FİNANSAL PİYASALARDAKİ GELİŞMELERİN İKTİSADİ BÜYÜME ÜZERİNE ETKİLERİ: TÜRKİYE İÇİN BİR VAR MODELİ

Yıl 2008, Cilt: 22 Sayı: 1, 173 - 193, 27.11.2010

Berer Güngör Ömer Yılmaz

Öz

Bu çalışmada, 1987–2005 dönemine ait üç aylık ekonomik veriler
kullanılarak, ülkemizde bankacılık sektörü ve menkul kıymet piyasasındaki
gelişmelerin iktisadi büyüme üzerindeki muhtemel etkileri araştırılmıştır.
Johansen- Juselius eş-bütünleşme test sonuçları, bankacılık sektörü ve menkul
kıymet piyasasındaki gelişmeler ile iktisadi büyüme arasında uzun dönemli bir
ilişki olduğunu göstermiştir. Granger nedensellik test sonuçları ise, borsa
gelişimi ile iktisadi büyüme arasında iki yönlü, bankacılık sektörüyle iktisadi
büyüme arasında iktisadi büyümeden bankacılık sektörüne doğru tek yönlü bir
nedenselliğe işaret etmiştir. Ülkemize yönelik elde edilen bu bulgular,
literatürdeki “talep takibi” görüşünü desteklemektedir.

Anahtar Kelimeler

Bankacılık Sektörü, Menkul Kıymet Borsası, İktisadi Büyüme

Kaynakça

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