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Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı

Year 2016, Volume: 24 Issue: 30, 169 - 186, 08.11.2016
https://doi.org/10.17233/se.2016.10.011

Abstract

Bu çalışmada (Mankiw-Romer- Weil, 1992)’in makalesi izlenerek 1990-2010 yılı arasındaki altı farklı ülke grubunda (Hepsi, Nüfusu bir milyondan fazla, Batı, Afrika, İslam, Latin) Solow-Swan Modeli, Genişletilmiş Solow-Swan Modeli, Mutlak ve Koşullu Yakınsama tezleri, panel veri sabit etkiler yaklaşımıyla analiz edilmektedir. Solow-Swan Modelindeki bağımsız değişkenlerin katsayıları tüm gruplar için yüksek bulunurken, genişletilmiş modelde de teorik modelin işaret ettiği oran sorunu devam etmektedir. Ayrıca, genişletilmiş modelin işçi başı geliri açıklama gücü ilk modele göre yükselmiş ve neredeyse tamamına yakın bir açıklama gücü olduğu görülmüştür. Son olarak aynı yapısal unsurlara sahip olmak şartıyla ülkeler arasındaki gelir eşitsizliklerinin zaman içerisinde giderilebileceği sonucuna varılmıştır.

References

  • Abdioğlu, Z. &T. Uysal (2013), “Türkiye’de Bölgeler Arası Yakınsama: Panel Birim Kök Analizi”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 27(3), 125-143.
  • Acemoglu, D. (2009), Introduction to Modern Economic Growth, New Jersey, USA: Princeton University Press.
  • Akıncı, M. & Ö. Yılmaz (2012), “Türkiye ile AB Arasındaki Kişi Başına Gelir Yakınsaması: Farklardaki Fark Analizi”, Finans Politik & Ekonomik Yorumlar, 49(567), 15-26.
  • Apergis, N. & E. Panopoulou & C. Tsoumas (2010), “Old Wine in a New Bottle: Growth Convergence Dynamics in the EU”, Atlantic Economic Journal, 38, 169-181.
  • Barro, R. (1989), “Economic Growth in a Cross-Section of Countries”, NBER Working Papers 3120, National Bureau of Economic Research, Cambridge, Mass.
  • Barro, R.J. & X. Sala-i Martin (1991), “Convergence across States and Regions”, Brookings Papers on Economic Activity, 1991(1), 107-182.
  • Barro, R.J. & X. Sala-i Martin (1992), “Convergence”, The Journal of Political Economy, 100(2), 223-251.
  • Bernanke, B.S. & R.S. Gürkaynak (2001), “Is Growth Exogenous? Taking Mankiw, Romer and Weil Seriously”, NBER Working Papers 8365, National Bureau of Economic Research, Cambridge, Mass.
  • Bianchi C. & F. Calidoni & M. Menegatti (2009), “Pitfalls in Estimating beta-Convergence by means of Panel Data: An Empirical Test”, Int Rev Econ, 56, 347-357.
  • Braudel, F. (2014), Uygarlıkların Grameri, Çev. Mehmet Ali Kılıçbay, Ankara: İmge Kitabevi.
  • Camarero, M. & R.G. Flores & C. Tamarit (2008), “A ‘SURE’ Approach to Testing for Convergence in Regional Integrated areas: An Application to Output Convergence in Mercosur”, Journal of Economic Integration, 23(1), 1-23.
  • Canova, F. & A. Marcet (2000), “The Poor Stay Poor: Non-Convergence across Countries and Regions”, <http://www.econ.upf.edu/docs/papers/downloads/137.pdf>, 12.12.2015.
  • Cass, D. (1965), “Optimum Growth in an Aggragative Model of Capital Accumulation”, Review of Economic Studies, 32, 233-240.
  • Çamurdan, B. & R. Ceylan (2013), “Gelişmekte olan Piyasa Ekonomilerinin Yakınsama Deneyimi”, Journal of Yasar University, 30(8), 5105-5122.
  • Dawson, J.W. & A. Sen (2007), “New evidence on the convergence of international income from a group of 29 Countries”, Empirical Economics, 33(2): 199-230.
  • Desli, E. (2009), “Convergence and Efficiency: Evidence from the EU-15”, Journal of Post Keynesian Economics, 31(3), 403-430.
  • Domar, E.D. (1946), “Capital Expansion, Rate of Growth, and Employment”, Econometrica, 14, 137-147.
  • Durlauf, S. & P. Johnson & J. Temple (2005), “Growth Econometrics”, (Ed.) P. Agion & S. Durlauf, Handbook of Economic Growth, Elsevier, 570-754.
  • Ertur, C. & K. Thiaw (2005), “Growth and Spatial Dependence”, <http://www-sre.wu- wien.ac.at/ersa/ersaconfs/ersa05/papers/660.pdf>, 17.10.2015.
  • Galvao, A.F. & F.A. Reis Gomes (2007), “Convergence or Divergence in Latin America? A Time Series Analysis”, Applied Economics, 39, 1353-1360.
  • Giudici, E. & A.V. Mollick (2008), “Convergence in the Eastern Caribbean States”, Ann Reg Sci 42, 893-909.
  • Gögül, P.K. & L. Korap (2014), “Ekonomik Yakınsama Olgusunun Sınanması Üzerine Yeni Bulgular: OECD Örneği”, Kastamonu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 4(2), 60-73.
  • Islam, N. (1995), “Growth Empirics: A Panel Data Approach”, The Quarterly Journal of Economics, 110 (4), 1127-1170.
  • Islam, N. (2003), “What have We Learnt from the Convergence Debate?”, Journal of Economic Surveys, 17(3), 309-362.
  • Harrod, R.F. (1939), “An Essay in Dynamic Theory”, Economic Journal, 49, 14-33.
  • Heston, A. & R. Summers & B. Aten (2012), Penn World Table Version 7.1 Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania, November.
  • Huntington, S.P. (2015), Medeniyetler Çatışması ve Dünya Düzeninin Yeniden Kurulması. Çev. Mehmet Turhan ve Y.Z. Cem Soydemir. İstanbul: Okuyan Us.
  • Jones, L. & R. Manuelli (1990), “A Convex Model of Equilibrium Growth: Theory and Policy Implications, Journal of Political Economy, 98(5), 1008-1038.
  • Koopmans, T.C. (1965), On the Concept of Optimal Economic Growth, In the Econometric Approach to Development Planning, Amsterdam, Elsevier, 225-300.
  • Lei, C.K. & S. Yao (2008), “On Income Convergence among China, Hong Kong and Macau”, The World Economy, 31(3), 345-366.
  • Liewa, V.K.S. & Y. Ahmad (2009), “Income Convergence: Fresh Evidence from the Nordic Countries”, Applied Economics Letters, 16, 1245-1248.
  • Lucas, R.E. (1988), “On the Mechanics of Economic Development”, Journal of Monetary Economics, 22, 3-42.
  • Mankiw, N.G & D. Romer & D.N. Weil (1992), “A Contribution to the Empirics of Economic Growth”, The Quarterly Journal of Economics, 107 (2), 407-437.
  • Marcella, D. & R. Siano (2011), “Time series approaches to Italian regional convergence”, Applied Economics, 43(29), 4549-4559.
  • Masron, T.A. & Z. Yusop (2008), “Afta, Income Growth, and Income Convergence”, The International Trade Journal, 22(3), 290-314.
  • Mathur, S.K. (2005), “Absolute and Conditional Convergence: Its Speed for Selected Countries for 1961-2001”, <http://econpapers.repec.org/paper/wpawuwpge/0503002.htm>, 13.12.2015.
  • McQuinn, K. & K. Whelan (2006), “Conditional Convergence Revisited: Taking Solow Very Seriously”, <http://www.karlwhelan.com/Papers/mcquinn_whelan_solow.pdf>, 17.10.2015.
  • Moisescu, E.R. (2015), “Regional Convergence, Case of Romania”, Theoretical and Applied Economics, 22(2), 183-188.
  • O’Neill, D. & P. Van Kerm (2008), “An Integrated Framework for Analysing Income Convergence”, The Manchester School, 76(1), 1-20.
  • Palana, N. & C. Schmiedeberg (2010), “Structural Convergence of European Countries”, Structural Change and Economic Dynamics, 21, 85-100.
  • Pastor, J.M. & L. Serrano (2008), “Permanent Income, Convergence and Inequality among Countries”, Review of Income and Wealth, 54(1), 105-115.
  • Ramsey, F. (1928), “A Mathematical Theory of Saving”, Economic Journal, 38, 543-559.
  • Rapackia, R. & M. Prochniaka (2010), “Real beta and sigma Convergence in 27 Transition Countries, 1990-2005”, Post-Communist Economies, 21(3), 307-326.
  • Romer, P.M. (1986), “Increasing Returns and Long Run Growth”, Journal of Political Economy, 94, 1002-1037.
  • Romer, P.M. (1990), “Endogenous Technological Change”, Journal of Political Economy, 98, 71- 102.
  • Romero-Avilla, D. (2009), “The Convergence Hypothesis for OECD Countries Reconsidered: Panel Data Evidence with Multiple Breaks, 1870-2003”, The Manchester School, 77(4), 552- 574.
  • Sala-i Martin, X. (1996), “The Classical Approach to Convergence Analysis”, The Economic Journal, 106(437), 1019-1036.
  • Sarıbaş, H. & H. Vergil (2013), “İslam Konferansı Teşkilatı’na Üye Ülkelerin Gelir Yakınsaması”, İş Ahlakı Dergisi, 6(1), 111-135.
  • Solanko, L. (2008), “Unequal Fortunes: A Note on Income Convergence across Russian Regions”, Post-Communist Economies, 20(3), 287-301.
  • Sorensen, P.B. & H.J. Whitta-Jacobsen (2010), Introducing Advanced Macroeconomics: Growth and Business Cycles, Glasgow, UK: McGraw-Hill.
  • Sousa, C.T. & E.T. Pereira (2012), “A Contribution to the Empirics of Convergence: the Case of the European State Members”, MPRA Paper No. 62017, University Library of Munich, Germany.
  • Wu Ho, T. (2006), “Income Threshold and Growth Convergence: A Panel Data Approach”, The Manchester School, 74(2), 170-189.
  • Yeşilyurt, F. (2014), “Yakınsama Hipotezinin OECD Ülkelerinde İkili Yaklaşımla Test Edilmesi”, Sosyal ve Ekonomik Araştırmalar Dergisi, 14(27), 349-358.
  • Zeren, F. & V. Yilancı (2011), “Türkiye’de Bölgeler Arası Gelir Yakınsaması: Rassal Katsayılı Panel Veri Analizi Uygulaması”, Business and Economics Research Journal, 2(1), 143- 151.
Year 2016, Volume: 24 Issue: 30, 169 - 186, 08.11.2016
https://doi.org/10.17233/se.2016.10.011

Abstract

References

  • Abdioğlu, Z. &T. Uysal (2013), “Türkiye’de Bölgeler Arası Yakınsama: Panel Birim Kök Analizi”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 27(3), 125-143.
  • Acemoglu, D. (2009), Introduction to Modern Economic Growth, New Jersey, USA: Princeton University Press.
  • Akıncı, M. & Ö. Yılmaz (2012), “Türkiye ile AB Arasındaki Kişi Başına Gelir Yakınsaması: Farklardaki Fark Analizi”, Finans Politik & Ekonomik Yorumlar, 49(567), 15-26.
  • Apergis, N. & E. Panopoulou & C. Tsoumas (2010), “Old Wine in a New Bottle: Growth Convergence Dynamics in the EU”, Atlantic Economic Journal, 38, 169-181.
  • Barro, R. (1989), “Economic Growth in a Cross-Section of Countries”, NBER Working Papers 3120, National Bureau of Economic Research, Cambridge, Mass.
  • Barro, R.J. & X. Sala-i Martin (1991), “Convergence across States and Regions”, Brookings Papers on Economic Activity, 1991(1), 107-182.
  • Barro, R.J. & X. Sala-i Martin (1992), “Convergence”, The Journal of Political Economy, 100(2), 223-251.
  • Bernanke, B.S. & R.S. Gürkaynak (2001), “Is Growth Exogenous? Taking Mankiw, Romer and Weil Seriously”, NBER Working Papers 8365, National Bureau of Economic Research, Cambridge, Mass.
  • Bianchi C. & F. Calidoni & M. Menegatti (2009), “Pitfalls in Estimating beta-Convergence by means of Panel Data: An Empirical Test”, Int Rev Econ, 56, 347-357.
  • Braudel, F. (2014), Uygarlıkların Grameri, Çev. Mehmet Ali Kılıçbay, Ankara: İmge Kitabevi.
  • Camarero, M. & R.G. Flores & C. Tamarit (2008), “A ‘SURE’ Approach to Testing for Convergence in Regional Integrated areas: An Application to Output Convergence in Mercosur”, Journal of Economic Integration, 23(1), 1-23.
  • Canova, F. & A. Marcet (2000), “The Poor Stay Poor: Non-Convergence across Countries and Regions”, <http://www.econ.upf.edu/docs/papers/downloads/137.pdf>, 12.12.2015.
  • Cass, D. (1965), “Optimum Growth in an Aggragative Model of Capital Accumulation”, Review of Economic Studies, 32, 233-240.
  • Çamurdan, B. & R. Ceylan (2013), “Gelişmekte olan Piyasa Ekonomilerinin Yakınsama Deneyimi”, Journal of Yasar University, 30(8), 5105-5122.
  • Dawson, J.W. & A. Sen (2007), “New evidence on the convergence of international income from a group of 29 Countries”, Empirical Economics, 33(2): 199-230.
  • Desli, E. (2009), “Convergence and Efficiency: Evidence from the EU-15”, Journal of Post Keynesian Economics, 31(3), 403-430.
  • Domar, E.D. (1946), “Capital Expansion, Rate of Growth, and Employment”, Econometrica, 14, 137-147.
  • Durlauf, S. & P. Johnson & J. Temple (2005), “Growth Econometrics”, (Ed.) P. Agion & S. Durlauf, Handbook of Economic Growth, Elsevier, 570-754.
  • Ertur, C. & K. Thiaw (2005), “Growth and Spatial Dependence”, <http://www-sre.wu- wien.ac.at/ersa/ersaconfs/ersa05/papers/660.pdf>, 17.10.2015.
  • Galvao, A.F. & F.A. Reis Gomes (2007), “Convergence or Divergence in Latin America? A Time Series Analysis”, Applied Economics, 39, 1353-1360.
  • Giudici, E. & A.V. Mollick (2008), “Convergence in the Eastern Caribbean States”, Ann Reg Sci 42, 893-909.
  • Gögül, P.K. & L. Korap (2014), “Ekonomik Yakınsama Olgusunun Sınanması Üzerine Yeni Bulgular: OECD Örneği”, Kastamonu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 4(2), 60-73.
  • Islam, N. (1995), “Growth Empirics: A Panel Data Approach”, The Quarterly Journal of Economics, 110 (4), 1127-1170.
  • Islam, N. (2003), “What have We Learnt from the Convergence Debate?”, Journal of Economic Surveys, 17(3), 309-362.
  • Harrod, R.F. (1939), “An Essay in Dynamic Theory”, Economic Journal, 49, 14-33.
  • Heston, A. & R. Summers & B. Aten (2012), Penn World Table Version 7.1 Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania, November.
  • Huntington, S.P. (2015), Medeniyetler Çatışması ve Dünya Düzeninin Yeniden Kurulması. Çev. Mehmet Turhan ve Y.Z. Cem Soydemir. İstanbul: Okuyan Us.
  • Jones, L. & R. Manuelli (1990), “A Convex Model of Equilibrium Growth: Theory and Policy Implications, Journal of Political Economy, 98(5), 1008-1038.
  • Koopmans, T.C. (1965), On the Concept of Optimal Economic Growth, In the Econometric Approach to Development Planning, Amsterdam, Elsevier, 225-300.
  • Lei, C.K. & S. Yao (2008), “On Income Convergence among China, Hong Kong and Macau”, The World Economy, 31(3), 345-366.
  • Liewa, V.K.S. & Y. Ahmad (2009), “Income Convergence: Fresh Evidence from the Nordic Countries”, Applied Economics Letters, 16, 1245-1248.
  • Lucas, R.E. (1988), “On the Mechanics of Economic Development”, Journal of Monetary Economics, 22, 3-42.
  • Mankiw, N.G & D. Romer & D.N. Weil (1992), “A Contribution to the Empirics of Economic Growth”, The Quarterly Journal of Economics, 107 (2), 407-437.
  • Marcella, D. & R. Siano (2011), “Time series approaches to Italian regional convergence”, Applied Economics, 43(29), 4549-4559.
  • Masron, T.A. & Z. Yusop (2008), “Afta, Income Growth, and Income Convergence”, The International Trade Journal, 22(3), 290-314.
  • Mathur, S.K. (2005), “Absolute and Conditional Convergence: Its Speed for Selected Countries for 1961-2001”, <http://econpapers.repec.org/paper/wpawuwpge/0503002.htm>, 13.12.2015.
  • McQuinn, K. & K. Whelan (2006), “Conditional Convergence Revisited: Taking Solow Very Seriously”, <http://www.karlwhelan.com/Papers/mcquinn_whelan_solow.pdf>, 17.10.2015.
  • Moisescu, E.R. (2015), “Regional Convergence, Case of Romania”, Theoretical and Applied Economics, 22(2), 183-188.
  • O’Neill, D. & P. Van Kerm (2008), “An Integrated Framework for Analysing Income Convergence”, The Manchester School, 76(1), 1-20.
  • Palana, N. & C. Schmiedeberg (2010), “Structural Convergence of European Countries”, Structural Change and Economic Dynamics, 21, 85-100.
  • Pastor, J.M. & L. Serrano (2008), “Permanent Income, Convergence and Inequality among Countries”, Review of Income and Wealth, 54(1), 105-115.
  • Ramsey, F. (1928), “A Mathematical Theory of Saving”, Economic Journal, 38, 543-559.
  • Rapackia, R. & M. Prochniaka (2010), “Real beta and sigma Convergence in 27 Transition Countries, 1990-2005”, Post-Communist Economies, 21(3), 307-326.
  • Romer, P.M. (1986), “Increasing Returns and Long Run Growth”, Journal of Political Economy, 94, 1002-1037.
  • Romer, P.M. (1990), “Endogenous Technological Change”, Journal of Political Economy, 98, 71- 102.
  • Romero-Avilla, D. (2009), “The Convergence Hypothesis for OECD Countries Reconsidered: Panel Data Evidence with Multiple Breaks, 1870-2003”, The Manchester School, 77(4), 552- 574.
  • Sala-i Martin, X. (1996), “The Classical Approach to Convergence Analysis”, The Economic Journal, 106(437), 1019-1036.
  • Sarıbaş, H. & H. Vergil (2013), “İslam Konferansı Teşkilatı’na Üye Ülkelerin Gelir Yakınsaması”, İş Ahlakı Dergisi, 6(1), 111-135.
  • Solanko, L. (2008), “Unequal Fortunes: A Note on Income Convergence across Russian Regions”, Post-Communist Economies, 20(3), 287-301.
  • Sorensen, P.B. & H.J. Whitta-Jacobsen (2010), Introducing Advanced Macroeconomics: Growth and Business Cycles, Glasgow, UK: McGraw-Hill.
  • Sousa, C.T. & E.T. Pereira (2012), “A Contribution to the Empirics of Convergence: the Case of the European State Members”, MPRA Paper No. 62017, University Library of Munich, Germany.
  • Wu Ho, T. (2006), “Income Threshold and Growth Convergence: A Panel Data Approach”, The Manchester School, 74(2), 170-189.
  • Yeşilyurt, F. (2014), “Yakınsama Hipotezinin OECD Ülkelerinde İkili Yaklaşımla Test Edilmesi”, Sosyal ve Ekonomik Araştırmalar Dergisi, 14(27), 349-358.
  • Zeren, F. & V. Yilancı (2011), “Türkiye’de Bölgeler Arası Gelir Yakınsaması: Rassal Katsayılı Panel Veri Analizi Uygulaması”, Business and Economics Research Journal, 2(1), 143- 151.
There are 54 citations in total.

Details

Journal Section Articles
Authors

Hakan Sarıbaş

Publication Date November 8, 2016
Submission Date October 21, 2016
Published in Issue Year 2016 Volume: 24 Issue: 30

Cite

APA Sarıbaş, H. (2016). Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı. Sosyoekonomi, 24(30), 169-186. https://doi.org/10.17233/se.2016.10.011
AMA Sarıbaş H. Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı. Sosyoekonomi. October 2016;24(30):169-186. doi:10.17233/se.2016.10.011
Chicago Sarıbaş, Hakan. “Ana Akım Büyüme Modeli Ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı”. Sosyoekonomi 24, no. 30 (October 2016): 169-86. https://doi.org/10.17233/se.2016.10.011.
EndNote Sarıbaş H (October 1, 2016) Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı. Sosyoekonomi 24 30 169–186.
IEEE H. Sarıbaş, “Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı”, Sosyoekonomi, vol. 24, no. 30, pp. 169–186, 2016, doi: 10.17233/se.2016.10.011.
ISNAD Sarıbaş, Hakan. “Ana Akım Büyüme Modeli Ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı”. Sosyoekonomi 24/30 (October 2016), 169-186. https://doi.org/10.17233/se.2016.10.011.
JAMA Sarıbaş H. Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı. Sosyoekonomi. 2016;24:169–186.
MLA Sarıbaş, Hakan. “Ana Akım Büyüme Modeli Ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı”. Sosyoekonomi, vol. 24, no. 30, 2016, pp. 169-86, doi:10.17233/se.2016.10.011.
Vancouver Sarıbaş H. Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı. Sosyoekonomi. 2016;24(30):169-86.