Brıcs-T Ülkelerinde Finansal Gelişmenin Ekonomik Büyümeye Etkisi

Finansal gelişme ile ekonomik büyüme arasındaki etkileşim iktisat teorisinde teorik ve ampirik olarak sıkça tartışılan bir konudur. Bu çalışmada 1988-2017 arası dönemde gelişmekte olan ülkeler arasında yer alan Brezilya, Rusya, Hindistan, Çin, Güney Afrika ve Türkiye ekonomilerinde finansal gelişme ile ekonomik büyüme arasındaki ilişki panel veri analiz yöntemi ile test edilmiştir. Ampirik bulgular sonucunda, panelin tamamı için kısa dönemde arz itişli ve uzun dönemde geri besleme hipotezlerinin geçerli olduğu görülmektedir. Paneli oluşturan ülkeler açısından Çin ekonomisinde geri besleme hipotezinin, Brezilya ekonomisinde ise talep itişli hipotezin geçerli olduğu bulgusuna ulaşılmıştır.

Anahtar Kelimeler:

Ekonomik Büyüme, Finansal Gelişme, Panel Veri

The Effect Of Financial Development On Economic Growth In Brıcs-T Countries

The interaction between financial development and economic growth is a topic that is frequently discussed in the theory of economics theoretically and empirically. While there is consensus about the existence of the relationship between the variables, it is possible to come across different views in terms of the direction of the relationship. Located in this study in the period between 1988-2017 developing countries Brazil, Russia, India, China, South Africa and Turkey has been tested relationship between financial developments and economic growth with panel data analysis. As a result of empirical findings, it is seen that supply leading hypothesis in the short term and feedback hypothesis in the long term are valid for the whole panel. In terms of the countries that make up the panel, it has been found that the feedback hypothesis is valid in the Chinese economy and the demand-following hypothesis in the Brazilian economy.

Keywords:

Economic Growth, Financial Development, Panel Data,

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