External Debt Stock and Human Capital Relationship: An Application in terms of Investment in Education and Health

Year 2017, Volume: 3 Issue: 1, 49 - 61, 01.03.2017

Servet Ceylan , Mehmet Durkaya

Abstract

In the study, the long run relationships between external debt and public investments in education and health are investigated. In the analysis, including annual time series data for the period 1989-2014, bound test based on ARDL model has been used to determine the long run relationships. The findings have shown that there is a positive long run relationship between external debt and public investments in education and health.

Keywords

Economic Growth, External Debt, Human Capital, Co-integration, Bound Test

Dış Borç ve Beşeri Sermaye İlişkisi: Eğitim ve Sağlık Yatırımları Açısından Bir Uygulama

Abstract

Çalışmada, dış borç stoku ile kamunun eğitim ve sağlık yatırımları arasındaki uzun dönemli ilişkiler incelenmiştir. 1989-2014 dönemi yıllık zaman serilerini içeren analizde uzun dönem ilişkileri tespit etmek için ARDL modeline dayalı sınır testi kullanılmıştır. Bulgular, Türkiye ekonomisinde dış borç ile kamu sağlık yatırımları ve dış borç ile kamu eğitim yatırımları arasında uzun dönemli pozitif yönlü ilişkinin olduğunu göstermiştir.

Keywords

Anahtar Kelimeler: Ekonomik Büyüme, Dış Borç, Beşeri Sermaye, Ko-entegrasyon, Sınır Testi

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