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FİNANSAL KALKINMA, TİCARİ AÇIKLIK VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: TÜRKİYE ÜZERİNE BİR ANALİZ

THE RELATIONSHIP BETWEEN FINANCIAL DEVELOPMENT, TRADE OPENNESS AND ECONOMIC GROWTH: AN ANALYSIS ON TURKEY

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Abstract (2. Language): 
In this study, the relationship between financial development, trade openness and economic growth has been estimated by utilizing annual data for the Turkish economy over the period 1970- 2007. Relationships between variables have been investigated by employing Johansen-Juselius Cointegration and VAR Causality analyses. Econometric analyses indicate that there are one-way causality relation running from financial development to economic growth between financial development and economic growth, and two-way causality relation between trade openness and economic Growth in Turkish economy.
Abstract (Original Language): 
Bu çalışmada, finansal kalkınma ve ticari açıklık ile ekonomik büyüme ilişkisi, 1970-2007 dönemini kapsayan yıllık verilerle Türkiye ekonomisi için tahmin edilmiştir. Değişkenler arasındaki ilişkiler Johansen-Juselius Koentegrasyon ve VAR Nedensellik analizleri kullanılarak araştırılmıştır. Ekonometrik analizler, Türkiye ekonomisinde, finansal kalkınma ile ekonomik büyüme arasında, finansal kalkınmadan ekonomik büyümeye doğru olmak üzere tek yönlü, ticari açıklık ile ekonomik büyüme arasında ise çift yönlü bir nedensellik ilişkisi olduğunu göstermiştir.
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