Citation Number
2
Views
44
Downloands
17
Bu çalışmada Türkiye’de parasal tabandaki büyüme hızı ve ekonomik büyüme arasında bir ilişki olup olmadığını sorgulanmaktadır. Çalışmada 1969-2017 dönemine ait “Geniş para arzı (M3)” ve “Büyüme” değişkenleri ampirik bir analize tabi tutulmuştur. “Büyüme” serisi ile “Geniş Para Arzı (M3)” serisi arasında eş-bütünleşmenin varlığını araştırmak için ARDL testi uygulanmıştır. Sonuçlar Türkiye’de parasal taban büyüme hızı ve ekonominin büyüme hızı arasında eş-bütünleşme (uzun dönemli) ilişkisi olduğunu göstermektedir. Daha sonra ARDL modeli ile finansal kalkınmışlığın büyüme üzerinde uzun dönemli arttırıcı bir etkiye sahip olduğu görülmektedir. Seriler arasındaki nedensellik ilişkisini belirlemek amacıyla uygulanan Toda Yamamoto yaklaşımı ile Granger nedensellik testi sonucunda iki seri arasında herhangi bir nedenselliğin olmadığı görülmüştür. Türkiye ekonomisine bakıldığında para arzının büyüme üzerinde önemli ölçüde etkisi olduğunu söylemek mümkündür. Çünkü sürdürülebilir büyüme hedefleyebilmek için gelişmiş bir finansal sisteme gereksinim duyulmaktadır. Bu sebeple para arzı ya da parasal taban geri plana düşürülmeden doğru politikalar ile geliştirilerek ekonomik büyüme desteklenmelidir.
In this study, the monetary base growth rate in Turkey is questioning whether a relationship between economic growth. In the study, "Wide money supply (M3)" and "Growth" variables for the period 1969-2017 were subjected to an empirical analysis. The ARDL test was applied to investigate the presence of co-integration between the "Growth" series and the "Large Money Supply (M3)" series. Results show that there is a co-integration (long-term) relationship between "monetary base growth" and "economic growth" in Turkey. Then, with the ARDL model, it is seen that financial development has a long-term enhancing effect on growth. As a result of the Granger causality test with the Toda Yamamoto approach applied to determine the causality relationship between the series, it was observed that there was no causality between the two series. Referring to Turkey’s economy is that there is a significant impact on the growth of the money supply. Because an advanced financial system is needed in order to target sustainable growth requirements. For this reason, economic growth should be supported by developing the right policies without ignoring the money supply or the monetary base.
In this study, the monetary base growth rate in Turkey is questioning whether a relationship between economic growth. In the study, "Wide money supply (M3)" and "Growth" variables for the period 1969-2017 were subjected to an empirical analysis. ARDL test was applied to investigate the presence of co-integration between the "Growth" series and the "Large Money Supply (M3)" series. Results show that there is a co-integration (long-term) relationship between "monetary base growth" and "economic growth" in Turkey. Then, with the ARDL model, it is seen that financial development has a long-term enhancing effect on growth. As a result of the Granger causality test with the Toda Yamamoto approach applied to determine the causality relationship between the series, it was observed that there was no causality between the two series. Referring to Turkey's economy is that there is a significant impact on the growth of the money supply. Because an advanced financial system is needed in order to target sustainable growth requirements. For this reason, economic growth should be supported by developing the right policies without ignoring the money supply or the monetary base.
Field : Ziraat, Orman ve Su Ürünleri; Spor Bilimleri
Journal Type : Uluslararası
Article Detail 
Citation Owners
Similar Articles
Download PDF
Journal Information
Listen Paper
Print This Page
Share
Mendeley
