FİNANSAL DERİNLEŞME: TÜRKİYE’NİN FİNANSAL DERİNLİĞİ VE PANEL VERİ ANALİZİ

Year 2016, Sayı 25 (2016), 32 - 54, 19.12.2016

Ebubekir Mollaahmetoğlu

Abstract

2007
yılında ABD finans sektöründe yaşanan kriz kısa süre içerisinde reel sektöre de
yansıyarak küresel piyasalara hızla yayılmış ve bir likidite krizine
dönüşmüştür. Krizden sonra, finansal derinleşmenin ekonomik performans
üzerindeki rolünün değiştiğine dair farklı yaklaşımlar iktisat yazınına konu
olmuştur. Finansal derinleşme teorisinin sınanması ekonometrik model
oluşturularak, panel veri analizi yöntemiyle gerçekleştirilmiştir. Modelde,
finansal derinleşmenin ekonomik büyüme üzerindeki etkisi Türkiye dâhil,
gelişmekte olan ülkeler kategorisinde yer alan on dört ülkenin 1995-2012
dönemine ait yıllık verileri kullanılarak oluşturulmuştur. Genel olarak, tahmin
sonucuna göre finansal sistemin derinleşmesi ve gelişmesiyle ekonomide yer alan
tasarrufların yatırımlarla buluşması sonucu ekonomik büyümenin artacağı
öngörüsü desteklenmektedir. 

Keywords

Finansal Derinleşme, Finansal Baskı, Finansal Liberalizasyon, Panel Veri

FINANCIAL DEEPENING: TURKEY'S FINANCIAL DEPTH AND PANEL DATA ANALYSIS

Abstract

The crisis experienced by the US financial sector in 2007 by affecting in a short while the real sector spread like wildfire into the global markets and turned into a liquidity crisis. In the wake of the crisis, various approaches arguing that the role of financial deepening on economic performance changed have been cited in the papers on economics. Financial deepening theory shall be checked through and an econometric model shall be constituted for this by using the panel data analysis. Through the model, the impact of financial deepening on economic growth has been measured by the means of annual data covering the period 1995-2002 and fourteen countries in the category of developing countries including Turkey. According to the estimation, in a deepening and developing financial system, the savings are able to meet investments and thus the prediction of a boosted growth is sustained in general.

Keywords

Financial Deepening, Fiscal Dominance, Financial Liberalization, Panel Data

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