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Türkiye'de Finansal Gelişme ve İktisadi Büyüme Arasındaki Nedenselliğin Ampirik Bir Analizi

An Empirical Causality Analysis of Financial Development and Economic Growth in Turkey

Journal Name:

  • Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Publication Year:

  • 2008

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
This paper examines the relationship between financial development and economic growth using Granger causality tests based on vector error correction models (VECM). In thispaper, the competing hypotheses of “demand-following” versus “supply-leading” are empirically tested over the period of 1970-2006. Test results show that there is a bi-directional causality between financial development and economic growth. Furthermore, the results support both demandfollowing and supply-leading hypothesis for Turkey.
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Abstract (Original Language): 
Bu çalisma, Türkiye'de finansal gelisme ve iktisadi büyüme arasindaki iliskiyi hata düzeltme modeline dayali Granger nedensellik analizi çerçevesinde ele almaktadir. 1970-2006 dönemini kapsayan yillik verilerden hareketle “talep-izleyici” ve “arz-öncü” hipotezler sinanmistir. Uygulama sonuçlari, Türkiye'de iktisadi büyüme ve finansal gelisme arasinda çift yönlü bir nedenselligin oldugunu göstermekte ve her iki hipotezi de destekleyici kanitlar sunmaktadir.
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  • 2
113-127
  • Turkish

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