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HARBERGER-LAURSEN-METZLER ETKİSİ: LİTERATÜR VE TÜRKİYE ÖRNEĞİ

Yıl 2006, Cilt: 20 Sayı: 1, 57 - 69, 27.11.2010

Öz

Bu çalışma, herhangi bir ekonominin dış ticaret haddinde
meydana gelen pozitif (negatif) hareketlerin, diğer şeyler sabitken söz konusu
ekonominin dış ticaret dengesinde de pozitif (negatif) hareketlere neden
olacağını öngören Harberger-Laursen-Metzler (HLM) Hipotezi’nin, 1991:4-
2003:3 döneminde Türkiye ekonomisi bakımından geçerli olup olmadığını
incelemeyi amaçlamaktadır. Granger Nedensellik Testi sonuçlarına göre; dış
ticaret haddinden dış ticaret dengesine doğru, tek yönlü ve kısa dönemli bir
nedensellik ilişkisi olduğu sonucuna ulaşılmıştır. Ancak söz konusu nedensellik
ilişkisi, negatif yönlü olup; Türkiye ekonomisi bakımından HLM Hipotezi’nin
söz konusu dönemde geçerli olmadığına işaret etmektedir.

Kaynakça

  • Agenor,PierreR. and Aizenmann, Joshua (2002), “Savings and the Terms of Trade under Borrowing Constraints”, World Bank, http://www. worldbank.org/wbiep/ macroprogram/ agenor/pdfs/ totshock-rev.pdf .
  • Backus, David K., Kehoe, Patrick J. and Kydland Finn E. (1994), “Dynamics of the Trade Balance and the Terms of Trade: The J Curve”, American Economic Review, Vol:84, 1, pp.84-103.
  • Calderon, Cesar, Chong, Alberto and Loayza, Norman (1999), “Determinants of Current Account Deficits in Devoloping Countries”, Central Bank of Chile-Working Papers, 51, pp.1-41.
  • Chowdhury, Abdur R. (2003), “Do Asymetric Terms of Trade Shocks Affect Private Savings in a Transition Economy”, Bank of Finland Institute for Economies in Transition-Discussion Papers, 3, pp.1-35.
  • Dickey, David A. and Fuller, Wayne A. (1979), “Distribution of the Estimators of Autoregressive Time Series with a Unit Root”, Journal of the American Statistical Association, Vol:74, pp.427-431.
  • Engle, Robert F. and Granger, Clive W.J. (1987), “Co-Integration and Error Correction: Representation, Estimation and Testing”, Econometrica, Vol:55, pp.251-276.
  • Gandolfo, Giancarlo (2002), International Finance and Open-Economy Macroeconomics, First Edition, Springer, Berlin.
  • Granger, Clive W.J. (1969), “Investigating Causal Relation by Econometric Models and Cross-Spectral Methods”, Econometrica , Vol:37, pp.424- 438.
  • Harberger, Arnold C. (1950), “Currency Depreciation, Income and the Balance of Trade”, Journal of Political Economy, Vol:58, pp.47-60.
  • Hsiao, Cheng (1981), “Autoregressive Modelling and Money-Income Causality Detection”, Journal of Monetary Economics, Vol:7, pp.85-106.
  • Ikeda, Shınsuke (2001), “Weakly Nonseperable Preference and the Current Account: Yes, There is a Harberger-Laursen-Metzler Effect”, Canadian Journal of Economics, Vol:34, pp.290-307.
  • Kıpıcı, Ahmet N. (1996), “Terms of Trade and Economic Fluctuations”,The Central Bank of The Republic of Turkey Discussion Paper, No:9615, pp.1-13.
  • Laursen, Svend and Metzler, Lloyd A. (1950), “Flexible Exchange Rate and The Theory of Employment”, The Review of Economics and Statistics, Vol:32, 4, pp.281-299.
  • Masson, Paul R., Bayoumi, Tamim and Samiei, Hossein (1998), “International Evidence on the Determinants of Private Saving”, The World Bank Economic Review, Vol:12, 3, pp.483-501.
  • Memdoza, Enrique G. (1995), “The Terms of Trade, The Real Exchange Rate, and Economic Fluctuations”, International Economic Review, Vol:63, 1, pp.101-137.
  • Obstfeld, Maurice (1982), “Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect”, Quarterly Journal of Economics, Vol:97, pp.251-270.
  • Otto, Glenn (2003), “Terms of Trade Shocks and the Balance of Trade: there is a Harberger-Laursen-Metzler Effect”, Journal of International Money and Finance, Vol:22, pp.155-184.
  • Persson, Torsten and Svensson, Lars E.O. (1985), “Current Accounts Dynamics and The Terms of Trade: Harberger-Laursen-Metzler Two Generations Later”, Journal of Political Economy, Vol:93, 1, pp.43-65.
  • Sen, Partha and Turnovsky, Stephen J. (1989), “Deterioration of The Terms of Trade and Capital Accumulation: A Re-Examination of The Laursen- Metzler Effect”, Journal of International Economics, Vol:26, pp.227- 250.
  • Svensson, Lars E.O. and Razin, Assaf (1983), “The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect”, Journal of Political Economy, Vol:91, 1, pp.97-125.
  • Uygur, Ercan (2002), “Krizden Krize Türkiye 2000 Kasım ve 2001 Şubat Krizleri”, http://www.econturk.org.
Yıl 2006, Cilt: 20 Sayı: 1, 57 - 69, 27.11.2010

Öz

Kaynakça

  • Agenor,PierreR. and Aizenmann, Joshua (2002), “Savings and the Terms of Trade under Borrowing Constraints”, World Bank, http://www. worldbank.org/wbiep/ macroprogram/ agenor/pdfs/ totshock-rev.pdf .
  • Backus, David K., Kehoe, Patrick J. and Kydland Finn E. (1994), “Dynamics of the Trade Balance and the Terms of Trade: The J Curve”, American Economic Review, Vol:84, 1, pp.84-103.
  • Calderon, Cesar, Chong, Alberto and Loayza, Norman (1999), “Determinants of Current Account Deficits in Devoloping Countries”, Central Bank of Chile-Working Papers, 51, pp.1-41.
  • Chowdhury, Abdur R. (2003), “Do Asymetric Terms of Trade Shocks Affect Private Savings in a Transition Economy”, Bank of Finland Institute for Economies in Transition-Discussion Papers, 3, pp.1-35.
  • Dickey, David A. and Fuller, Wayne A. (1979), “Distribution of the Estimators of Autoregressive Time Series with a Unit Root”, Journal of the American Statistical Association, Vol:74, pp.427-431.
  • Engle, Robert F. and Granger, Clive W.J. (1987), “Co-Integration and Error Correction: Representation, Estimation and Testing”, Econometrica, Vol:55, pp.251-276.
  • Gandolfo, Giancarlo (2002), International Finance and Open-Economy Macroeconomics, First Edition, Springer, Berlin.
  • Granger, Clive W.J. (1969), “Investigating Causal Relation by Econometric Models and Cross-Spectral Methods”, Econometrica , Vol:37, pp.424- 438.
  • Harberger, Arnold C. (1950), “Currency Depreciation, Income and the Balance of Trade”, Journal of Political Economy, Vol:58, pp.47-60.
  • Hsiao, Cheng (1981), “Autoregressive Modelling and Money-Income Causality Detection”, Journal of Monetary Economics, Vol:7, pp.85-106.
  • Ikeda, Shınsuke (2001), “Weakly Nonseperable Preference and the Current Account: Yes, There is a Harberger-Laursen-Metzler Effect”, Canadian Journal of Economics, Vol:34, pp.290-307.
  • Kıpıcı, Ahmet N. (1996), “Terms of Trade and Economic Fluctuations”,The Central Bank of The Republic of Turkey Discussion Paper, No:9615, pp.1-13.
  • Laursen, Svend and Metzler, Lloyd A. (1950), “Flexible Exchange Rate and The Theory of Employment”, The Review of Economics and Statistics, Vol:32, 4, pp.281-299.
  • Masson, Paul R., Bayoumi, Tamim and Samiei, Hossein (1998), “International Evidence on the Determinants of Private Saving”, The World Bank Economic Review, Vol:12, 3, pp.483-501.
  • Memdoza, Enrique G. (1995), “The Terms of Trade, The Real Exchange Rate, and Economic Fluctuations”, International Economic Review, Vol:63, 1, pp.101-137.
  • Obstfeld, Maurice (1982), “Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect”, Quarterly Journal of Economics, Vol:97, pp.251-270.
  • Otto, Glenn (2003), “Terms of Trade Shocks and the Balance of Trade: there is a Harberger-Laursen-Metzler Effect”, Journal of International Money and Finance, Vol:22, pp.155-184.
  • Persson, Torsten and Svensson, Lars E.O. (1985), “Current Accounts Dynamics and The Terms of Trade: Harberger-Laursen-Metzler Two Generations Later”, Journal of Political Economy, Vol:93, 1, pp.43-65.
  • Sen, Partha and Turnovsky, Stephen J. (1989), “Deterioration of The Terms of Trade and Capital Accumulation: A Re-Examination of The Laursen- Metzler Effect”, Journal of International Economics, Vol:26, pp.227- 250.
  • Svensson, Lars E.O. and Razin, Assaf (1983), “The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect”, Journal of Political Economy, Vol:91, 1, pp.97-125.
  • Uygur, Ercan (2002), “Krizden Krize Türkiye 2000 Kasım ve 2001 Şubat Krizleri”, http://www.econturk.org.
Toplam 21 adet kaynakça vardır.

Ayrıntılar

Birincil Dil tr;en
Bölüm Makaleler
Yazarlar

Rahmi Yamak Bu kişi benim

Abdurrahman Korkmaz Bu kişi benim

Yayımlanma Tarihi 27 Kasım 2010
Yayımlandığı Sayı Yıl 2006 Cilt: 20 Sayı: 1

Kaynak Göster

APA Yamak, R., & Korkmaz, A. (2010). HARBERGER-LAURSEN-METZLER ETKİSİ: LİTERATÜR VE TÜRKİYE ÖRNEĞİ. Atatürk Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 20(1), 57-69.

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