SÜLEYMAN KALE, MEHMET HASAN EKEN

4429

Türk Bankacılık Sektöründeki Gelişmelerin Büyüme Üzerindeki Etkisi

Bu çalışmada, finansal gelişmişlik, bankacılıktaki etkinlik ve bankacılığın önemli göstergelerinden olan kredi ve mevduat ile ekonomik büyüme arasındaki ilişki araştırılmaktadır. Önce etkinlik, aracılık ve karlılık boyutuyla hesaplanmakta, sonra bu göstergelerle büyüme ilişkisi irdelenmektedir. 2003-2016 dönemine bakıldığında bankacılıkta etkinliğin, 2010’a kadar arttığı, daha sonra azalma eğilimine girdiği görülmektedir. Eşbütünleşme ve nedensellik analizi, etkinliğin büyüme üzerinde etkili olmadığı, finansal gelişmişliğin ise seçilen kritere bağlı olarak etkileşim içinde olduğunu ortaya koymaktadır. Kredilerle büyüme arasında pozitif bir ilişki keşfedilse de, nedenselliğin kredilerden büyümeye doğru değil, büyümeden kredilere doğru olduğu tespit edilmiştir. Gelişmiş ülke örnekleri, kredilerin büyümeyi etkileyen bir araç olarak daha dikkatli kullanılması gerektiğini ortaya koymaktadır.

Effects of The Turkish Banking Sector Developments on Growth

This study researches the relationships between economic growth and financial development, bank efficiency, credits and deposits which can be assumed as the most important indicators of banking sector. First efficiency is measured with intermediation and profitability perspective, then relationships between growth and these indicators are analyzed. Considering 2003-2016 period, it can be seen that efficiency in banking increased until 2010 and then it started to deteriorate. Cointegration and causality analysis indicates that efficiency has no effect on growth, however, depending on the selected indicator, the effects on financial development are effective. Although a positive relationship between credits and growth is witnessed, the causality is not from credits towards growth; a one-way causality is detected from growth to credits. Experiences in developed economies prove that credits, as an economic policy tool, should be used with more cautiously.
PDF

___

  • Yusifzada, L., & Mammadova, A. (2015). Financial Intermediation and Economic Growth. Michigan: William Davidson Institute at the University of Michigan.
  • Wolde-Rufael, Y. (2005). Energy Demand and Economic Growth: The African Experience. Journal of Policy Modeling, 27(8), 891-903. doi:10.1016/j.jpolmod.2005.06.003.
  • Valickova, P., Havranek, T., & Horvath, R. (2015). Financial Development and Economic Growth: A Meta-Analysis. Journal of Economic Surveys, 29(3), 506-526. doi:10.1111/joes.12068.
  • Tone, K. (2015). SBM Variations Revisited. Tokyo: National Graduate Institute for Policy Studies.
  • Tone, K. (2001). A Slacks-Based Measure of Efficiency in Data Envelopment Analysis. European Journal of Operational Research, 130(3), 498-509. doi:10.1016/S0377-2217(99)00407-5.
  • Toda, H. Y., & Yamamoto, T. (1995). Statistical Inference in Vector Autoregressions With Possibly Integrated Processes. Journal of Econometrics, 66(1), 225-250. doi:10.1016/0304- 4076(94)01616-8.
  • Sharma, D., Sharma, A. K., & Barua, M. K. (2013). Efficiency and Productivity of Banking Sector: A Critical Analysis of Literature and Design of Conceptual Model. Qualitative Research in Financial Markets, 5(2), 195-224. doi:10.1108/QRFM-10-2011-0025.
  • Saqib, N. (2013). Impact Of Development And Efficiency Of Financial Sector On Economic Growth: Empirical Evidence From Developing Countries. Journal of Knowledge Management, Economics and Information Tecnology, 3(3).
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16(3), 289-326. doi:10.1002/jae.616.
  • Paradi, J. C., & Zhu, H. (2013). A Survey on Bank Branch Efficiency and Performance Research With Data Envelopment Analysis. Omega, 41(1), 61-79. doi:10.1016/j.omega.2011.08.010.
  • Mirzaei, A., & Moore, T. (2017). Real Effect of Bank Efficiency: Evidence from Disaggregated Manufacturing Sectors. Economica, n/a-n/a. doi:10.1111/ecca.12238.
  • Mirzaei, A., & Moore, T. (2016). Banking Performance And İndustry Growth İn An Oil-Rich Economy: Evidence From Qatar. The Quarterly Review of Economics and Finance, 60, 58-69. doi:10.1016/j.qref.2015.06.001.
  • Mensah, E., Abor, J., Aboagye, A. Q. Q., & Adjasi, C. K. D. (2012). Enhancing the Economic Growth of Africa: Does Banking Sector Efficiency Matter? In M. Tsamenyi & S. Uddin (Eds.), Finance and Development in Africa (pp. 1-23): Emerald Group Publishing Limited.
  • Lucchetti, R., Papi, L., & Zazzaro, A. (2001). Banks’ Inefficiency And Economic Growth: A Micro- Macro Approach. Scottish Journal of Political Economy, 48(4), 400-424. doi:10.1111/1467- 9485.00206.
  • Lombardi, M. J., Mohanty, M., & Shim, I. (2017). The Real Effects of Household Debt in the Short and Long Run (607). Retrieved from http://www.bis.org/publ/work607.pdf.
  • Levine, R. (2005). Finance and Growth: Theory and Evidence. Handbook of Economic Growth, 1, 865- 934.
  • Koetter, M., & Wedow, M. (2010). Finance and Growth in a Bank-Based Economy: Is It Quantity or Quality That Matters? Journal of International Money and Finance, 29(8), 1529-1545. doi:10.1016/j.jimonfin.2010.05.015.
  • Kale, S., & Eken, M. H. (2017). Bank Efficiency and Growth in OECD Countries. In Emrouznejad, A., Jablonský, J., Banker, R. & Toloo, M. (Eds.) Recent Applications of Data Envelopment Analysis Proceedings of the 15th International Conference of DEA (pp 38-45), June 2017, University of Economics, Prague, Czech Republic.
  • Johansen, S., & Juselius, K. (1990). Maximum Likelihood Estimation and Inference on Cointegration - with Applications to the Demand for Money. Oxford Bulletin of Economics and Statistics, 52(2), 169-210. doi:10.1111/j.1468-0084.1990.mp52002003.x.
  • Ilyas, M., Ahmad, H. K., Afzal, M., & Mahmood, T. (2010). Determinants of Manufacturing Value Added in Pakistan: An Application of Bounds Testing Approach to Cointegration. Pakistan Economic and Social Review, 48(2), 209-223.
  • Hasan, I., Koetter, M., & Wedow, M. (2009). Regional Growth and Finance in Europe: Is There a Quality Effect of Bank Efficiency? Journal of Banking & Finance, 33(8), 1446-1453. doi:10.1016/j.jbankfin.2009.02.018.
  • Hasan, I., Horvath, R., & Mares, J. (2016). What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence. Washington: The World Bank.
  • Granger, C. W. J. (1969). Investigating Causal Relations by Econometric Models and Cross-spectral Methods. Econometrica, 37(3), 424-438. doi:10.2307/1912791.
  • Giles, D. (2015). ARDL Modelling in EViews 9. Retrieved from http://davegiles.blogspot.com.tr/2015/01/ardl-modelling-in-eviews-9.html.
  • Ferreira, C. (2016). Does Bank Performance Contribute to Economic Growth in the European Union? Comparative Economic Studies, 58(2), 174-195. doi:10.1057/ces.2016.4.
  • Ferreira, C. (2013). Bank Performance and Economic Growth: Evidence From Granger Panel Causality Estimations. Lisbon: Technical University of Lisbon.
  • Fethi, M. D., & Pasiouras, F. (2010). Assessing Bank Efficiency and Performance with Operational Research and Artificial Intelligence Techniques: A survey. European Journal of Operational Research, 204(2), 189-198. doi:10.1016/j.ejor.2009.08.003.
  • Engle, R. F., & Granger, C. W. J. (1987). Co-Integration and Error Correction: Representation, Estimation, and Testing. Econometrica, 55(2), 251-276. doi:10.2307/1913236
  • Eken, M. H., & Kale, S. (2014). Bank Branch Efficiency with DEA Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis (pp. 626-667): IGI Global.
  • Demirgüç-Kunt, A., & Levine, R. (2008). Finance, Financial Sector Policies, and Long-Run Growth (7, Trans.) (6 ed.). Washington: The World Bank.
  • Diallo, B. (2017). Bank Efficiency And İndustry Growth During Financial Crises. Economic Modelling. doi:10.1016/j.econmod.2017.03.011.
  • Charnes, A., Cooper, W. W., & Rhodes, E. (1978). Measuring the Efficiency of Decision Making Units. European Journal of Operational Research, 2(6), 429-444. doi:10.1016/0377-2217(78)90138-8.
  • Cecchetti, S., & Kharroubi, E. (2012). Reassessing The İmpact of Finance on Growth (381). Retrieved from http://www.bis.org/publ/work381.pdf.
  • Capelle-Blancard, G., & Labonne, C. (2016). More Bankers, More Growth? Evidence from OECD Countries. Economic Notes, 45(1), 37-51. doi:10.1111/ecno.12051.
  • Boutabba, M. A. (2014). The Impact of Financial Development, Income, Energy and Trade on Carbon Emissions: Evidence From The Indian Economy. Economic Modelling, 40, 33-41. doi:10.1016/j.econmod.2014.03.005.
  • Bezemer, D., Grydaki, M., & Zhang, L. (2016). More Mortgages, Lower Growth? Economic Inquiry, 54(1), 652-674. doi:10.1111/ecin.12254.
  • Berger, A. N., & Humphrey, D. B. (1997). Efficiency of Financial Institutions: International Survey and Directions for Future Research. European Journal of Operational Research, 98(2), 175-212. doi:10.1016/S0377-2217(96)00342-6.
  • Belke, A., Haskamp, U., & Setzer, R. (2016). Regional Bank Efficiency and its Effect On Regional Growth in “Normal” And “Bad” Times. Economic Modelling, 58, 413-426. doi:10.1016/j.econmod.2015.12.020.
  • Banker, R. D., Charnes, A., & Cooper, W. W. (1984). Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis. Management Science, 30(9), 1078-1092. doi:10.1287/mnsc.30.9.1078.
  • Ayadi, R., Arbak, E., Naceur, S. B., & De Groen, W. P. (2015). Financial Development, Bank Efficiency, and Economic Growth Across the Mediterranean Economic and Social Development of the Southern and Eastern Mediterranean Countries (pp. 219-233): Springer.
  • Arestis, P., Chortareas, G., & Magkonis, G. (2015). The Financial Development and Growth Nexus: A Meta-Analysis. Journal of Economic Surveys, 29(3), 549-565. doi:10.1111/joes.12086
  • Ang, J. B. (2008). A Survey of Recent Developments in The Literature of Finance and Growth. Journal of Economic Surveys, 22(3), 536-576. doi:10.1111/j.1467-6419.2007.00542.x
  • Ahmed, M. U., Muzib, M., & Roy, A. (2013). Price-Wage Spiral in Bangladesh: Evidence From ARDL Bound Testing Approach. International Journal of Applied Economics, 10(2), 77-103.
Bankacılar-Cover
  • ISSN: 1300-0217
  • Başlangıç: 1990
  • Yayıncı: Türkiye Bankalar Birliği
Arşiv
Sayıdaki Diğer Makaleler

Türkiye İçin Bir Makroekonomik Belirsizlik Endeksi Önerisi

HAKAN YILDIRIM, BUKET ALKAN

Tahvil Faizleri İle CDS Primleri Arasındaki Oynaklık Yayılım Etkilerinin Belirlenmesi

HİLMİ TUNAHAN AKKUŞ, ŞAKİR SAKARYA, OSMAN TÜZÜN

Türk Bankacılık Sektöründeki Gelişmelerin Büyüme Üzerindeki Etkisi

SÜLEYMAN KALE, MEHMET HASAN EKEN

Türk Hukukunda Alacak Rehni

Mehmet Mücahit ARVAS

İnternet Bankacılığı Sisteminde Tüketicilerin Karşılaşacağı Olası Saldırılar ve Çözüm Önerileri

Ufuk ÜNLÜ

Bağlı Kredilerde Konut Finansmanı Kuruluşunun Sorumluluğu

Yakup AKKAYA, Hasan TEPELİ