TY  - JOUR
T1  - FİSHER HİPOTEZİ'NİN PANEL VERİ ANALİZİ İLE TEST EDİLMESİ: OECD ÜLKELERİ UYGULAMASI
TT  - TESTING OF THE FISHER HYPOTHESIS WITH A DYNAMIC PANEL DATA ANALYSIS: AN APPLICATION ON OECD COUNTRIES
AU  - Küçükaksoy, İsmail
AU  - Akalın, Güray
PY  - 2017
DA  - March
DO  - 10.17065/huniibf.303303
JF  - Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
PB  - Hacettepe Üniversitesi
WT  - DergiPark
SN  - 1301-8752
SP  - 19
EP  - 40
VL  - 35
IS  - 1
LA  - tr
AB  - Bu çalışma, Ekonomikİşbirliği ve Kalkınma Teşkilatı (OECD) üyesi ülkelerde 1995:Q1-2014:Q4 dönemiiçin “Fisher Hipotezi” nin geçerliliğini, dinamik panel veri analizi kullanaraktest etmeyi amaçlamaktadır. Çalışmada dinamik panel veri analizi kullanılarakelde edilen bulgular şöyle sıralanabilir: a) OECD ülkelerinden herhangi birindeortaya çıkacak bir ekonomik şok ya da bir politika değişikliği, diğer ülkeleride etkilemektedir; b) OECD ülkelerinin her birinde, faiz ve enflasyon birbirinifarklı derecede etkilemektedir. Bu bulgu, OECD ülkelerinin ekonomik yapılarınınfarklı olduğunu göstermektedir; c) İncelenen OECD ülkelerinde, enflasyon ilefaiz arasında uzun dönemli bir ilişki olduğu tespit edilmiş olup, bu bulgunominal faiz oranları ile enflasyon oranları arasında uzun dönemli bir ilişkiolduğunu iddia eden Fisher hipotezini desteklemektedir; d) İncelenen OECDülkelerinde, uzun dönemde faiz ve enflasyonun karşılıklı birbirlerini pozitifetkiledikleri tespit edilmiştir. Bu bulgu “Zayıf Fisher Etkisi” nin geçerliolduğunu ispatlamaktadır; e) Ülke bazlı elde edilen katsayılara göre beş OECDülkesinde Fisher hipotezi geçerli değilken, on üç OECD ülkesinde zayıf Fisheretkisi, bir OECD ülkesinde ise tam Fisher etkisi geçerlidir; f) Son olarak, onüç OECD ülkesinde faiz oranlarında ortaya çıkan bir artış, enflasyonun daartmasına neden olmaktadır.
KW  - Tam Fisher etkisi
KW  - zayıf Fisher etkisi
KW  - dinamik panel veri analizi
KW  - Durbin Hausman eşbütünleşme testi
N2  - This paper aims to testvalidity of “Fisher Hypothesis” for period 1995:Q1-2014:Q4 in Organization forEconomic Cooperation and Development (OECD) member countries by using dynamicpanel data analysis. The findings which obtained using dynamic panel dataanalysis in this study can be listed as follows: a) An economic shock or policychange that will occur in any of the OECD countries, also affects othercountries; b) Interest and inflation influence each other in different degreesin each of the OECD countries. This finding indicates that OECD countries havedifferent economic structures; c) The long-term relationship between inflationand interest have been determined in examined OECD countries and this findingsupports the Fisher hypothesis that claims there is a long term linkage betweennominal interest rates and inflation rates; d) The finding have been determinedwhich imply that in the long term inflation and interest affect each otherpositively in examined OECD countries. This finding prove the validity of “ThePartial Fisher Effect”; e) According to the country-based coefficients; Fisherhypothesis is not valid for five OECD countries while partial Fisher effect isvalid for thirteen OECD countries and full Fisher effect is valid for an OECD country; f) Finally, an increasein interest rates leads to increase in inflation in the thirteen OECDcountries.
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UR  - https://doi.org/10.17065/huniibf.303303
L1  - https://dergipark.org.tr/tr/download/article-file/837538
ER  -