Cilt 9 Sayı 2 (2021): Business & Management Studies: An International Journal
Makaleler

OECD üyesi ülkelerde finansal gelişme ve ekonomik büyüme ilişkisinin panel nedensellik analizi

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  • Sevilay Küçüksakarya
Sevilay Küçüksakarya
Dr. Öğr. Üyesi, Anadolu Üniversitesi
DOI: https://doi.org/10.15295/bmij.v9i2.1817

Yayınlanmış 2021-06-25

Anahtar Kelimeler

  • Finansal Gelişme,
  • Ekonomik Büyüme,
  • Yatay Kesit Bağımlılığı ,
  • İkinci Nesil Panel Birim Kök Testleri,
  • Panel Eşbütünleşme,
  • Panel Nedensellik
    • ...Daha fazla
    Daha az
  • Financial Development,
  • Economic Growth,
  • Cross-sectional Dependence,
  • Second Generation Panel Unit Root Tests,
  • Panel Cointegration,
  • Panel Causality
    • ...Daha fazla
    Daha az

Nasıl Atıf Yapılır

Küçüksakarya, S. . (2021). OECD üyesi ülkelerde finansal gelişme ve ekonomik büyüme ilişkisinin panel nedensellik analizi. Business & Management Studies: An International Journal, 9(2), 662–672. https://doi.org/10.15295/bmij.v9i2.1817

Telif Hakkı (c) 2021 Sevilay Küçüksakarya

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Özet

Bu çalışma, finansal gelişme ile ekonomik büyüme arasındaki ilişkiyi incelemektedir. Çalışmada, Dumitrescu Hurlin Testinin panel granger nedensellik testini kullanarak, finansal gelişme ile kişi başına GSYİH büyümesi arasındaki nedenselliğin yönüne ilişkin ampirik kanıtlar bulmak amaçlanmıştır. Bu amaçla, 2008-2019 dönemi için 16 OECD ülkesinden oluşan bir panel kullanılmıştır. Analizler 16 OECD ülkesinin tamımı için yapıldığı gibi; bu grupta yer alan gelişmiş ve gelişmekte olan ülkeler için de tekrarlanmıştır. Bu sayede arz öncüllü hipotezin mi yoksa talep takipli hipotezin mi geçerliği olduğu araştırılmıştır. Analizlerde önce ülkeler arasında hem değişkenler için hem de model bazında yatay kesit bağımlılığının varlığı araştırılmış ve yatay kesit bağımlılığı nedeniyle, ikinci nesil panel birim kök testlerinden CIPS yardımıyla değişkenlerin bütünleşme dereceleri belirlenmiştir. Değişkenler arasındaki nedensel ilişkinin yönünü belirlemek için Dumitrescu-Hurlin (2012) tarafından geliştirilmiş panel nedensellik testi uygulanmıştır. Nedensellik test sonuçları alt ülke grupları itibariyle iki değişken arasında çift yönlü nedensellik gösterirken; yüksek gelir grubuna sahip ülkeler için arz öncüllü hipotezin geçerli olduğunu göstermektedir. Test sonuçları farklı ülke grupları ve tüm ülkeler söz konusu olduğunda farklı sonuçlar gösterdiği için politika önerileri de buna göre farklılaşacaktır.

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