YATIRIM-TASARRUF İLİŞKİSİ: OECD ÜLKELERİ İÇİN YENİ NESİL PANEL EŞBÜTÜNLEŞME ANALİZİ

Year 2014, Special Issue of XIV. International Symposium on Econometrics, Operations Research and Statistics, 59 - 78, 01.10.2014

İsmet Göçer , Sedat Alataş

Abstract

Bu çalışmanın amacı; yurtiçi yatırımlarla
yurtiçi tasarruflar arasındaki ilişkiyi, yeni nesil panel veri analiz
yöntemleri yardımıyla incelemektir. Çalışma, kullanılan yöntem ve konu
itibariyle güncel olup, Türkiye gibi yurtiçi tasarruf oranlarının düşüklüğü
sorunuyla uğraşan ülkeler için, bir politika önerisi niteliği taşımaktadır. Bu
yönüyle, ilgili literatüre bir katkı sağlayacağı düşünülmektedir. Bu çalışmada, yurtiçi yatırımlarla
yurtiçi tasarruflar arasındaki ilişki, 20 Ekonomik Kalkınma ve İşbirliği Örgütü
ülkesi için, Feldstein-Horioka Paradoksu çerçevesinde, 1980-2012 dönemi
verileri kullanılarak, yatay kesit bağımlılığı altında çoklu yapısal kırılmalı
panel eşbütünleşme yöntemi ile analiz edilmiştir. Analiz sonucunda, söz konusu
ülkelerde, analiz döneminde Feldstein-Horioka Paradoksunun geçerli olmadığı
tespit edilmiştir. 

Keywords

Dışa Açıklık, Yatırım, Tasarruf, Çoklu Yapısal Kırılmalı Panel Eşbütünleşme Analizi

RELATIONSHIP BETWEEN INVESTMENT AND SAVING: NEW GENERATION PANEL COINTEGRATION ANALYSIS FOR OECD COUNTRIES

Abstract

The purpose
of this study is to examine the relationship between domestic investment and
savings by the help of the new generation panel data analysis methods. This
study is up-to-date in terms of its method and subject and signifies a policy
proposal for countries such as Turkey, dealing with the low levels of domestic
savings problem. In this respect, it thought that will provide a contribution
to the related literature. In this
study relationship between investment and saving was analyzed for 20 Organisation
for Economic Co-operation and Development countries within the
framework of Feldstein-Horioka Paradox by using
1980-2012 period data via under cross-section dependence panel cointegration
method with multiple structural breaks. 
As a result of the analysis, it was seen that Feldstein-Horioka Paradox is not valid in these countries.

Keywords

Openness, Investment, Saving, Panel Cointegration Analysis with Multiple Structural Breaks

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