Effects of Public Investments on Gross Domestic Product: Case of Artvin Province

Year 2021, Volume: 28 Issue: 1, 125 - 137, 23.03.2021

Mustafa Çayır

https://doi.org/10.18657/yonveek.798531

Abstract

This paper investigates that the effects of total real public investments made to Artvin upon the real per capita income in Artvin. The relationship between public investments and income is analyzed using Granger causality and cointegration tests. Also, the analysis has covered the period of 1988-2017, based on annual observations. According to the results of Granger test, there is a causality relationship at 5% level of statistically significance from public investments to the income of Artvin citizens, whereas there isn't any significant causal relationship from income to public investments. A long-term relationship hasn’t been determined between public investments and per capita income in Artvin in Johansen cointegration test.
Key Words: Public Investments, Income, Granger Causality, Johansen Cointegration
JEL Classification: H50, R11, O47  

Kamu Yatırımlarının Gayri̇ Safi̇ Yurti̇çi̇ Hâsıla Üzeri̇ndeki̇ Etki̇si̇: Artvi̇n İli̇ Örneği̇

Abstract

Çalışmada kamu yatırımları ile kişi başına düşen gelir arasındaki ilişki Granger nedensellik ve eş-bütünleşme testleri kullanılarak analiz edilmektedir. Ayrıca, analiz 1988 – 2017 dönemini kapsamakta ve yıllık gözlemlere dayanmaktadır. Granger nedensellik testinden elde edilen sonuçlara göre, Artvin’e yapılan kamu yatırımlarından Artvin halkının kişi başına düşen gelirine doğru % 5 önem seviyesinde istatistiki olarak anlamlı bir nedensellik varken, Artvin’de kişi başına düşen gelirden kamu yatırımlarına doğru anlamlı bir nedensellik bulunmamaktadır. Yapılan Johansen eş-bütünleşme testinde Artvin’de kamu yatırımlarıyla kişi başına düşen gelir arasında anlamlı düzeyde uzun dönemli bir ilişkinin olmadığı tespit edilmiştir.
Anahtar Kelimeler: Kamu Yatırımları, Gelir, Granger Nedensellik, Johansen Eş-bütünleşme
JEL Sınıflandırması: H50, R11, O47  

Keywords

Kamu Yatırımları, Gelir, Granger Nedensellik, Johansen Eş-bütünleşme

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