Bilgi İletişim Teknolojileri Kullanımı Geçiş Ekonomilerinde Faiz Oranlarını Etkilemekte Midir?

Bu çalışmada geçiş ekonomilerinde bilgi iletişim teknolojileri kullanımı ile faiz oranları arasındaki ilişki analiz edilmektedir. Hipotezimize göre bir ekonomide bilgi iletişim teknolojileri kullanımındaki artış faiz oranlarını düşürecektir. Söz konusu hipotezi test etmek üzere, bilgi iletişim teknolojileri için dört ve faiz oranları için iki belli başlı gösterge kullanılmaktadır. Çalışma panel veri analizi ile yürütülmekte olup; 1990-2013 yılları arasındaki 24 yıllık dönemi kapsayan dengesiz veri seti kullanılmaktadır. Örneklem büyüklüğü modelden modele değişmekle birlikte, en büyüğü 22 geçiş ekonomisi üzerindeki 402 gözlemi yansıtmaktadır. Faiz oranlarını etkileyen diğer makroekonomik belirleyiciler dikkate alınarak yürütülen analizin temel bulgusu, söz konusu ekonomilerde bilgi iletişim teknolojileri kullanım düzeyi ile faiz oranları arasında istatistiksel olarak anlamlı negatif bir ilişkinin varlığını ortaya koymaktadır. Bu bulgu, modellerde kullanılan gerek bilgi iletişim teknolojileri kullanımı gerekse faiz oranı göstergelerinin tamamında geçerliliğini korumaktadır. Dolayısıyla, sonuçların sağlıklı olduğu ifade edilebilir

Does The Use Of Ict Affect Interest Rates In Transition Economies?

This study empirically analyzes the association between the level of ICT-use and interestrates in transition economies. We hypothesized that an increase in ICT penetration level lowersinterest rates in an economy. In order to test this hypothesis, we utilize four different proxies for ICTand two distinct indicators for interest rate. The study conducts panel data analysis and usesunbalanced data containing 24 years between 1990 and 2013. The size of samples varies from modelto model and the largest sample includes 402 observations of 22 transition economies. After takinginto consideration other macroeconomic determinants peculiar to interest rate, our primary findingreveals a strong and statistically significant negative association between ICT-use level and interestrate in these economies. This finding remains valid no matter which indicator is used for ICTpenetration and interest rate in the models. Hence our results are robust.

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