Niğde Ömer Halisdemir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 2687-5306 Niğde Ömer Halisdemir Üniversitesi 10.56574/nohusosbil.1570068 Time-Series Analysis Institutional Economics Theory Zaman Serileri Analizi Kurumsal İktisat Teorisi KURUMSAL YAPI VE FİNANSAL GELİŞME İLİŞKİSİ: TÜRKİYE ÖRNEĞİ RELATIONSHIP BETWEEN INSTITUTIONAL QUALITY AND FINANCIAL DEVELOPMENT: THE CASE OF TÜRKİYE https://orcid.org/0000-0003-4291-2764 Yücel Fatih NİĞDE ÖMER HALİSDEMİR ÜNİVERSİTESİ https://orcid.org/0000-0003-2599-8586 Budak Biçer Hilal NİĞDE ÖMER HALİSDEMİR ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ, İKTİSAT BÖLÜMÜ, İKTİSAT PR. 12 28 2024 6 2 290 303 10 18 2024 11 01 2024 Copyright © 2019, Niğde Ömer Halisdemir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 2019 Niğde Ömer Halisdemir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

Kurumsal yapı, üretim ve değişim faaliyetlerini biçimlendirmesi aracılığıyla makroekonomik performans üzerinde etkili olmaktadır. Kurumsal yapının ekonomi üzerinde etkilerinin değerlendirilmesi hükümet politikalarının belirlenmesinde önem arz etmektedir. Ekonomik büyümeye verilen önemle birlikte kaynak yaratılması açısından finansal gelişme konusu açısında dikkat çekmektedir. Kurumsal yapıdaki olumlu değişmelerin makroekonomik performans üzerinde olumlu etkisi olduğuna dair ulusal ve uluslararası literatürde çok sayıda çalışma bulunmaktadır. Bu çalışmada, kurumsal yapı ve finansal gelişme ilişkisi Türkiye için 1995-2020 yılları arasını kapsayan döneme ait verilerle incelemek amaçlanmıştır. Analize ilk olarak Phillips Perron birim kök testi uygulanmış, serilerin birim kök içerdiği tespit edilmiştir. Eşbütünleşme ilişkisini tespit etmek için Johansen eşbütünleşme testi uygulanmış ve seriler arasında eşbütünleşme bulunmadığı saptanmıştır. Birinci farkında durağan olan ve eşbütünleşme ilişkisi barındırmayan serilere VAR Analizi uygulanmıştır. Etki-tepki analizleri ve varyans ayrıştırması yorumlamaları ile finansal gelişmenin kurumsal kalite ve ekonomik büyümeden pozitif olarak etkilendiği sonucuna varılmıştır.

Institutional quality has an impact on macroeconomic performance through shaping production and exchange activities. Evaluating the effects of institutional structure on the economy is important in determining government policies. Along with the importance given to economic growth, financial development attracts attention in terms of resource creation. There are many studies in national and international literature on the positive effects of positive changes in institutional structure on macroeconomic performance. In this study, it is aimed to examine the relationship between institutional structure and financial development with data from the period between 1995 and 2020 for Turkey. First, the Phillips Perron unit root test was applied to the analysis, and it was determined that the series contained a unit root. In order to determine the cointegration relationship, the Johansen cointegration test was applied, and it was determined that there was no cointegration between the series. VAR Analysis was applied to the series that were stationary in the first difference and did not have a cointegration relationship. It was concluded that financial development was positively affected by institutional quality and economic growth with the impact-response analyses and variance decomposition interpretations.

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