FİNANSAL GELİŞMENİN SÜRDÜRÜLEBİLİR KALKINMA ÜZERİNDEKİ DİNAMİK ETKİLERİ: OECD ÜLKELERİNDEN KANITLAR

Year 2025, Issue: 49, 209 - 226

Musa Gün , Aykut Karakaya

https://doi.org/10.18092/ulikidince.1681603

Abstract

Bu çalışmanın amacı, OECD ülkelerinde finansal gelişmenin sürdürülebilir kalkınma üzerindeki kısa ve uzun dönemli dinamik etkilerini analiz etmektir. Finansal gelişmenin finansal kurumlar ve finansal piyasalar alt boyutları araştırmada dikkate alınmıştır. 1990-2021 dönemini kapsayan çalışmada panel veri analiz yöntemleri kullanılmış ve üç temel araştırma sorusu ele alınmıştır: Finansal gelişme ile sürdürülebilir kalkınma arasındaki koentegrasyonun varlığı, aralarındaki nedensel ilişkiler ve bu ilişkinin zaman içindeki etkileridir. Çalışmanın bulguları finansal gelişme ile sürdürülebilir kalkınma arasında bir koentegrasyon ve tek yönlü bir nedensellik ilişkisinin olduğunu göstermiştir. Uzun vadede finansal gelişme sürdürülebilir kalkınmayı olumlu etkilerken, kısa vadede bu etki yalnızca finansal kurumlar üzerinden gerçekleşmiştir. Sonuç olarak, finansal piyasalara erişimin artması ve finansal sistemin etkin işlemesi, sürdürülebilir kalkınmaya katkı sağladığı gözlenmiştir. Dolayısıyla, finansal gelişmeyi destekleyici stratejilerin devreye sokulması sürdürülebilir kalkınma hedeflerine ulaşmada etkili bir araç olacaktır.

Keywords

Finansal Gelişme , Sürdürülebilir Kalkınma , OECD Ülkeleri , Panel Veri

THE DYNAMIC EFFECTS OF FINANCIAL DEVELOPMENT ON SUSTAINABLE DEVELOPMENT: EVIDENCE FROM OECD COUNTRIES

Abstract

This study aims to analyze the short and long-run dynamic effects of financial development on sustainable development in OECD countries. In the study, financial institutions and financial markets, as the sub-components of financial development, were considered. Covering the period 1990-2021, the study used panel data analysis methods and addressed three main research questions: The existence of cointegration between financial development and sustainable development, the causal relationships between them, and the effects of this relationship over time. The findings of the study showed that there is a cointegration and a unidirectional causality relationship between financial development and sustainable development. While financial development positively affects sustainable development in the long run, this effect was only realized through financial institutions in the short run. As a result, it was observed that increased access to financial markets and the effective functioning of the financial system contribute to sustainable development. Therefore, the implementation of strategies supporting financial development will be an effective tool in achieving sustainable development goals.

Keywords

Financial Development , Sustainable Development , OECD Countries , Panel Data

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