EKONOMIK BÜYÜME VE DIŞ YARDIMLAR İLIŞKISI: MISIR IÇIN BIR NEDENSELLIK ANALIZI

Ekonomik büyüme ve kalkınmanın sağlanması için birçok gelişmekte olan ülke yabancı sermayeihtiyacı duymaktadır. Bu çalışmada, önemli bir Ortadoğu ülkesi olan Mısır için ekonomik büyüme vedış yardımlar arasındaki nedensellik ilişkisi ele alınmıştır. Yapılan analizde 1970-2015 yıllarına ait verilerkullanılmış, GSYİH ve toplam dış yardım miktarı, toplam dış borç stokunun Gayri Safi Milli Gelire oranı,ticari açıklık (ithalat ve ihracat toplamının GSYİH’ya oranı) ve GSYİH’ya oranla sabit sermaye oluşumuarasındaki ilişki ilişkiye bakılmıştır. Araştırmada vektör hata düzeltme modeli kullanılarak uzun dönemilişkinin varlığı test edilmiştir. Elde edilen sonuçlara göre, Mısır için ele alınan modelde uzun dönemilişki anlamlı çıkmıştır. Kısa dönem ilişkileri ele aldığımızda ise dış yardımlar, dışa açıklık ve borçdeğişkeniyle büyüme arasında anlamlı bir ilişki bulunamamıştır. Ele alınan değişkenlerden yalnızcasabit sermaye yatırımlarının anlamlı ve pozitif bir ilişki olduğu sonucuna ulaşılmıştır.

RELATIONSHIP BETWEEN ECONOMIC GROWTH AND FOREIGN AID: A CAUSALITY ANALYSIS FOR EGYPT

In order to achieve economic growth and development, many developing countries are looking for foreign capital. In this study, the relationship between the economic growth and foreign aid was investigated in terms of Egypt. In the analysis, the data for the years 1970-2015 are considered and the relationship between GDP and total amount of foreign aid, GDP ratio of total external debt stock, trade openness (ratio of import and export sum to GDP) and fixed capital formation with respect to GDP was tested. With this respect, the existence of a long-term relationship was tested using the vector error correction model. According to the results, the long-term relationship between variables in the model were found significant with negative sign as expected. On the other hand, when we looked for the short-term relationships, we find no significant relationship between foreign aid, openness and debt and growth. It is concluded that only the fixed capital formation is meaningful and positive relation with the economic growth.

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