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Ekonomik Büyümenin Belirleyicileri: Sınır Testi Yaklaşımı

Yıl 2013, Cilt: 1 Sayı: 1, 75 - 91, 01.01.2013

Öz

Bu çalışmada, yabancı doğrudan yatırımlar ve ihracatın, Türkiye’nin ekonomik büyümesine etkileri, 1992:Q1-2012:Q3 dönemi verileri kullanılarak, sınır testi yaklaşımıyla analiz edilmiştir. Yapılan analiz sonucunda, serilerin eşbütünleşik olduğu tespit edilmiştir. Elde edilen ampirik bulgulara göre; ihracatın ekonomik büyüme üzerindeki etkisi istatistikî olarak anlamlıdır, yabancı doğrudan yatırımların ise ekonomik büyüme üzerindeki etkisi pozitif fakat istatistikî olarak anlamlı değildir. Modelin hata düzeltme mekanizması çalışmaktadır.

Kaynakça

  • Aktaş, Cengiz (2009), “Türkiye’nin İhracat, İthalat ve Ekonomik Büyüme Arasındaki Nedensellik Analizi ”, Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 18(2), s. 35-47.
  • Değer, M. Kemal ve Ö. Selçuk EMSEN (2006), “Geçiş Ekonomilerinde Doğrudan Yabancı Sermaye Yatırımları ve Ekonomik Büyüme İlişkileri: Panel Veri Analizleri (1990-2002)”, C.Ü. İktisadi ve İdari Bilimler Dergisi, 7(2).
  • Deloitte (2011), Türkiye Otomotiv Sektörü Raporu.
  • Engel, D. ve V. Procher (2012), “Export, FDI and Firm Productivity”, Applied Economics, 44, p. 1931–1940.
  • Engle, Robert F. ve C. W. J. Granger (1987) “Cointegration and Error Correction: Representation, Estimation, and Testing”, Econometrica, 55( 2), p. 251-276.
  • Giles, Judith A. ve Cara L. Williams (2000), “Export-Led Growth: A Survey of the Empirical Literature and Some Non-Causality Results”, Journal of International Trade and Economic Development, 9(3), p. 261-337.
  • GÖÇER, İsmet, Şahin Bulut ve M. Metin Dam (2012), “Doğrudan Yabancı Yatırımların Turkiye’nin İhracat Performansına Etkileri: Ekonometrik Bir Analiz”, Business and Economics Research Journal, 3(2), s. 21- 40.
  • Gujarati, Domador N. (1999), Basic Econometrics, Mc Graw Hill, Literatür Yayıncılık, 3 rd edition, İstanbul.
  • Guru-Gharana, Kishor K. (2012), “Relationships Among Export, FDI and Growth in India: An Application of Auto Regressive Distributed Lag (ARDL) Journal of International Business Research, 11(1). Testing Approach”
  • Johansen, Soren (1988), “Statistical Analysis of Cointegration Vectors”, Journal of Economic Dynamics and Control, 12, p. 231-254.
  • Johansen, Soren ve Katarina Juselius (1990), “Maximum Likelihood Estimation and Inference on Cointegration with Application to the Demand for Money”, Oxford Bulletin of Economic and Statistics, 52, p. 169-210.
  • Johnston, J. ve J. Dınardo (1997), Econometric Methods, Fourth Edition, Mc Graw-Hill Companies, United States.
  • Katırcıoglu, Salih (2009), “Foreign Direct Investment And Economic Growth In Turkey: an Empirical Investigation By The Bounds Test For Co-Integration And Causality Tests”, Izvorni Znanstveni Rad, UDK 339.727.22:338.1(560).
  • Lipsey, Robert E. (2002) “Home and Host Country Effects of FDI”, NBER, Working Paper, No: 9293.
  • Liu, Xiaohui, Chang SHU ve Peter SINCLAIR (2009), “Trade, Foreign Direct Investment and Economic Growth in Asian Economies”, Applied Economics, 2009, 41, p. 1603–1612.
  • Lucas, Robert E. Jr. (1988), “On the Mechanics of Economic Development”, Journal of Monetary Economics, 22, p. 3-42.
  • Miankhel, Adil Khan, Shandre Mugan Thangavelu ve Kaliappa Kalirajan (2009), “Foreign Direct Investment, Exports, and Economic Growth in Selected Emerging Countries: Multivariate VAR Analysis”, http://ssrn.com/abstract=1526387, 11.10.2012
  • Moschos, Demetrios (1989), “Export, Expansion, Growth and the Level of Economic Development: An Empirical Analysis”, Journal of Development Economics, 30, p. 93-102.
  • Narayan, Paresh Kumar ve Sema Narayan (2004), “Estimating Income and Price Elasticities of Imports for Fiji in a Cointegration Framework”, Economic Modelling, 22, p. 423-438.
  • Özcan, Burcu ve Ayşe Arı, (2010), “Doğrudan Yabancı Yatırımların Belirleyicileri Üzerine Bir Analiz: OECD Örneği”, Ekonometri ve İstatistik, 12, s. 65–88.
  • Panas, Epaminondas ve George Vamvoukas (2002), “Further Evidence on the Export-Led Growth Hypothesis”, Applied Economics Letters, 9, p. 731-735.
  • Papaioannou, Sotiris K. (2004), “FDI and ICT Innovation Effects on Productivity Growth: A Comparison between Developing and Developed Countries”, http://www.fep.up.pt/conferences/earie2005/cdrom/Session%20II/II./p apaioannou.pdf, 22.10.2012.
  • Parikh, Ashok ve Corneliu Stirbu (2004) “ Relationship Between Trade Liberalisation, An.Econopmetric.Investigation”, Http://Www.Hwwa.De/Publikationen/Discussion_Paper/2004/282.Pdf , 11/10/2012. Growth and Trade Balance
  • Peker, Osman ve İsmet Göçer (2010), “Yabancı Doğrudan Yatırımların Türkiye’deki İşsizliğe Etkisi: Sınır Testi Yaklaşımı”, Ege Akademik Bakış, 10(4), s. 1187-1194.
  • Pesaran, M. Hashem, Yongcheol Shin ve Richard J. Smith (2001), “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometrics, 16, p. 289-326.
  • Ray, Sarbapriya (2012), “Impact of Foreign Direct Investment on Economic Growth in India: A Co integration Analysis”, Advances in Information Technology and Management, 2(1), p. 187-201.
  • Romer, Paul M. (1989), “Human Capital and Growth: Theory and Evidence”, NBER Working Papers, No:3173.
  • Romer, Paul (1993), “Idea Gaps and Object Gaps in Economic Development”, Journal of Monetary Economics, 32 (3), p. 543-573
  • Suzuki, Yui (2012), “Binding Constraint on Economic Growth Under Exportoriented Economics, 44, p. 2569–2576. and
  • Globalization”, Applied
  • Şimşek, Muammer ve Cem Kadılar (2010), “Türkiye’de Beşeri Sermaye, İhracat ve Ekonomik Büyüme Arasındaki İlişkinin Nedensellik Analizi”, C.Ü. İktisadi ve İdari Bilimler Dergisi, 11(1).
  • Taban, Sami ve İsmail Aktar (2005), “An Empirical Examination Of The Export Led-Growth Hypothesis In Turkey”, First International Conference On Business, Management And Economics, Yaşar Üniversitesi, İzmir.
  • TCMB, http://evds.tcmb.gov.tr, 07/06/2012. Unctadstat (2012)
  • Http://stats.unctad.org/FDI/ReportFolders/asp, 01/06/2012.
  • Varamini, Hossein ve Svetlana Kalash (2010), “Foreign Direct Investment Inflows, Economic Growth, and Trade Balances: The Experience of the New Members of the European Union”, Journal of East-West Business, 16(1), p. 4-23.
  • Vergil, Hasan ve Necla Ayaş (2009), “Doğrudan Yabancı Yatırımlarının İstihdam Üzerindeki Etkileri: Türkiye Örneği”, İktisat İşletme ve Finans Dergisi, 275, s. 89-114.
  • Vu, Tam Bang ve Ilan Noy (2008), “Sectoral Analysis of Foreign Direct Investment and Growth in the Developed Countries”, Journal of International Financial Merkets, Institutions & Money, 19(2), p. 402- 413.
  • Wang, Miao and M. C. Sunny Wong (2009), “Foreign Direct Investment and Economic Growth: the Growth Accounting Perspective”, Economic Inquiry, 47(4), p.701-710.
  • Yao, Shujie (2006), “On economic growth, FDI and exports in China”, Applied Economics, 38, p. 339–351.
  • Yapraklı, Sevda (2006), “Türkiye’de Doğrudan Yabancı Yatırımların Ekonomik Belirleyicileri Üzerine Ekonometrik Bir Analiz”, D.E.Ü.İ.İ.B.F. Dergisi, 21(2), s. 23-48.
  • Yılmazer, Mine (2010), “Doğrudan Yabancı Yatırımlar, Dış Ticaret ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Deneme”, Celal Bayar Üniversitesi S.B.E, Sosyal Bilimler Dergisi, 8(1).

Determinants of Economic Growth: Bounds Testing Approach

Yıl 2013, Cilt: 1 Sayı: 1, 75 - 91, 01.01.2013

Öz

In this study, the effects of foreign direct investments and exports on Turkey’s economic growth are analyzed via bounds testing approach by using 1992:Q12012:Q3 period data. According to empirical findings, series were found to be cointegrated. In the long and short run analysis, the effect of export on the economic growth is statistically significant; however effect of foreign direct investment on the economic growth is positive but statistically insignificant. The model’s error correction mechanism has been worked

Kaynakça

  • Aktaş, Cengiz (2009), “Türkiye’nin İhracat, İthalat ve Ekonomik Büyüme Arasındaki Nedensellik Analizi ”, Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 18(2), s. 35-47.
  • Değer, M. Kemal ve Ö. Selçuk EMSEN (2006), “Geçiş Ekonomilerinde Doğrudan Yabancı Sermaye Yatırımları ve Ekonomik Büyüme İlişkileri: Panel Veri Analizleri (1990-2002)”, C.Ü. İktisadi ve İdari Bilimler Dergisi, 7(2).
  • Deloitte (2011), Türkiye Otomotiv Sektörü Raporu.
  • Engel, D. ve V. Procher (2012), “Export, FDI and Firm Productivity”, Applied Economics, 44, p. 1931–1940.
  • Engle, Robert F. ve C. W. J. Granger (1987) “Cointegration and Error Correction: Representation, Estimation, and Testing”, Econometrica, 55( 2), p. 251-276.
  • Giles, Judith A. ve Cara L. Williams (2000), “Export-Led Growth: A Survey of the Empirical Literature and Some Non-Causality Results”, Journal of International Trade and Economic Development, 9(3), p. 261-337.
  • GÖÇER, İsmet, Şahin Bulut ve M. Metin Dam (2012), “Doğrudan Yabancı Yatırımların Turkiye’nin İhracat Performansına Etkileri: Ekonometrik Bir Analiz”, Business and Economics Research Journal, 3(2), s. 21- 40.
  • Gujarati, Domador N. (1999), Basic Econometrics, Mc Graw Hill, Literatür Yayıncılık, 3 rd edition, İstanbul.
  • Guru-Gharana, Kishor K. (2012), “Relationships Among Export, FDI and Growth in India: An Application of Auto Regressive Distributed Lag (ARDL) Journal of International Business Research, 11(1). Testing Approach”
  • Johansen, Soren (1988), “Statistical Analysis of Cointegration Vectors”, Journal of Economic Dynamics and Control, 12, p. 231-254.
  • Johansen, Soren ve Katarina Juselius (1990), “Maximum Likelihood Estimation and Inference on Cointegration with Application to the Demand for Money”, Oxford Bulletin of Economic and Statistics, 52, p. 169-210.
  • Johnston, J. ve J. Dınardo (1997), Econometric Methods, Fourth Edition, Mc Graw-Hill Companies, United States.
  • Katırcıoglu, Salih (2009), “Foreign Direct Investment And Economic Growth In Turkey: an Empirical Investigation By The Bounds Test For Co-Integration And Causality Tests”, Izvorni Znanstveni Rad, UDK 339.727.22:338.1(560).
  • Lipsey, Robert E. (2002) “Home and Host Country Effects of FDI”, NBER, Working Paper, No: 9293.
  • Liu, Xiaohui, Chang SHU ve Peter SINCLAIR (2009), “Trade, Foreign Direct Investment and Economic Growth in Asian Economies”, Applied Economics, 2009, 41, p. 1603–1612.
  • Lucas, Robert E. Jr. (1988), “On the Mechanics of Economic Development”, Journal of Monetary Economics, 22, p. 3-42.
  • Miankhel, Adil Khan, Shandre Mugan Thangavelu ve Kaliappa Kalirajan (2009), “Foreign Direct Investment, Exports, and Economic Growth in Selected Emerging Countries: Multivariate VAR Analysis”, http://ssrn.com/abstract=1526387, 11.10.2012
  • Moschos, Demetrios (1989), “Export, Expansion, Growth and the Level of Economic Development: An Empirical Analysis”, Journal of Development Economics, 30, p. 93-102.
  • Narayan, Paresh Kumar ve Sema Narayan (2004), “Estimating Income and Price Elasticities of Imports for Fiji in a Cointegration Framework”, Economic Modelling, 22, p. 423-438.
  • Özcan, Burcu ve Ayşe Arı, (2010), “Doğrudan Yabancı Yatırımların Belirleyicileri Üzerine Bir Analiz: OECD Örneği”, Ekonometri ve İstatistik, 12, s. 65–88.
  • Panas, Epaminondas ve George Vamvoukas (2002), “Further Evidence on the Export-Led Growth Hypothesis”, Applied Economics Letters, 9, p. 731-735.
  • Papaioannou, Sotiris K. (2004), “FDI and ICT Innovation Effects on Productivity Growth: A Comparison between Developing and Developed Countries”, http://www.fep.up.pt/conferences/earie2005/cdrom/Session%20II/II./p apaioannou.pdf, 22.10.2012.
  • Parikh, Ashok ve Corneliu Stirbu (2004) “ Relationship Between Trade Liberalisation, An.Econopmetric.Investigation”, Http://Www.Hwwa.De/Publikationen/Discussion_Paper/2004/282.Pdf , 11/10/2012. Growth and Trade Balance
  • Peker, Osman ve İsmet Göçer (2010), “Yabancı Doğrudan Yatırımların Türkiye’deki İşsizliğe Etkisi: Sınır Testi Yaklaşımı”, Ege Akademik Bakış, 10(4), s. 1187-1194.
  • Pesaran, M. Hashem, Yongcheol Shin ve Richard J. Smith (2001), “Bounds Testing Approaches to the Analysis of Level Relationships”, Journal of Applied Econometrics, 16, p. 289-326.
  • Ray, Sarbapriya (2012), “Impact of Foreign Direct Investment on Economic Growth in India: A Co integration Analysis”, Advances in Information Technology and Management, 2(1), p. 187-201.
  • Romer, Paul M. (1989), “Human Capital and Growth: Theory and Evidence”, NBER Working Papers, No:3173.
  • Romer, Paul (1993), “Idea Gaps and Object Gaps in Economic Development”, Journal of Monetary Economics, 32 (3), p. 543-573
  • Suzuki, Yui (2012), “Binding Constraint on Economic Growth Under Exportoriented Economics, 44, p. 2569–2576. and
  • Globalization”, Applied
  • Şimşek, Muammer ve Cem Kadılar (2010), “Türkiye’de Beşeri Sermaye, İhracat ve Ekonomik Büyüme Arasındaki İlişkinin Nedensellik Analizi”, C.Ü. İktisadi ve İdari Bilimler Dergisi, 11(1).
  • Taban, Sami ve İsmail Aktar (2005), “An Empirical Examination Of The Export Led-Growth Hypothesis In Turkey”, First International Conference On Business, Management And Economics, Yaşar Üniversitesi, İzmir.
  • TCMB, http://evds.tcmb.gov.tr, 07/06/2012. Unctadstat (2012)
  • Http://stats.unctad.org/FDI/ReportFolders/asp, 01/06/2012.
  • Varamini, Hossein ve Svetlana Kalash (2010), “Foreign Direct Investment Inflows, Economic Growth, and Trade Balances: The Experience of the New Members of the European Union”, Journal of East-West Business, 16(1), p. 4-23.
  • Vergil, Hasan ve Necla Ayaş (2009), “Doğrudan Yabancı Yatırımlarının İstihdam Üzerindeki Etkileri: Türkiye Örneği”, İktisat İşletme ve Finans Dergisi, 275, s. 89-114.
  • Vu, Tam Bang ve Ilan Noy (2008), “Sectoral Analysis of Foreign Direct Investment and Growth in the Developed Countries”, Journal of International Financial Merkets, Institutions & Money, 19(2), p. 402- 413.
  • Wang, Miao and M. C. Sunny Wong (2009), “Foreign Direct Investment and Economic Growth: the Growth Accounting Perspective”, Economic Inquiry, 47(4), p.701-710.
  • Yao, Shujie (2006), “On economic growth, FDI and exports in China”, Applied Economics, 38, p. 339–351.
  • Yapraklı, Sevda (2006), “Türkiye’de Doğrudan Yabancı Yatırımların Ekonomik Belirleyicileri Üzerine Ekonometrik Bir Analiz”, D.E.Ü.İ.İ.B.F. Dergisi, 21(2), s. 23-48.
  • Yılmazer, Mine (2010), “Doğrudan Yabancı Yatırımlar, Dış Ticaret ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Deneme”, Celal Bayar Üniversitesi S.B.E, Sosyal Bilimler Dergisi, 8(1).
Toplam 41 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Yazarlar

İsmet Göçer Bu kişi benim

Yayımlanma Tarihi 1 Ocak 2013
Yayımlandığı Sayı Yıl 2013 Cilt: 1 Sayı: 1

Kaynak Göster

ISNAD Göçer, İsmet. “Ekonomik Büyümenin Belirleyicileri: Sınır Testi Yaklaşımı”. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi 1/1 (Ocak2013), 75-91.