Financial Deepening And Poverty Reduction in E7 Countries: Panel Bootsrap Causality

Yıl 2019, , 508 - 521, 22.01.2019

Günay Özcan , İbrahim Özmen

https://doi.org/10.21547/jss.457377

Cited By: 1

Öz

In this study, it is
aimed to investigate the causality linkage between financial deepening and
poverty in the E7 countries for the periods of 2001-2006. The causality linkage
the variable was tested using the bootstrap panel Granger causality analysis.
The results show that the trickle down hypothesis is valid only in one of the
E7 countries, whereas the complementary hypothesis is valid in three of the E7
countries. These results imply one way causality from private sector credits
(DC) to poverty and from poverty to money supply (M2Y).

Anahtar Kelimeler

Financial deepening, Poverty, Trickle down, E7 Countries, Bootstrap panel causality

E7 Ülkelerinde Finansal Derinleşme ve Yoksulluk İlişkisi: Bootstrap Panel Nedensellik Analizi

Öz

Bu çalışmada, E7
ülkelerinde finansal derinleşme ve yoksulluk arasındaki nedensellik ilişkisinin
2001-2016 dönemleri için araştırılması amaçlanmaktadır. Değişkenler arasındaki
nedensellik ilişkinin test edilmesinde bootsrap panel Granger nedensellik
analizi kullanılmıştır. Elde edilen sonuçlar trickle down hipotezinin (damlama
hipotezinin) sadece bir ülkede geçerli olduğunu diğer yandan tamamlayıcılık
hipotezinin (complementary hypothesis) ise üç ülkede geçerli olduğunu
göstermektedir. Bu sonuçlar özel sektör kredilerinden (DC) yoksulluğa doğru tek
yönlü, yoksulluktan para arzına (M2Y) doğru tek yönlü nedensellik ilişkisini
ifade etmektedir.

Anahtar Kelimeler

Finansal derinlik, Yoksulluk, Trickle down, E7 Ülkeleri, Bootstrap panel nedensellik

Kaynakça

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