THE RELATIONSHIP BETWEEN DOMESTIC SAVINGS AND ECONOMIC GROWTH: THE CASE OF TURKEY

Yıl 2015, Sayı: 46, 119 - 151, 17.11.2015

Serap Barış Nısfet Uzay

Öz

The domestic savings in a country constitute one of the most important sources of funding the developments. The decline observed in domestic savings rates in Turkey, in recent years and the current account deficit as well as the negative impact on the economy due to the current account deficit made the decline in the domestic savings to come up again. In this context, the aim of the study is to investigate the relationship between domestic savings and economic growth in the scale of Turkey. For this purpose, the relationship between domestic savings and economic growth was analyzed after reviewing the theoretical and empirical literature by using the data from the period 1960-2012 for Turkish economy. The findings of the study supports the hypothesis of lifetime income savings, which states that the savings would increase as a result of the rise of economic growth and thus increase in revenue. In this context, the policy makers should focus on policies to provide sustainable economic growth in order to increase the domestic savings. 

Anahtar Kelimeler

Domestic Savings, Economic Growth, Turkey.

Yurtiçi Tasarruflar ve Ekonomik Büyüme Arasındaki İlişki: Türkiye Örneği

Öz

Bir ülkedeki yurtiçi tasarruflar, kalkınmanın en önemli finansman kaynaklarından biridir. Türkiye’de, son yıllarda yurtiçi tasarruf oranlarındaki gözlemlenen düşüş ve bu düşüşün tasarruf-yatırım açığı ve cari açık yoluyla ekonomi üzerindeki olumsuz etkisi, yurtiçi tasarrufların tekrar gündeme gelmesine neden olmuştur. Bu bağlamda çalışmanın amacı, yurtiçi tasarruf ve ekonomik büyüme arasındaki ilişkiyi Türkiye kapsamında araştırmaktır. Bu amaç doğrultusunda, yurtiçi tasarruf ve ekonomik büyüme ilişkisi teorik ve ampirik literatür incelendikten sonra, bu ilişki Türkiye ekonomisine ait 1960-2012 dönemi verileri kullanılarak analiz edilmiştir. Çalışmanın bulguları, ekonomik büyümenin yükselmesi dolayısıyla, gelirin artması sonucu tasarrufların artacağını belirten yaşam boyu gelir hipotezini desteklemektedir. Bu doğrultuda politika yapıcılar, yurtiçi tasarrufları artırabilmek için sürdürülebilir ekonomik büyümenin sağlanmasına yönelik politikalara odaklanmalıdırlar. 

Anahtar Kelimeler

Yurtiçi Tasarruflar, Ekonomik Büyüme, Türkiye.

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