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TİCARİ VE FİNANSAL DIŞA AÇIKLIK İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: TÜRKİYE ÜZERİNE BİR UYGULAMA

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Abstract (2. Language): 
The purpose of this paper is to investigate the relationship between trade and financial openness and economic growth in Turkey. For this purpose for the period of 1990:1-2006:4, the relationships between trade and financial openness rates and real economic growth rate are analyzed econometrically by employing multivariate cointegration analysis, error correction-augmented Granger causality tests and vector error correction model. According to the results, economic growth is positively effected by trade openness, and negatively by financial openness in the long run. Error correction-augmented Granger causality tests show that there is bi-directional causality between trade and financial openness and economic growth. Furthermore, it is observed that onedirectional causality exists from trade openness to financial openness.
Abstract (Original Language): 
Bu çalışmanın amacı, Türkiye’de ticari ve finansal dışa açıklık ile ekonomik büyüme arasındaki ilişkiyi incelemektir. Bu amaçla 1990:1-2006:4 dönemi için, ticari ve finansal dışa açıklık oranları ile ekonomik büyüme oranı arasındaki ilişkiler, çok değişkenli eş-bütünleşme analizi, hata düzeltme-geliştirilmiş Granger nedensellik testleri ve vektör hata düzeltme modeli kullanılarak ekonometrik açıdan analiz edilmektedir. Analiz sonuçlarına göre, uzun dönemde ekonomik büyüme ticari açıklıktan pozitif, finansal açıklıktan negatif olarak etkilenmektedir. Hata düzeltme-geliştirilmiş Granger nedensellik testleri, ticari ve finansal açıklık ile ekonomik büyüme arasında iki yönlü nedenselliğin bulunduğunu göstermektedir. Ayrıca, ticari açıklıktan finansal açıklığa doğru tek yönlü nedenselliğin bulunduğu görülmektedir.
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