Pınar HAYALOĞLU, Selim Koray DEMİREL, Seyfettin ARTAN

GEÇİŞ EKONOMİLERİNDE KURUMSAL YAPI VE TASARRUF İLİŞKİSİNİN ANALİZİ

Tasarruflar, yatırımlar ve büyümenin önemli bir finansman kaynağı olup bu yönüyle sürdürülebilir bir ekonomik yapı için de bir önkoşuldur. Özellikle az gelişmiş ve gelişmekte olan ülkelerde kalkınmanın önündeki temel engellerden biri yetersiz tasarruf seviyesi olarak görülmektedir. Tasarrufların ekonomi açısından önemi araştırmacıları tasarrufların belirleyicilerini araştırmaya yöneltmiş ve bu konuda oldukça geniş bir literatür oluşmuştur. Bununla birlikte tasarrufun belirleyicilerine ilişkin ampirik literatürden farklı olarak bu çalışmada temel makroekonomik değişkenler yanında kurumsal yapının tasarruf oranları üzerindeki etkisi araştırılmıştır. Bu doğrultuda çalışmada kurumsal yapı ve tasarruf ilişkisi analiz edilmiştir. Panel veri analizi yönteminin kullanıldığı çalışmada 12 geçiş ekonomisinin 1996-2006 dönemi verileri kullanılmıştır. Kurumsal yapının göstergesi olarak demokrasi, sivil özgürlükler ve düzenleyici kalite endekslerin kullanıldığı çalışmada elde edilen bulgular makroekonomik faktörlerin yanı sıra kurumsal yapının da tasarruf oranlarını etkileyen önemli bir unsur olduğunu ortaya koymaktadır.

Anahtar Kelimeler:

Tasarruflar, Kurumsal Yapı, Panel Veri Analizi

AN ANALYSIS OF INSTITUTIONAL STRUCTURE AND SAVING RATES IN TRANSTION ECONOMIES

Savings, which is a precondition for a sustainable economic structure, are an important source of funding for investments and growth. One of the main obstacles to development is seen as an insufficient level of savings especially in underdeveloped and developing countries. The importance of savings in terms of economy has led researchers to investigate the determinants of savings and a wide range of literature has been developed in this regard. However, unlike the empirical literature on the determinants of savings, besides the basic macroeconomic variables, the effect of the institutional structure on saving rates was investigated in this study. In this direction the relationships between institutional structure and savings were investigated. Panel data analysis method is used for the study of 12 transition economies in 1996-2006 period. Findings obtained in the study; democracy, civil liberties and regulatory quality indices as indicators of institutional structure are important factors as well as macroeconomic factors affecting savings rates.

Keywords:

Savings, Institutional Structure, Panel Data Analysis,

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