Araştırma Makalesi
BibTex RIS Kaynak Göster

Ekonomik Büyümeyi Etkileyen Faktörlerin İncelenmesi: Kurucu OECD Ülkeleri İçin Panel Veri Analizi

Yıl 2022, Cilt: 7 Sayı: 2, 263 - 273, 30.12.2022

Ceren Yağcı Aygül Anavatan

Öz

Ekonomik Büyümeyi Etkileyen Faktörlerin İncelenmesi: Kurucu OECD Ülkeleri İçin Panel Veri Analizi

Anahtar Kelimeler

Ekonomik Büyüme OECD Panel Veri Analizi

Kaynakça

  • Alam, A., Arshad, M. U., & Rajput, W. (2013). Relationship of Labor Productivity, Foreign Direct Investment and Economic Growth: Evidence from OECD Countries. Journal of Business and Management Sciences, 1(6), 133–138. https://doi.org/10.12691/jbms-1-6-3
  • Alper, F. Ö. (2019). Ekonomik Büyümenin Belirleyicileri: Yapısal Kırılmalar Altında Türkiye Örneği. Fiscaoeconomia, 3(1), 202–227. https://doi.org/10.25295/fsecon.2019.01.008
  • Andrés, J., & Hernando, I. (1999). Does inflation harm economic growth? Evidence from the OECD. In The costs and benefits of price stability (pp. 315-348). University of Chicago Press. http://ideas.repec.org/h/nbr/nberch/7777.html
  • Apergis, N., & Payne, J. E. (2010a). Coal consumption and economic growth: Evidence from a panel of OECD countries. Energy Policy, 38, 1353–1359. https://doi.org/10.1016/j.enpol.2009.11.016
  • Apergis, N., & Payne, J. E. (2010b). Renewable energy consumption and economic growth: Evidence from a panel of OECD countries. Energy Policy, 38, 656–660. https://doi.org/10.1016/j.enpol.2009.09.002
  • Barro, R. J. (1991). Economic Growth in a Cross Section of Countries. The Quarterly Journal of Economics. 106, (2).
  • Barro, R. J. (1995). Inflation and Economic Growth. In National Bureau of Economic Research; NBER Working Paper Series 5326.
  • Bassanini, A., & Scarpetta, S. (2003). The Driving Forces of Economic Growth: Panel Data Evidence for the OECD Countries; OECD Economic Studies 2001/2. https://doi.org/https://doi.org/10.1787/eco_studies-v2001-art10-en
  • Berber, M., & Artan, S. (2004). Enflasyon ve Ekonomik Büyüme İlişkisi: Türkiye Örneği (2004/21; Discussion Paper).
  • Bibi, S., Ahmad, S. T., & Rashid, H. (2014). Impact of Trade Openness, FDI, Exchange Rate and Inflation on Economic Growth: A Case Study of Pakistan. International Journal of Accounting and Financial Reporting, 1(1), 236. https://doi.org/10.5296/ijafr.v4i2.6482
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239–253.
  • Çınar, S. (2010). OECD Ülkelerinde GSYİH Durağan mı? Panel Veri Analizi. Marmara Üniversitesi İ.İ.B.F. Dergisi, 2(29), 591–601.
  • Dupont, J., Guellec, D., & Oliveira Martins, J. (2011). OECD Productivity Growth in the 2000s: A Descriptive Analysis of the Impact of Sectoral Effects and Innovation. OECD Journal: Economic Studies, (1), 1–29. https://doi.org/10.1787/eco_studies-2011-5kgf3281fmtc
  • Eggoh, J. C., & Khan, M. (2014). On the nonlinear relationship between inflation and economic growth. Research in Economics, 68, 133–143. https://doi.org/10.1016/j.rie.2014.01.001
  • Forte, R., & Moura, R. (2013). The effects of foreign direct investment on the host country’s economic growth: Theory and empirical evidence. Singapore Economic Review, 58(3), 1350017-1–28. https://doi.org/10.1142/S0217590813500173
  • Gülmez, A., & Yardımcıoğlu, F. (2012). OECD Ülkelerinde Ar-Ge Harcamaları ve Ekonomik Büyüme İlişkisi: Panel Eş bütünleşme ve Panel Nedensellik Analizi (1990-2010). Maliye Dergisi, 163(1), 335–353.
  • Güvercin, D. (2007). Doğrudan yabancı sermaye yatırımları ekonomik büyüme ilişkisi. Doktora tezi. İstanbul: İstanbul Teknik Üniversitesi.
  • Hausman, J. A. (1978). Specification Tests in Econometrics. Econometrica, 46(6), 1251–1271.
  • Ihrig, J., Kamin, S. B., Lindner, D., & Marquez, J. (2010). Some Simple Tests of the Globalization and Inflation Hypothesis. International Finance, 13(3), 343–375. https://doi.org/10.1111/j.1468-2362.2010.01268.x
  • İzgi, B. B., & Yılmaz, H. (2018). Türkiye’de Ekonomik Büyüme, İhracat ve İthalat: Nedensellik İlişkisi (1992-2016). İktisadi Yenilik Dergisi, 5(2), 54–74.
  • Kaldor, N. (1976). Inflation and Recession in the World Economy. The Economic Journal, 86(344), 703–714. https://doi.org/10.2307/2231447
  • Moulton, B. R., & Randolph, W. C. (1989). Alternative Tests of the Error Components Model. Econometrica, 57(3), 685–693. https://doi.org/10.2307/1911059
  • Pain, N., Koske, I., & Sollie, M. (2006). Globalisation and Inflation in the OECD Economies. OECD Economics Department (524). https://doi.org/10.1017/CBO9780511760594.007
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels (CWPE 0435).
  • Pesaran, M. H. (2007). A Simple Panel Unit Root Test in the Presence of Cross Section Dependence. Journal of Applied Econometrics, 22, 265–312. https://doi.org/10.1002/jae.951 A
  • Pesaran, M. H., Ullah, A., & Yamagata, T. (2008). A bias-adjusted LM test of error cross-section independence. Econometrics Journal, 11, 105–127. https://doi.org/10.1111/j.1368-423X.2007.00227.x
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142, 50–93. https://doi.org/10.1016/j.jeconom.2007.05.010
  • Roeger, W. (2005). International oil price changes: Impact of oil prices on growth and inflation in the EU/OECD. International Economics and Economic Policy, 2(1), 15–32. https://doi.org/10.1007/s10368-005-0027-z
  • Romer, P. M. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy, 94(5), 1002–1037.
  • Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quartely Journal of Economics, 70(1), 65–94. http://www.jstor.org/stable/1884513
  • Tatoğlu, F. Y. (2020). Panel Veri Ekonometrisi- Stata Uygulamalı (5. Baskı). Beta Yayıncılık.
  • Tremblay, R. (1990). The “Export-Import” Effect and Economic Growth. North American Review of Economics and Finance, 1(2), 241–252. https://doi.org/10.1016/1042-752X(90)90018-B
  • Umutlu, G., Yılmaz, F. A., & Günel, S. (2010). Ekonomik Büyüme Farklılıklarının İncelenmesi: OECD Ülkeleri için Bir Uygulama. Sosyal Ekonomik Araştırmalar Dergisi, 11(22), 351–372.
  • Vinayagathasan, T. (2013). Inflation and economic growth: A dynamic panel threshold analysis for Asian economies. Journal of Asian Economics, 26, 31–41. https://doi.org/10.1016/j.asieco.2013.04.001
  • World Bank. (n.d). Data set. (Retrieved: October 27, 2020), https://data.worldbank.org/
  • Yapraklı, S. (2007). Ticari ve Finansal Dışa Açıklık ile Ekonomik Büyüme Arasındaki İlişki: Türkiye Üzerine Bir Uygulama. Istanbul University Econometrics and Statistics E-Journal, 5, 67–89.
  • Yılmaz, Ö., Kaya, V., & Akıncı, M. (2011). Türkiye’de Doğrudan Yabancı Yatırımlar ve Ekonomik Büyümeye Etkisi. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 25(3–4), 13–30. https://doi.org/10.16951/iibd.54554

Examination of Factors Affecting Economic Growth: A Panel Data Analysis for Founding OECD Countries

Yıl 2022, Cilt: 7 Sayı: 2, 263 - 273, 30.12.2022

Ceren Yağcı Aygül Anavatan

Öz

Economic growth is one of the important determinants of the economies of countries. It is important to determine the source of economic growth and to carry out studies in this direction. It is aimed to determine the factors affecting economic growth for the period covering 1990-2020 for the founding OECD countries in this study. In the analysis, the effects of exports, imports, inflation, foreign direct investments, fixed capital formation, labor force participation rate and school enrollment rate variables on economic growth were investigated. The coefficients of exports, imports, inflation, foreign direct investments, and fixed capital formation variables are statistically significant; the coefficients of the labor force participation rate and school enrollment rate variables were found to be insignificant. Panel data analysis techniques were used to determine the relationship between the variables. As a result, it has been found that exports, imports, foreign direct investments, and fixed capital formation increase economic growth and inflation decreases growth.

Anahtar Kelimeler

Economic Growth OECD Panel Data Analysis

Kaynakça

  • Alam, A., Arshad, M. U., & Rajput, W. (2013). Relationship of Labor Productivity, Foreign Direct Investment and Economic Growth: Evidence from OECD Countries. Journal of Business and Management Sciences, 1(6), 133–138. https://doi.org/10.12691/jbms-1-6-3
  • Alper, F. Ö. (2019). Ekonomik Büyümenin Belirleyicileri: Yapısal Kırılmalar Altında Türkiye Örneği. Fiscaoeconomia, 3(1), 202–227. https://doi.org/10.25295/fsecon.2019.01.008
  • Andrés, J., & Hernando, I. (1999). Does inflation harm economic growth? Evidence from the OECD. In The costs and benefits of price stability (pp. 315-348). University of Chicago Press. http://ideas.repec.org/h/nbr/nberch/7777.html
  • Apergis, N., & Payne, J. E. (2010a). Coal consumption and economic growth: Evidence from a panel of OECD countries. Energy Policy, 38, 1353–1359. https://doi.org/10.1016/j.enpol.2009.11.016
  • Apergis, N., & Payne, J. E. (2010b). Renewable energy consumption and economic growth: Evidence from a panel of OECD countries. Energy Policy, 38, 656–660. https://doi.org/10.1016/j.enpol.2009.09.002
  • Barro, R. J. (1991). Economic Growth in a Cross Section of Countries. The Quarterly Journal of Economics. 106, (2).
  • Barro, R. J. (1995). Inflation and Economic Growth. In National Bureau of Economic Research; NBER Working Paper Series 5326.
  • Bassanini, A., & Scarpetta, S. (2003). The Driving Forces of Economic Growth: Panel Data Evidence for the OECD Countries; OECD Economic Studies 2001/2. https://doi.org/https://doi.org/10.1787/eco_studies-v2001-art10-en
  • Berber, M., & Artan, S. (2004). Enflasyon ve Ekonomik Büyüme İlişkisi: Türkiye Örneği (2004/21; Discussion Paper).
  • Bibi, S., Ahmad, S. T., & Rashid, H. (2014). Impact of Trade Openness, FDI, Exchange Rate and Inflation on Economic Growth: A Case Study of Pakistan. International Journal of Accounting and Financial Reporting, 1(1), 236. https://doi.org/10.5296/ijafr.v4i2.6482
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239–253.
  • Çınar, S. (2010). OECD Ülkelerinde GSYİH Durağan mı? Panel Veri Analizi. Marmara Üniversitesi İ.İ.B.F. Dergisi, 2(29), 591–601.
  • Dupont, J., Guellec, D., & Oliveira Martins, J. (2011). OECD Productivity Growth in the 2000s: A Descriptive Analysis of the Impact of Sectoral Effects and Innovation. OECD Journal: Economic Studies, (1), 1–29. https://doi.org/10.1787/eco_studies-2011-5kgf3281fmtc
  • Eggoh, J. C., & Khan, M. (2014). On the nonlinear relationship between inflation and economic growth. Research in Economics, 68, 133–143. https://doi.org/10.1016/j.rie.2014.01.001
  • Forte, R., & Moura, R. (2013). The effects of foreign direct investment on the host country’s economic growth: Theory and empirical evidence. Singapore Economic Review, 58(3), 1350017-1–28. https://doi.org/10.1142/S0217590813500173
  • Gülmez, A., & Yardımcıoğlu, F. (2012). OECD Ülkelerinde Ar-Ge Harcamaları ve Ekonomik Büyüme İlişkisi: Panel Eş bütünleşme ve Panel Nedensellik Analizi (1990-2010). Maliye Dergisi, 163(1), 335–353.
  • Güvercin, D. (2007). Doğrudan yabancı sermaye yatırımları ekonomik büyüme ilişkisi. Doktora tezi. İstanbul: İstanbul Teknik Üniversitesi.
  • Hausman, J. A. (1978). Specification Tests in Econometrics. Econometrica, 46(6), 1251–1271.
  • Ihrig, J., Kamin, S. B., Lindner, D., & Marquez, J. (2010). Some Simple Tests of the Globalization and Inflation Hypothesis. International Finance, 13(3), 343–375. https://doi.org/10.1111/j.1468-2362.2010.01268.x
  • İzgi, B. B., & Yılmaz, H. (2018). Türkiye’de Ekonomik Büyüme, İhracat ve İthalat: Nedensellik İlişkisi (1992-2016). İktisadi Yenilik Dergisi, 5(2), 54–74.
  • Kaldor, N. (1976). Inflation and Recession in the World Economy. The Economic Journal, 86(344), 703–714. https://doi.org/10.2307/2231447
  • Moulton, B. R., & Randolph, W. C. (1989). Alternative Tests of the Error Components Model. Econometrica, 57(3), 685–693. https://doi.org/10.2307/1911059
  • Pain, N., Koske, I., & Sollie, M. (2006). Globalisation and Inflation in the OECD Economies. OECD Economics Department (524). https://doi.org/10.1017/CBO9780511760594.007
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels (CWPE 0435).
  • Pesaran, M. H. (2007). A Simple Panel Unit Root Test in the Presence of Cross Section Dependence. Journal of Applied Econometrics, 22, 265–312. https://doi.org/10.1002/jae.951 A
  • Pesaran, M. H., Ullah, A., & Yamagata, T. (2008). A bias-adjusted LM test of error cross-section independence. Econometrics Journal, 11, 105–127. https://doi.org/10.1111/j.1368-423X.2007.00227.x
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142, 50–93. https://doi.org/10.1016/j.jeconom.2007.05.010
  • Roeger, W. (2005). International oil price changes: Impact of oil prices on growth and inflation in the EU/OECD. International Economics and Economic Policy, 2(1), 15–32. https://doi.org/10.1007/s10368-005-0027-z
  • Romer, P. M. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy, 94(5), 1002–1037.
  • Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quartely Journal of Economics, 70(1), 65–94. http://www.jstor.org/stable/1884513
  • Tatoğlu, F. Y. (2020). Panel Veri Ekonometrisi- Stata Uygulamalı (5. Baskı). Beta Yayıncılık.
  • Tremblay, R. (1990). The “Export-Import” Effect and Economic Growth. North American Review of Economics and Finance, 1(2), 241–252. https://doi.org/10.1016/1042-752X(90)90018-B
  • Umutlu, G., Yılmaz, F. A., & Günel, S. (2010). Ekonomik Büyüme Farklılıklarının İncelenmesi: OECD Ülkeleri için Bir Uygulama. Sosyal Ekonomik Araştırmalar Dergisi, 11(22), 351–372.
  • Vinayagathasan, T. (2013). Inflation and economic growth: A dynamic panel threshold analysis for Asian economies. Journal of Asian Economics, 26, 31–41. https://doi.org/10.1016/j.asieco.2013.04.001
  • World Bank. (n.d). Data set. (Retrieved: October 27, 2020), https://data.worldbank.org/
  • Yapraklı, S. (2007). Ticari ve Finansal Dışa Açıklık ile Ekonomik Büyüme Arasındaki İlişki: Türkiye Üzerine Bir Uygulama. Istanbul University Econometrics and Statistics E-Journal, 5, 67–89.
  • Yılmaz, Ö., Kaya, V., & Akıncı, M. (2011). Türkiye’de Doğrudan Yabancı Yatırımlar ve Ekonomik Büyümeye Etkisi. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 25(3–4), 13–30. https://doi.org/10.16951/iibd.54554
Toplam 37 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Ekonomi
Bölüm Araştırma Makalesi
Yazarlar

Ceren Yağcı Bu kişi benim 0000-0003-1256-7728

Aygül Anavatan 0000-0003-0130-9555

Yayımlanma Tarihi 30 Aralık 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 7 Sayı: 2

Kaynak Göster

APA Yağcı, C., & Anavatan, A. (2022). Ekonomik Büyümeyi Etkileyen Faktörlerin İncelenmesi: Kurucu OECD Ülkeleri İçin Panel Veri Analizi. JOEEP: Journal of Emerging Economies and Policy, 7(2), 263-273.
 Kapak Resmi İndir

The sole purpose of JOEEP is to be a prestigious journal which contributes to scientific knowledge. In order to keep this purpose, JOEEP, adopts and follows the publication policies of world’s prestigious scientific journals. All original and qualified works which may contribute to the scientific knowledge, are evaluated through a rigorous editorial and peer review process. Hereby, JOEEP is a peer reviewed and scientific journal. It strictly depends on the scientific principles, rules and ethical framework that are required to this qualification.

JOEEP is published as two issues per year June and December and all publication policies and processes are conducted according to the international standards. JOEEP accepts and publishes the research articles in the fields of economics, political economy, fiscal economics, applied economics, business economics, labour economics and econometrics. JOEEP, without depending on any institution or organization, is a non-profit journal that has an International Editorial Board specialist on their fields. All “Publication Process” and “Writing Guidelines” are explained in the related title and it is expected from authors to Show a complete match to the rules. JOEEP is an open Access journal.