Journals / Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi / 2015 / Cilt: 10 - Sayı: 3

Türkiye’de Finansal Gelişme ile Ticari Serbestleşmenin Büyümeye Etkisi

Pages
0–0
Publication Date
2015-12-01
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

According to results of Johansen test there is a cointegration relation between the parameters.In other words, financial growth and trade liberalization are subsitantial factors thatdetermine the growth performance of the country.On the other hand, DOLS and FMOLS tests shows that trade liberalization has more powerful effect than financial liberalization on growth

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Neoliberal approaches, which emphasizes that outward looking economies has a faster growth than inward looking economies by reducing the obstacles of trade and finance, gains intense interest of both policymaker and researchers.
📊
Key Findings & Data:Based on this interest, this study presents findings that support neoliberal approaches.In this study, trade liberalization in Turkish economy and the relation between financial growth and expansion parameters in the period 1980-2010 are examined.For this aim, Johansen cointegration test with DOLS and FMOLS methodologies are applied.
💡
Conclusion & Impact:According to results of Johansen test there is a cointegration relation between the parameters.In other words, financial growth and trade liberalization are subsitantial factors thatdetermine the growth performance of the country.On the other hand, DOLS and FMOLS tests shows that trade liberalization has more powerful effect than financial liberalization on growth
🔬Design:Research Article
📍Scope:2010 Verileri
⚙️Variables:Liberalization methodologies Financial Development · DOLS Trade FMOLS Growth · and

Abstract

Neoliberal approaches, which emphasizes that outward looking economies has a faster growth than inward looking economies by reducing the obstacles of trade and finance, gains intense interest of both policymaker and researchers. Based on this interest, this study presents findings that support neoliberal approaches.In this study, trade liberalization in Turkish economy and the relation between financial growth and expansion parameters in the period 1980-2010 are examined.For this aim, Johansen cointegration test with DOLS and FMOLS methodologies are applied. According to results of Johansen test there is a cointegration relation between the parameters.In other words, financial growth and trade liberalization are subsitantial factors thatdetermine the growth performance of the country.On the other hand, DOLS and FMOLS tests shows that trade liberalization has more powerful effect than financial liberalization on growth

Özet

Ticaretin ve finansın önündeki engelleri azaltıp dışa açılan ekonomilerin içe dönük ekonomilere göre daha hızlı büyüme kaydettiğine vurgu yapan neoliberal yaklaşımlar, gerek politika yapıcıların gerekse çekmektedir. gerçekleştirilen bu çalışma, neoliberal yaklaşımı destekle-yen Çalışmada ekonomisinde gelişme ve büyüme değişkenleri arasındaki ilişki sorgulanmıştır. Bu amaca dönük olarak Johansen eş-bütünleşme testleri ile Dinamik En Küçük Kareler Yöntemi DOLS ve Düzeltilmiş En Küçük Kareler Yöntemi FMOLS uygulanmıştır. Johansen testi sonuçlarına göre değişkenler arasında bir eşbütünleşme ilişkisi bulun-maktadır. Bir başka ifade ile finansal gelişme ve ticari serbestleşme, ülkenin büyüme performansını belirleyen güçlü birer faktördür. Diğer taraftan DOLS ve FMOLS testleri, üzerindeki etkisi-nin finansal serbestleşmenin büyüme üzerindeki etkisinden daha güçlü olduğu göstermektedir

🔖

Cite This Article

AK, M. Z., AYDIN, M. K., ALTINTAŞ, N., KÜÇÜK, D. E. (2015). Türkiye’de Finansal Gelişme ile Ticari Serbestleşmenin Büyümeye Etkisi. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, Cilt: 10 - Sayı: 3, 0–0. https://ajindex.com/articles/99209

References (16)

  1. Atif, R. M., A. Jadoon, K. Zaman, A. Ismail, R. Seemab (2010), “Trade Liberalization Finan-cial Development and Economic Growth: Evidence from Pakistan: 1980 ”, Journal of International Academic Research, 10 (2), 30-37.
  2. Awojobi, O. (2013), “Does Trade Openness and Financial Liberalization Foster Growth: An Empirical Study of Greek Economy”, International Journal of Social Economics, 40 (6), 537-555.
  3. Barro, R. J. ve X. Sala-i Martin, (1995).
  4. Economic Growth, New York: McGraw-Hill Bencivenga, V. R. ve B. D. Smith (1991), “Financial Intermediation and Endogenous Growth”, Review of Economic Studies, 58(2), 195-209.
  5. Bojanic, A. N. (2012), “The Impact of Financial Development and Trade on The Economic Growth of Bolivia”, Journal of Applied Economics, 15 (1), 51-70.
  6. Chimobi, O. P. (2010), “The Causal Relationship among Financial Development Trade Open-ness and Economic Growth in Nigeria”, International Journal of Economics and Finance, 2 (2), 137-147.
  7. Dickey, D. A. ve W.A. Fuller (1981), “Distribution of the Estimators for Autoregressive Time Series with a Unit Root”, Econometrica, 49 (4), 1057-1072.
  8. Dollar, D. (1992), “Outward-oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs: 1976–1985”, Economic Development and Cultural Change, 40 (3), 523-544.
  9. Edwards, S. (1998), “Openness, Productivity and Growth: What Do We Really Know”, Eco-nomic Journal, 108 (447), 383-398.
  10. Elliott, G. R., T. J. Rothenberg and J. H. Stock (1996), “Efficient Tests for an Autoregressive Unit Root”, Econometrica, 64 (4), 813-836.
  11. Greenaway, D., W. Morgan, P. Wright (2002), “Trade Liberalization and Growth in Greenwood, J. ve B. Jovanovic (1990), “Financial Development, Growth and The Distribution of Income”, Journal of Political Economy, 98(5), 1076-1107.
  12. Grossman, G. M., ve E. Helpman (1991), Innovation and Growth in The Global Economy, Cambridge: MIT Press.
  13. Harrison, A. (1996), “Openness and Growth: A time-series, Cross-country Analysis for Devel-oping Countries”, Journal of Development Economics, 48 (2), 419-447.
  14. İsmihan, M. ve F. G. Özkan (2012), “Public Debt and Financial Development: A Theoretical Exploration”, Economics Letters, 115 (3), 348-351.
  15. İsmihan, M., B. Özkösem, S. M. Cilasun (2013), “Finance, Instability, Debt and Growth: The Turkish Case, 1980-2010”, EY International Congress on Economics I Gazi University, An-kara, Turkey, October 24-25.
  16. Johansen, S. (1988), “Statistical Analysis of Co-integrating Vectors,” Journal of Economic Dy-namics and C