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TÜRKIYE'DE TICARI AÇıKLıK, FINANSAL AÇıKLıK VE EKONOMIK BÜYÜME ARASıNDAKI İLIŞKILER: SıNıR TESTI YAKLAŞıMı

RELATIONSHIP BETWEEN TRADE OPENNESS, FINANCIAL OPENNESS AND ECONOMIC GROWTH IN TURKEY: BOUND TESTING APPROACH

Journal Name:

  • Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Publication Year:

  • 2016

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
In this study, trade openness, financial openness and economic growth for Turkey for 1989-2014 is analyzed with the help of quarterly data. Stationary of the series is analyzed with the multiple structural unit root test of Carrion-i-Silvestre et al (2009). According to the results of analysis, variables of trade openness and financial openness are level stationary and variable of economic growth is first difference stationary. Toda-Yamamoto causality test is applied in order to determine the causality relationship between the variables. The results of the test indicate that a bidirectional relationship between financial openness and economic growth and a one way directional causality relationship from economic growth to trade openness exists. Co-integration between the variables is examined with bound test and existence of a co-integration relationship between the variables is determined. Results of long and short term analyses indicates that economic growth is effected from trade openness negatively, effected from financial openness positively and statistically significantly effected.
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Abstract (Original Language): 
Bu çalışmada, ticari açıklık, finansal açıklık ve ekonomik büyüme arasındaki ilişki Türkiye için 1989¬2014 dönemi kapsamında üçer aylık veriler yardımıyla analiz edilmiştir. Serilerin durağanlığı, Carrion-i-Silvestre vd. (2009) çoklu yapısal kırılmalı birim kök testi ile analiz edilmiş ve ticari açıklık ile finansal açıklık değişkenlerinin düzeyde ve ekonomik büyüme değişkenin ilk farkında durağan olduğu gözlenmiştir. Değişkenler arasındaki nedensellik ilişkisini belirlemek amacıyla Toda-Yamamoto nedensellik testi uygulanmıştır. Test sonuçları, finansal açıklık ile ekonomik büyüme arasında çift yönlü ve büyümeden ticari açıklığa doğru olan tek yönlü nedensellik ilişkisinin varlığını göstermiştir. Değişkenler arasındaki eşbütünleşme ilişkisi sınır testiyle incelenmiş ve değişkenler arasında eşbütünleşme ilişkisi tespit edilmiştir. Uzun ve kısa dönemli analiz sonuçları ise, ekonomik büyümenin ticari açıklıktan negatif, finansal açıklıktan pozitif ve istatistiki olarak anlamlı etkilendiğini göstermiştir.
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