Levine, R. (1998). The Legal Environment, Banks, and Long-run Economic Growth. Journal of Money, Credit and Banking, 30: 596–613.
  • Levine, R. ve Zervos, S. (1998). Stock Markets, Banks, and Economic Growth, American Economic Review, 88: 537–58.
  • Luintel, K.B. ve Khan, M. (1999). A Quantitative Reassessment of the Finance-Growth Nexus: Evidence from a Multivariate VAR. Journal of Development Economics, 60: 381–405.
  • McKinnon, R. I. (1973). Money and Capital in Economic Development. Washington DC:108-109. Murinde V. ve Eng F. (1994). Financial Development and Economic Growth in Singapore: Demand-following of Supply-leading?. Applied Financial Economics, 4:391-404.
  • Müslümov, A. ve Aras, G. (2002). Sermaye Piyasası Gelişmesi ve Ekonomik Büyüme Arasında Nedensellik İlişkisi: OECD Ülkeleri Örneği. İşletme İktisat Finans Dergisi, 198(17):90-105.
  • Onur, S. (2005). Finansal Liberalizasyon ve GSMH Büyümesi Arasındaki İlişki. ZKÜ Sosyal Bilimler Dergisi, 1(1):127-152.
  • Patrick, H. (1966). Financial Development and Economic Growth in Underdeveloped Countries. Economic Development and Cultural Change, 14: 174–89.
  • Perron, P. (1990). Testing for a Unit Root in a Time Series with a Changing Mean. Journal of Business and Economic Statistics, 8(2): 153–62.
  • Perron, P. (1989). The Great Crash, the Oil Price Shock and the Unit Root Hypothesis, Econometrica. 57(6): 1361-1401.
  • Robinson, J. (1952). The Generalization of the General Theory. In the Rate of Interest and Other Essays. London: MacMillan.
  • Said E.S. ve Dickey D.A. (1989). Testing for Unit Roots in ARMA(p,q) Models with Unknown p and q.Biometrika. 71: 599-607.
  • Shan, J.Q.J. (2006). Does financial development lead economic growth? The case of China. Annals of Economics and Finance, 1:231-250.
  • Shan, J. Z. ve Morris, A. (2002). Does Financial Development ‘Lead’ Economic Growth?. International Review of Applied Economics, 16(2): 153–68.
  • Shaw, E. (1973). Financial Deepening in Economic Development. Newyork: Oxford University Press.
  • Stiglitz, J. (1994). Economic Growth Revisited. Industrial and Corporate Change, 3(1):65-110.
  • Thangavelu, Shandre M. ve Jiunn, A.B. J. (2004). Financial Development and Economic Growth in Australia: An Empirical Analysis, Empirical Economics, 29(2):247–260.
  • 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.
There are 42 citations in total.

Details

Primary Language Turkish
Journal Section Research Article
Authors

Ömer Faruk Altunç This is me

Publication Date October 1, 2008
Published in Issue Year 2008 Volume: 3 Issue: 2

Cite

APA Altunç, Ö. F. (2008). Türkiye’de Finansal Gelişme ve İktisadi Büyüme Arasındaki Nedenselliğin Ampirik Bir Analizi. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 3(2), 113-127.