Finansal Gelişme, Ticari Açıklık ve Ekonomik Büyüme İlişkisi: Türkiye Örneği

Bu çalışmada, Türkiye'de finansal gelişme ve ticari açıklık ile ekonomik büyümearasındaki ilişkinin 2004-2017 dönemi için incelenmesi amaçlanmıştır. Çalışmanın ekonometrikuygulaması için; finansal gelişme düzeyi göstergesi olarak Kredi/GSYİH, M2/GSYİH değişkenleribelirlenmiş, ticari açıklık düzeyi göstergesi olarak İhracat/GSYİH, İthalat/GSYİH değişkenleribelirlenmiştir. Gregory-Hansen Eşbütünleşme test sonuçları, finansal gelişme ve ticari açıklıkdüzeyleri ile ekonomik büyüme arasında uzun dönemli bir ilişkinin bulunmadığına işaret etmiştir.Çalışmada uygulanan diğer bir ekonometrik yöntem, Toda-Yamamoto Nedensellik Testsonuçlarına göre, ticari açıklık düzeyi göstergesi olarak belirlenen İthalat/GSYİH değişkenindenekonomik büyüme değişkenine doğru tek yönlü bir nedensellik ilişkisi tespit edilmiştir. Elde edilenbulgular genel olarak değerlendirildiğinde, Türkiye'de 2004-2017 döneminde, ticari açıklık düzeyiile ekonomik büyüme arasında ilişkinin varlığına işaret etmiştir.

Financial Development, Trade Openness and Economic Growth Relationship: The Case of Turkey

This paper aims to examine relationship between financial development, economic growth and trade openness in Turkey for the period 2004-2017. The variables were determined Credit/GDP, M2/GDP as financial development level indicators, the variables were determined Export/GDP, Import/GDP as trade openness level indicators for the econometric application of the paper. Gregory-Hansen Cointegration test results indicate that there is not a long-run relationship between financial development and trade openness levels and economic growth. Another econometric method applied in the paper is based on Toda-Yamamoto Causality Test results, it was determined that there is a causality relationship from Import/GDP variables to economic growth variable which is an trade openness indicators. When the findings are evaluated in general, it is revealed that there is a relationship between trade openness and economic growth in Turkey for the period 2004-2017.

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