FİNANSAL GELİŞME VE EKONOMİK BÜYÜME İLİŞKİSİ: TÜRKİYE ÖRNEĞİ

Yıl 2020, Cilt: 13 Sayı: 2, 130 - 140, 31.12.2020

N.serap Vurur

Öz

Bu çalışmada Türkiye ekonomisine ilişkin veriler 2010:01-2019:3 döneminde yurtiçi kredi hacmi, Borsa İstanbul büyüme oranı, kapasite kullanım büyüme oranı ve ihracat ve ithalat büyüme oranları değişkenleri ile finansal gelişme ekonomik büyüme ilişkisini ortaya koyabilmek için amprik analiz yapılmıştır. Amprik analizde ARDL eşbütünleşme yaklaşımı ile değişkenler arasındaki uzun dönem ilişkinin varlığı ortaya konmuştur. Kısa dönem ilişki ve ilişkinin yönünün ortaya konması için ise Toda Yamamoto nedensellik analizi yapılmıştır. Analiz sonuçları yurt içi kredi hacminin kapasite kullanım oranlarındaki büyümenin nedeni olduğunu göstermektedir. Aynı zamanda yurtiçi kredi hacminin sanayi üretim endeksindeki büyüme oranı ve Borsa İstanbul endeksindeki büyüme oranıyla çift yönlü nedensellik ilişkisi olduğu görülmektedir.

Anahtar Kelimeler

Finansal GElişme, Ekonomik Büyüme, ARDL Eşbütünleşme, Toda Yamamoto Nedensellik Testi

Kaynakça

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