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Uyarlanmış Solow ve Uzawa-Lucas Modelleri Çerçevesinde İnsan Sermayesi-Ekonomik Büyüme İlişkisinin Karşılaştırılması

Yıl 2018, Cilt: 7 Sayı: 2, 1339 - 1350, 30.06.2018
https://doi.org/10.15869/itobiad.407431

Öz

Son
yıllarda insan sermayesi ve ekonomik büyüme ilişkisinin önemi vurgulanmaktadır
ve ampirik çalışmalar genellikle bu ilişkinin pozitif olduğunu bulmakta fakat
bazı çalışmalar tersini söylemektedir. 
Bu çalışmada, insan sermayesi ve ekonomik büyüme arasındaki ilişki
Avrupa Birliği ülkeleri ve aday ülkeler için panel veri analizi kullanılarak
analiz edilmiştir. Dahası, 1998-2016 döneminde hangi modelin Avrupa Birliği
ülkeleri ve aday ülkelerin büyüme deneyimi için uygun olduğu incelenmiştir. Bu
bakımdan Mankiw, Romer ve Weil’in Uyarlanmış Solow Modeli ve Uzawa-Lucas Modeli
karşılaştırılmıştır. Her iki model de geniş uygulama alanlarına sahip
olduklarından önemlidir. Çalışma sonuçlarına göre insan sermayesi birikimi
ekonomik büyüme üzerinde önemli bir role sahiptir. Bu etki aday ülkeler için
daha da yüksek bulunmuştur. 

Kaynakça

  • Arnold, J., Bassanini, A. ve Scarpetta, S. (2007). Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries. OECD Economics Department Working Papers, 592, 1-28.
  • Baltagi, B. H. (2005). Econometric Analysis of Panel Data. Third Edition. England: John Wiley and Sons, Ltd.
  • Barro, R. J. (1990). Government Spending in a Simple Model of Endogenous Growth. The Journal of Political Economy, 98(5), 103-125.
  • Barro, R. J. ve Sala-i-Martin, X. (1995). Economic Growth. United States of America: McGraw Hill.
  • Becker, G. S. (1964). Human Capital. New York: Columbia University Pres.
  • Bernanke, B. S. ve Gurkaynak, R. S. (2001). Is Growth Exogenous? Taking Mankiw, Romer, and Weil Seriously. NBER Working Paper, 8365, 11-72.
  • Choi, I. (2001). Unit Root Tests for Panel Data. Journal of International Money and Finance, 20, 249-272.
  • Im, K. S., Pesaran, M. H. ve Shin, Y. (2003). Testing for Unit Roots in Heterogenous Panels. Journal of Econometrics, 115(1), 53-74.
  • Kao, C. (1999). Spurious Regression and Residual Based Tests for Cointegration in Panel Data. Working Paper Center of Policy Research, Syracuse University, New York, 1-44.
  • Levin, A. ve Lin, C. F. (1992), Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties. Discussion Paper, 92–93, University of San California, San Diego, 1-66.
  • Levin, A. ve Lin, C. F. (1993). Unit Root Test in Panel Data: New Results. Discussion Paper, 93–56, University of San California, San Diego.
  • Li, D. (2002). Is the AK Model Still Alive? The Long-Run Relation between Growth and Investment Reexamined. Canadian Journal of Economics, 35, 92-114.
  • Lucas, R. E. (1988). On the Mechanism of Economic Development. Journal of Monetary Economics, 22(1), 3-42.
  • Maddala, G. S. ve Wu, S. (1999). A Comparative Study of Unit Root Tests with Panel Data a New Simple Test. Oxford Bulletin of Economics and Statistics, Special Issue, 61, 631–652.
  • Mankiw, N. G., Romer, D. ve Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth, The Quarterly Journal of Economics, 107(2), 407-437.
  • Otero, J., Smith, J. P. ve Giulietti, M. (2005). Testing for Seasonal Unit Roots in Heterogeneous Panels. Economics Letters, 86, 229–235.
  • Pedroni, P. (1999). Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors”, Oxford Bulletin of Economics and Statistics, 61, 653-670.
  • Quah, D. (1994). Exploiting Cross-section Variation for Unit Root Inference in Dynamic Data. Economic Letters, 44, 9–19.
  • Romer, D. (2006). Advanced Macroeconomics. Third Edition. New York: The McGraw-Hill.
  • Romer, P. M. (1986). Increasing Returns and Long Rung Run Growth. Journal of Politicial Economy, 94(5), 1002-1037.
  • Schultz, T. W. (1961). Investment in Human Capital. The American Economic Review, 51(1), 1-17.
  • Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65-94.
  • Uzawa, H. (1965). Optimum Technical Change in an Aggregative Model of Economic Growth. International Economic Review, 6, 18-31.
  • Wu, J. L. (2000). Mean Reversion of the Current Account: Evidence from the Panel Data Unit-root Test. Economics Letters, 66, 215–222.

Comparison of Human Capital and Economic Growth Relation in the Augmented Solow and Uzawa-Lucas Models Framework

Yıl 2018, Cilt: 7 Sayı: 2, 1339 - 1350, 30.06.2018
https://doi.org/10.15869/itobiad.407431

Öz

In the recent years, the
importance of the comparison between human capital and economic growth have
been underlined and empirical studies generally find this relationship positive
while some studies say to the opposite. In this paper, comparison between human
capital and economic growth have been studied for the European Union and
candidate countries by using panel data analysis. Furthermore, the study
investigates that which model is compatible with the European Union and
candidate countries’ growth experience in 1998 to 2016 period. In this regard,
Mankiw, Romer and Weil’s Augmented Solow Model and Uzawa-Lucas Model are being
compared. Both models are important, as they have wide empirical fields. According
to the study, human capital accumulation has an important role on economic
growth. This effect is found to be more significant for candidate countries.

Kaynakça

  • Arnold, J., Bassanini, A. ve Scarpetta, S. (2007). Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries. OECD Economics Department Working Papers, 592, 1-28.
  • Baltagi, B. H. (2005). Econometric Analysis of Panel Data. Third Edition. England: John Wiley and Sons, Ltd.
  • Barro, R. J. (1990). Government Spending in a Simple Model of Endogenous Growth. The Journal of Political Economy, 98(5), 103-125.
  • Barro, R. J. ve Sala-i-Martin, X. (1995). Economic Growth. United States of America: McGraw Hill.
  • Becker, G. S. (1964). Human Capital. New York: Columbia University Pres.
  • Bernanke, B. S. ve Gurkaynak, R. S. (2001). Is Growth Exogenous? Taking Mankiw, Romer, and Weil Seriously. NBER Working Paper, 8365, 11-72.
  • Choi, I. (2001). Unit Root Tests for Panel Data. Journal of International Money and Finance, 20, 249-272.
  • Im, K. S., Pesaran, M. H. ve Shin, Y. (2003). Testing for Unit Roots in Heterogenous Panels. Journal of Econometrics, 115(1), 53-74.
  • Kao, C. (1999). Spurious Regression and Residual Based Tests for Cointegration in Panel Data. Working Paper Center of Policy Research, Syracuse University, New York, 1-44.
  • Levin, A. ve Lin, C. F. (1992), Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties. Discussion Paper, 92–93, University of San California, San Diego, 1-66.
  • Levin, A. ve Lin, C. F. (1993). Unit Root Test in Panel Data: New Results. Discussion Paper, 93–56, University of San California, San Diego.
  • Li, D. (2002). Is the AK Model Still Alive? The Long-Run Relation between Growth and Investment Reexamined. Canadian Journal of Economics, 35, 92-114.
  • Lucas, R. E. (1988). On the Mechanism of Economic Development. Journal of Monetary Economics, 22(1), 3-42.
  • Maddala, G. S. ve Wu, S. (1999). A Comparative Study of Unit Root Tests with Panel Data a New Simple Test. Oxford Bulletin of Economics and Statistics, Special Issue, 61, 631–652.
  • Mankiw, N. G., Romer, D. ve Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth, The Quarterly Journal of Economics, 107(2), 407-437.
  • Otero, J., Smith, J. P. ve Giulietti, M. (2005). Testing for Seasonal Unit Roots in Heterogeneous Panels. Economics Letters, 86, 229–235.
  • Pedroni, P. (1999). Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors”, Oxford Bulletin of Economics and Statistics, 61, 653-670.
  • Quah, D. (1994). Exploiting Cross-section Variation for Unit Root Inference in Dynamic Data. Economic Letters, 44, 9–19.
  • Romer, D. (2006). Advanced Macroeconomics. Third Edition. New York: The McGraw-Hill.
  • Romer, P. M. (1986). Increasing Returns and Long Rung Run Growth. Journal of Politicial Economy, 94(5), 1002-1037.
  • Schultz, T. W. (1961). Investment in Human Capital. The American Economic Review, 51(1), 1-17.
  • Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65-94.
  • Uzawa, H. (1965). Optimum Technical Change in an Aggregative Model of Economic Growth. International Economic Review, 6, 18-31.
  • Wu, J. L. (2000). Mean Reversion of the Current Account: Evidence from the Panel Data Unit-root Test. Economics Letters, 66, 215–222.
Toplam 24 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Gülçin Güreşçi 0000-0002-3761-8547

Yayımlanma Tarihi 30 Haziran 2018
Yayımlandığı Sayı Yıl 2018 Cilt: 7 Sayı: 2

Kaynak Göster

APA Güreşçi, G. (2018). Uyarlanmış Solow ve Uzawa-Lucas Modelleri Çerçevesinde İnsan Sermayesi-Ekonomik Büyüme İlişkisinin Karşılaştırılması. İnsan Ve Toplum Bilimleri Araştırmaları Dergisi, 7(2), 1339-1350. https://doi.org/10.15869/itobiad.407431
İnsan ve Toplum Bilimleri Araştırmaları Dergisi  Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı (CC BY NC) ile lisanslanmıştır.