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TÜRKİYE'DE FİNANSAL GELİŞME EKONOMİK BÜYÜME İLİŞKİSİ

Financial Development and Economic Growth Relationship in Turkey

Journal Name:

  • Muğla Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

Publication Year:

  • 2006

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
The link between financial development and economic growth has received considerable attention in recent literature. Moreover, on the theoretical side, this relationship can be traced back at least to Bagehot, Schumpeter, more recently, McKinnon and Shaw. In this context, this paper examines the relationship between financial development and economic growth empirically in Turkish Economy from 1987.I-2004.IV using Johansen cointegration and Granger causality econometric techniques. Cointegration analysis results show that there is a long-run relationship between financial development indicators and economic growth. However, direction of causality between financial development and economic growth differs according to the financial development indicators.
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Abstract (Original Language): 
Son yıllarda, finansal gelişme ve ekonomik büyüme arasındaki ilişki, yazında dikkat çeken konulardan biri haline gelmiştir. Teorik açıdan bakıldığında, bu ilişkinin izleri Bagehot, Schumpeter, son zamanlarda, McKinnon ve Shaw'ın çalışmalarında görülmektedir. Bu çalışma, Türkiye Ekonomisinde finansal gelişme ekonomik büyüme ilişkisini, 1987.I-2004.VI dahilinde Johansen eşbütünleşim ve Granger nedensellik ekonometrik tekniklerini kullanarak incelemektedir. Eşbütünleşim analizinin sonuçlarına göre, çalışmada kullanılan finansal gelişme göstergeleri ve ekonomik büyüme arasında uzun dönemli ilişki bulunmaktadır. Buna karşın, finansal gelişme ekonomik büyüme arsındaki nedenselliğin yönü finansal gelişmişlik göstergelerine göre değişmektedir.
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