FİNANSAL DIŞA AÇIKLIK VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: GELİŞMEKTE OLAN ÜLKELER İÇİN BİR PANEL VERİ ANALİZİ

Year 2022, Issue: 90, 441 - 458, 28.03.2022

Tuğba Özyıldız Eda Dineri

Abstract

Bu çalışmada, finansal dışa açıklık ile makroekonomik göstergeler arasındaki ilişki
panel veri analizi yöntemiyle incelenmektedir. Çalışmada, finansal dışa açıklığın ekonomik büyüme üzerinde açıklayıcı bir güce sahip olup olmadığını gösteren Dumitrescu-
Hurlin Testi ve Panel ARDL Modelinden yararlanılmıştır. Çalışmada 1995-2018 dönemi
için gelişmekte olan ülkelerde finansal açıklık ile ekonomik büyüme arasında nedensellik
ilişkisinin varlığı ortaya konulmuştur. Panel ARDL sonuçlarına göre uzun dönemde, finansal açıklık derecesinde yaşanan artışlar gelişmekte olan ülkeler için finansal açıklığın
ekonomik büyüme üzerinde pozitif etkisinin olduğu göstermektedir. Gelişmekte olan ülkelerde finansal açıklık seviyesi ticari açıklık ve geniş para arzına pozitif etkide bulurken,
sadece finansal açıklık derecesinde yaşanacak bir artış özel sektör kredilerini negatif
yönde etkilemektedir.

Keywords

Finansal açıklık, Ticari açıklık, Ekonomik büyüme, Para arzı, Panel ARDL.

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