Gelişmekte Olan Ülkeler İçin Finansal Gelişim İle Ekonomik Büyüme Arasındaki İlişki: Panel Nedensellik Analizi

Yıl 2019, Cilt: 27 Sayı: 42, 87 - 106, 31.10.2019

Filiz Erataş-sönmez , Yağmur Sağlam

https://doi.org/10.17233/sosyoekonomi.2019.04.05

Cited By: 9

Öz

Bu çalışmanın amacı, gelişmekte olan ülkeler için finansal gelişim ve ekonomik büyüme arasındaki ilişkinin incelenmesidir. Bu bağlamda finansal gelişimi temsil eden finansal gelişmişlik indeksi ile ekonomik büyüme değişkenleri kullanılarak ekonometrik bir model oluşturulmuştur. Finansal sistemin karmaşık yapısı dikkate alınarak, ampirik model kapsamında, dinamik durağan olmayan panel veri analizinden yararlanılmıştır. Analize konu olan ülke grubu için uzun dönemde, finansal gelişmişlikten ekonomik büyümeye doğru tek yönlü bir nedensellik ilişkisinin olduğu sonucuna ulaşılmıştır. Elde edilen bulgular, finansal gelişimin ekonomik büyümeyi olumlu etkilediğini savunan arz çekişli yaklaşımı desteklemektedir.

Anahtar Kelimeler

Finansal Gelişme, Finansal Gelişmişlik İndeksi, Ekonomik Büyüme, Panel Veri Analizi, Panel Nedensellik Analizi

The Relationship between Financial Development and Economic Growth for Developing Countries: Panel Causality Analysis

Öz

The study aims to examine the relationship between financial development and economic growth in developing countries. In this context, an econometric model has been formed using the financial development index and economic growth variables. Due to the complex nature of the financial system, non-stationary panel data analysis is employed in the empirical model. In the long run, a one-way causality relationship from financial development to economic growth is observed. The findings are in line with the supply-driven approach, which argues for that financial development positively affects economic growth.

Anahtar Kelimeler

Financial Development, Financial Development Index, Economic Growth, Panel Data Analysis, Panel Causality Analysis

Kaynakça

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