Devletin Bir Finansman Yöntemi Olarak Borçlanma ve Ekonomik Göstergelere Etkileri: Hindistan Üzerine Bir Çalışma

Hem gelişmiş, hem de gelişmekte olan ülkeler yıllardır borçlanma yöntemini kullanmaktadır. Bu çalışmanın ilk aşamasında teorik bakış açısında borçlanmanın çeşitli ekonomik göstergelerle arasındaki ilişki incelenmiştir. İkinci aşamada 2003Ç4 ile 2017Ç1 arasında Hindistan'da brüt toplam dış borçlanma ile mal ithalatı arasında nedensellik ilişkisi analiz edilmiştir. Bu amaç doğrultusunda ilk olarak durağanlık analizini gerçekleştirmek için tek yapısal kırılmalı birim kök testi kullanılmıştır. İkinci olarak değişkenler arasında uzun dönemli ilişkinin varlığını tespit etmek için tek yapısal kırılmalı eşbütünleşme testine başvurulmuştur. Son aşamada ise Toda-Yamamoto nedensellik testi ortaya konmuştur. Sonuçlara göre, Hindistan'da brüt toplam dış borçlanmadan mal ithalatına tek yönlü nedensellik ilişkisi mevcuttur.

Anahtar Kelimeler:

borçlanma, tek yapısal kırılmalı birim kök testi, tek yapısal kırılmalı eşbütünleşme testi, toda-yamamoto nedensellik ilişkisi

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