Year 2017, Volume , Issue 19, Pages 211 - 226 2017-07-03

EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA
EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA

Yağmur SAĞLAM [1] , Hüseyin Avni EGELİ [2]


Çalışmada Doğu Asya ülkelerinde ihracata dayalı büyüme hipotezi (ELG) ve iç talep çekişli büyüme hipotezi (DLG) 1983-2015 dönemi için dinamik panel veri analiz yöntemi ile test edilmiştir. ELG hipotezi ekonomik kriz sonrası zamanla Asya’da popülerliğini yitirmiş ve politika yapıcılar yabancı talebe bağımlı olmayan başka bir büyüme hipotezini (DLG) çözüm önerisi olarak uygulamaya koymuşlardır. İkinci nesil birim kök, eş-bütünleşme ve nedensellik testlerinin kullanıldığı ekonometrik modelde uzun dönem katsayıları Pesaran (2006) tarafından geliştirilen CCE modeli ile her bir ülke için ayrı ayrı hesaplanmıştır. Elde edilen uygulama sonuçlarına göre; Hong Kong ve Singapur’da ihracat dayalı büyüme hipotezi kabul edilirken Güney Kore ile Makao’da iç talep çekişli büyüme hipotezi dominanttır. Japonya’da net ihracat ve iç talep, ekonomik büyümeye birlikte katkı yapmaktadır. Bu nedenle Japonya’nın ekonomik büyüme katsayısı diğerlerinden daha büyüktür. Sürdürülebilir büyümenin anahtarı ELG ve DLG hipotezlerini birlikte içeren bir politika uygulamaktan geçmektedir.

The purpose of this study to compare export-led growth (ELG) and domestic demand-led growth (DLG) hypotheses in East Asia during 1983-2015 with dynamic panel data analysis. Export-led growth strategy lost in time its fame in Asia after the economic crisis and policy makers put in practice some solution packages and tried to move on another growth strategy (DLG) which does not depend only foreign demand. The second generation unit root, co-integration and causality tests have been used at the empirical part and long term coefficients calculated with CCE model (Pesaran, 2006) individually. According to estimated long term coefficients for each country; in Hong Kong and Singapore export-led growth hypothesis is dominant but in Macau and South Korea domestic demand led growth is strictly speaking. Net export and domestic demand contributes to economic growth together in Japan and economic growth coefficient of Japan is bigger than the others. The key of the sustainable growth is to have a good combination of ELG and DLG hypotheses.

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Subjects Social
Journal Section Table of Contents
Authors

Author: Yağmur SAĞLAM
Institution: SİNOP ÜNİVERSİTESİ
Country: Turkey


Author: Hüseyin Avni EGELİ
Institution: DOKUZ EYLÜL ÜNİVERSİTESİ
Country: Turkey


Dates

Publication Date : July 3, 2017

Bibtex @research article { ulikidince309279, journal = {Uluslararası İktisadi ve İdari İncelemeler Dergisi}, issn = {1307-9832}, eissn = {1307-9859}, address = {}, publisher = {Kenan ÇELİK}, year = {2017}, volume = {}, pages = {211 - 226}, doi = {10.18092/ulikidince.309279}, title = {EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA}, key = {cite}, author = {SAĞLAM, Yağmur and EGELİ, Hüseyin Avni} }
APA SAĞLAM, Y , EGELİ, H . (2017). EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA. Uluslararası İktisadi ve İdari İncelemeler Dergisi , (19) , 211-226 . DOI: 10.18092/ulikidince.309279
MLA SAĞLAM, Y , EGELİ, H . "EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA". Uluslararası İktisadi ve İdari İncelemeler Dergisi (2017 ): 211-226 <https://dergipark.org.tr/en/pub/ulikidince/issue/29069/309279>
Chicago SAĞLAM, Y , EGELİ, H . "EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA". Uluslararası İktisadi ve İdari İncelemeler Dergisi (2017 ): 211-226
RIS TY - JOUR T1 - EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA AU - Yağmur SAĞLAM , Hüseyin Avni EGELİ Y1 - 2017 PY - 2017 N1 - doi: 10.18092/ulikidince.309279 DO - 10.18092/ulikidince.309279 T2 - Uluslararası İktisadi ve İdari İncelemeler Dergisi JF - Journal JO - JOR SP - 211 EP - 226 VL - IS - 19 SN - 1307-9832-1307-9859 M3 - doi: 10.18092/ulikidince.309279 UR - https://doi.org/10.18092/ulikidince.309279 Y2 - 2017 ER -
EndNote %0 Uluslararası İktisadi ve İdari İncelemeler Dergisi EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA %A Yağmur SAĞLAM , Hüseyin Avni EGELİ %T EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA %D 2017 %J Uluslararası İktisadi ve İdari İncelemeler Dergisi %P 1307-9832-1307-9859 %V %N 19 %R doi: 10.18092/ulikidince.309279 %U 10.18092/ulikidince.309279
ISNAD SAĞLAM, Yağmur , EGELİ, Hüseyin Avni . "EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA". Uluslararası İktisadi ve İdari İncelemeler Dergisi / 19 (July 2017): 211-226 . https://doi.org/10.18092/ulikidince.309279
AMA SAĞLAM Y , EGELİ H . EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA. UİİİD. 2017; (19): 211-226.
Vancouver SAĞLAM Y , EGELİ H . EMPIRICAL ANALYSIS OF EXPORT-LED GROWTH AND DOMESTIC DEMAND-LED GROWTH HYPOTHESES IN EAST ASIA. Uluslararası İktisadi ve İdari İncelemeler Dergisi. 2017; (19): 226-211.