Muhsin KAR, Hüseyin AĞIR

2615

Menkul Kıymet Piyasaları, Finansal Kalkınma ve Ekonomik Büyüme: Türkiye Örneği

Bu makalenin amacı, Türkiye'de fınansal kalkınmanın ekonomik büyümeye katkısını ortaya koymaktır. Bu amaçla finansal kalkınma, sermaye piyasalarını da kapsayacak şekilde ele alınmakta ve fınansal sektörün ekonomik kalkınmadaki rolü tartışılmaktadır. 1987:Q1-2002:Q2 dönemine ait üç aylık verilerin, Johansen eş- bütünleşme testi ile değerlendirilmesi sonucu elde edilen bulgular, borsaya ilişkin fınansal kalkınma göstergelerinin ekonomik büyümeyi açıklayan önemli faktörlerden biri olduğunu göstermektedir. Diğer taraftan fınansal kalkınmanın ise ekonomik büyüme tarafından belirlendiği ve borsanın fınansal kalkınmaya etkisinin olmadığı görülmüştür.

Capital Markets, Financial Development and Economic Growth: The Case of Turkey

The aim of this article is to investigate the contribution of financial development, which is expanded to include the capital markets in terms of the stock market, to economic growth in Turkey. To this end, the functions of financial sector and role of capital markets in economic development are discussed in detail. The empirical results, obtained by utilizing the Johansen cointegration test for the period of 1987:Q1 -2002:Q2, show that the indicators of financial development in terms of the stock market is one of the important determinants for economic growth. On the other hand, it has been seen that financial development is mainly determined by economic growth and the contribution of the stcok market to financial development is quite weak.
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İstanbul Üniversitesi İktisat Fakültesi Mecmuası-Cover
  • ISSN: 1304-0235
  • Yayın Aralığı: Yılda 4 Sayı
  • Yayıncı: Kare Yayıncılık
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Menkul Kıymet Piyasaları, Finansal Kalkınma ve Ekonomik Büyüme: Türkiye Örneği

Muhsin KAR, Hüseyin AĞIR

Ödemeler Dengesine Parasal Yaklaşım

Zafer TUNCA

İhracatçı İşletme Yöneticilerinin Perspektifinden İhracat Engelleri

Şuayip ÖZDEMİR