YATIRIM-TASARRUF İLİŞKİSİ: OECD ÜLKELERİ İÇİN YENİ NESİL PANEL EŞBÜTÜNLEŞME ANALİZİ

Öz

Bu çalışmanın amacı; yurtiçi yatırımlarla yurtiçi tasarruflar arasındaki ilişkiyi, yeni nesil panel veri analiz yöntemleri yardımıyla incelemektir. Çalışma, kullanılan yöntem ve konu itibariyle güncel olup, Türkiye gibi yurtiçi tasarruf oranlarının düşüklüğü sorunuyla uğraşan ülkeler için, bir politika önerisi niteliği taşımaktadır. Bu yönüyle, ilgili literatüre bir katkı sağlayacağı düşünülmektedir. Bu çalışmada, yurtiçi yatırımlarla yurtiçi tasarruflar arasındaki ilişki, 20 Ekonomik Kalkınma ve İşbirliği Örgütü ülkesi için, Feldstein-Horioka Paradoksu çerçevesinde, 1980-2012 dönemi verileri kullanılarak, yatay kesit bağımlılığı altında çoklu yapısal kırılmalı panel eşbütünleşme yöntemi ile analiz edilmiştir. Analiz sonucunda, söz konusu ülkelerde, analiz döneminde Feldstein-Horioka Paradoksunun geçerli olmadığı tespit edilmiştir. 

Anahtar Kelimeler

• Dışa Açıklık,Yatırım,Tasarruf,Çoklu Yapısal Kırılmalı Panel Eşbütünleşme Analizi

RELATIONSHIP BETWEEN INVESTMENT AND SAVING: NEW GENERATION PANEL COINTEGRATION ANALYSIS FOR OECD COUNTRIES

Öz

The purpose of this study is to examine the relationship between domestic investment and savings by the help of the new generation panel data analysis methods. This study is up-to-date in terms of its method and subject and signifies a policy proposal for countries such as Turkey, dealing with the low levels of domestic savings problem. In this respect, it thought that will provide a contribution to the related literature. In this study relationship between investment and saving was analyzed for 20 Organisation for Economic Co-operation and Development countries within the framework of Feldstein-Horioka Paradox by using 1980-2012 period data via under cross-section dependence panel cointegration method with multiple structural breaks.  As a result of the analysis, it was seen that Feldstein-Horioka Paradox is not valid in these countries.

Anahtar Kelimeler

• Openness,Investment,Saving,Panel Cointegration Analysis with Multiple Structural Breaks

Kaynakça

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