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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
Bölüm Research Article
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 (Ocak 2013), 75-91.