Türkiye’de Bütçe Dengesi ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?)

Taner Turan

doi:10.18657/yecbu.16172

Türkiye’de Bütçe Dengesi ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?)

Abstract

Bütçe dengesi ve diğer makroekonomik değişkenler arasındaki ilişki uzun zamandan beri iktisatçıların ilgisini çekmiştir. Bu kapsamda bütçe dengesi ile finans hesabı dengesi arasında da bir ilişki olabileceği ileri sürülmüştür. Teorik olarak bütçe dengesi ve finans hesabı dengesinin değişik kanallarla birbirlerini etkilemeleri mümkündür. Bu çalışmada Türkiye için 1975-2014 dönemi verileri kullanılarak merkezi yönetim bütçe dengesi ve finans hesabı dengesi arasındaki ilişki hem eşbütünleşme hem de nedensellik testleri yardımıyla incelenmiştir. Değişkenlerin farklı bütünleşme derecelerine sahip olmaları nedeniyle ARDL yaklaşımı kullanılmıştır. ARDL yaklaşımına göre bütçe dengesi ve finans hesabı dengesi arasında bir eşbütünleşme ilişkisinin olmadığı anlaşılmışır. Ayrıca söz konusu değişkenler arasında bir Granger nedensellik ilişkisinin varlığı Toda-Yamamoto yöntemiyle test edilmiş ve bu değişkenler arasında iki yönlü bir nedensellik ilişkisi olduğu sonucuna ulaşılmıştır.

The relationship between the government budget balance and other macroeconomic variables has drawn attention from economists for a long time. In this context it is argued that there would be a relation between the budget balance and financial account balance. Theory suggests that the budget balance and financial account balance would affect each other through different channels. This paper examines the relationship between the central government budget balance and financial account balance in Turkey by using annual data over the period 1975-2014 and employing ARDL approach to co-integration and Toda-Yamamoto approach to test for Granger causality. ARDL bounds testing results indicate that there is no long run relationship between the budget balance and financial account balance during the period examined. However, Granger causality tests suggest that there is a bi-directional causality between the budget balance and financial account balance.

Keywords

Bütçe dengesi, finans hesabı dengesi, eşbütünleşme ilişkisi, nedensellik

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Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Taner Turan This is me

Publication Date

January 12, 2016

Submission Date

January 12, 2016

Acceptance Date

-

Published in Issue

Year 2015 Volume: 22 Number: 2

DOI

https://doi.org/10.18657/yecbu.16172

IZ

https://izlik.org/JA79LR67AL

Cite

RIS / Bibtex

APA

Turan, T. (2016). Türkiye’de Bütçe Dengesi ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?). Yönetim Ve Ekonomi Dergisi, 22(2), 651-662. https://doi.org/10.18657/yecbu.16172

AMA

1.Turan T. Türkiye’de Bütçe Dengesi ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?). Yönetim ve Ekonomi Dergisi. 2016;22(2):651-662. doi:10.18657/yecbu.16172

Chicago

Turan, Taner. 2016. “Türkiye’de Bütçe Dengesi Ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?)”. Yönetim Ve Ekonomi Dergisi 22 (2): 651-62. https://doi.org/10.18657/yecbu.16172.

EndNote

Turan T (January 1, 2016) Türkiye’de Bütçe Dengesi ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?). Yönetim ve Ekonomi Dergisi 22 2 651–662.

IEEE

[1]T. Turan, “Türkiye’de Bütçe Dengesi ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?)”, Yönetim ve Ekonomi Dergisi, vol. 22, no. 2, pp. 651–662, Jan. 2016, doi: 10.18657/yecbu.16172.

ISNAD

Turan, Taner. “Türkiye’de Bütçe Dengesi Ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?)”. Yönetim ve Ekonomi Dergisi 22/2 (January 1, 2016): 651-662. https://doi.org/10.18657/yecbu.16172.

JAMA

1.Turan T. Türkiye’de Bütçe Dengesi ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?). Yönetim ve Ekonomi Dergisi. 2016;22:651–662.

MLA

Turan, Taner. “Türkiye’de Bütçe Dengesi Ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?)”. Yönetim Ve Ekonomi Dergisi, vol. 22, no. 2, Jan. 2016, pp. 651-62, doi:10.18657/yecbu.16172.

Vancouver

1.Taner Turan. Türkiye’de Bütçe Dengesi ve Finans Hesabı Dengesi Arasında Bir İlişki Var Mı?(Is There A Relationship Between The Budget Balance And Financial Account Balance In Turkey?). Yönetim ve Ekonomi Dergisi. 2016 Jan. 1;22(2):651-62. doi:10.18657/yecbu.16172