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SABİT SERMAYE YATIRIMLARI VE EKONOMİK BÜYÜME İLİŞKİSİ: PANEL NEDENSELLİK ANALİZİ

RELATIONSHIP GROSS FIXED INVESTMENT AND ECONOMIC GROWTH: PANEL CAUSALITY ANALYSIS

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Abstract (2. Language): 
In this study, the relation between gross fixed investment, employment and economic growth is analyzed in 27 European Union and Turkey between years 1991 and 2011 by employing panel unit root test, panel co-integration and panel causality analyses. According to empirical findings, there is a Granger causation linkage from gross fixed investment and employment to economic growth in the long run. However, there is no Granger causality running from gross fixed investment to economic growth in the short run.
Abstract (Original Language): 
Bu çalışmada sabit sermeye yatırımları ve istihdam ile ekonomik büyüme arasındaki ilişki 27 AB ülkesi ve Türkiye'nin 1991-2011 dönemi için panel birim kök, panel eşbütünleşme ve panel nedensellik analizleri ile test edilmiştir. Elde edilen sonuçlara göre uzun dönemde sabit sermaye yatırımları ve istihdamdan ekonomik büyümeye doğru Granger nedenselliğinin olduğu bulunmuştur. Bununla birlikte kısa dönemde sabit sermaye yatırımlardan ekonomik büyümeye doğru bir nedensellik ilişkisi bulunamamıştır.

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REFERENCES

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