Hollanda Hastalığı: Gelişmekte Olan Ülkeler Üzerine Bir Uygulama

Yıl 2012, Cilt: 18 Sayı: 18, - , 01.09.2012

Ayşe Arı , Burcu Özcan

Öz

Özellikle gelişmekte olan ülkeler için önemli bir finansal kaynak olan işçi dövizlerinin büyük değerlere ulaşması araştırmacıların dikkatini çekmektedir. Bununla birlikte işçi dövizlerinin Hollanda hastalığına neden olacağının literatürde geniş kabul görmesi, konunun önemini bir kat daha artırmaktadır. Bu çalışmanın amacı da, işçi dövizlerinin Hollanda hastalığı problemine sebep olup olmadığını sorgulamaktır. Panel veri modellerinden sabit etki ve araç değişken yöntemlerinin tercih edildiği çalışma sonucunda Hollanda hastalığının varlığını doğrulayan kanıtlara ulaşılmıştır.

Anahtar Kelimeler

-

Kaynakça

• Acosta, P.A., E.K.K. Lartey ve F.S. Mandelman (2009), “Remittances and the Dutch Disease” Journal of International Economics, 79 (1), 102–116.
• Adenauer, I. & L. Vagassky (1998), “Aid and the Real Exchange Rate: Dutch Disease Effects in African Countries”, Intereconomics: Review of European Economic Policy, 33(4), 177–185.
• Agenor, P.R., A.W. Hoffmmaister ve C.I. Medeiros (1997), “Cyclical Fluctuations in Brazil’s Real Exchange Rate: the Role of Domestic and External Factors”, IMF Working Paper, WP/97/128.
• Amuedo-Dorantes, C., S. Pozo ve C. Vargas-Silva (2007), “Remittances and the Macroeconomy: The Case of Small Island Developing States”, UNU-WIDER Project Meeting on Fragility and Development, Suva, Fiji.
• Balassa, B. (1964), “The purchasing Power Parity doctrine: A reappraisal”, The Journal of Political Economy, 72 (6), 584–596.
• Baltagi, B.H. ve P.X. Wu (1999), “Unequally Spaced Panel Data Regressions With AR(1) Disturbances”, Econometric Theory, 15 (6), 814–823.
• Baltagi, B.H. (2005), Econometric Analysis of Panel Data, (3rd ed.), England, John Wiley & Sons Ltd.
• Barajas, A., R. Chami, D.S. Hakura ve P. Montiel (2010), “Workers’ Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence”, IMF Working Paper, WP/10/287.
• Baum, C.F. (2006), An Introduction to Modern Econometrics Using Stata. Texas, United States, Stata Press Publication.
• Bhargava, A., L. Franzini ve W. Narendranathan (1982), “Serial Correlation and Fixed Effects Model”, Review of Economic Studies, 49(4), 533-549.
• Bourdet, Y. ve H. Falck (2006), “Emigrants’ remittances and Dutch Disease in Cape Verde”, International Economic Journal, 20(3), 267–284.
• Caceres, L.R. ve N.N. Saca (2006), “What Do Remittances Do? Analyzing the Private Remittance Transmission Mechanism in El Salvador”, IMF Working Paper, 06/250, Washington.
• Copenhagen Business School: CBS (2010), “Applied Quantitative Methods for Phd Students: Intermediate Econometrics II”, Unpublished lecture notes.
• Corden,W.M., J.P. Neary (1989), “Booming Sector and Deindustrialisation in a Small Open Economy”, Economic Journal, 92, 825–848.
• Drine, I. ve C. Rault (2003), “Long-run determinants of real exchange rate: New evidence based on panel data unit root and cointegration tests for MENA countries”, Paper presented at the international conferance on Money, Macro and Finance, 5–7 September 2003.
• Durbin, J. (1954), “Errors in Variables”, Review of the International Statistical Institute, 22 (1–3), 23–32.
• Edison, H.ve J. Klovland (1987), “A Quantitative Recessement of the Purchasing Power Parity Hypothesis: Evidence from Norway and the United Kingdom”, Journal of Applied Econometrics, 4(2), 309–333.
• Edsel, Beja Jr. (2010), “Do international remittances cause Dutch disease?”, MPRA, No. 23022.
• Edwards, Sebastian (1989 ), Real Exchange Rate, Devaluation and Adjustment, The MIT Press, Cambridge.
• Edwards, S. (1988), “Exchange Rate Misalignment in Developing Countries”, The World Bank Occasional Paper, Number 2, New Series, The World Bank.
• Égert, B. (2005), “Equilibrium Exchange Rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) Diseased?”, William Davidson Institute Working Paper, Number 770.
• Fayad, G. (2010), “Remittances and Dutch Disease: A Dynamic Heterogeneous Panel Anaysis on the Middle East and North Africa Countries”, Centre for the Study of African Economies, University of Oxford, <http://www.csae.ox.ac.uk/conferences/2010-EDiA/papers/470-Fayad.pdf>, 14.12.2011.
• Fielding, D. (2007), “Aid and Dutch Disease in the South Pacific”, University of Otago Economics Discussion Papers, No. 0703.
• Froot, K. ve K. Rogoff (1991), “Government consumption and the real exchange rate: The empirical evidence”, Mimeo, Harvard Business School.
• Giuliano, P. ve M. Ruiz-Arranz (2006), “Remittances, Financial Development and Growth”, IZA Discussion Paper Series, No. 2160, June 2006.
• Gupta, S., C. Pattillo ve S. Wagh (2007), “Impact of Remittances on Poverty and Financial Development in Sub-Saharan Africa”, IMF Working Paper, WP/07/38.
• Hausman, J.A. (1978), “Specification Tests in Econometrics”, Econometrica, 46(6), 1251–1271.
• Wu, D.M. (1973), “Alternative Tests of Independence between Stochastic Regressors and Distrurbances”, Econometrica, 41 (4),733–750.
• Hsieh, D. (1982), “The determination of the real exchange rate: the productivity approach”, Journal of International Economics, 12(2), 355–362.
• Hyder, Z. ve A. Mahboob (2005), “Equilibrium Real Effective Exchange Rate and Real Exchange Rate Misalignment in Pakistan”, Mimeo, State Bank of Pakistan.
• Jongwanich, J. (2007), “Workers’ Remittances, Economic Growth and Poverty in Developing Asia and Pasific Countries”, UNESCAP Working Paper, WP/07/01.
• Pesaran, M.H. (2004), “General Diagnostic Tests for Cross-section Dependence in Panels”, Working Paper, Trinity College, Cambridge.
• Rajan, R. ve A. Subramanian (2005), “What undermines aid's impact on growth?”, NBER Working Paper, No.11657.
• Rao, B.B.ve G. Hassan (2009), “A panel data analysis of the growth effects of remittances”, MPRA Working Paper.
• Saadi-Sedik, T. ve M. Petri (2006), “To Smooth or Not to Smooth: The Impact of Grants and Remittances on the Equilibrium Real Exchange Rate in Jordan”, IMF Working Paper, No. 06/257, Washington D.C.
• Samuelson, P.A. (1964), “Theortical Notes on Trade Problems”, Review of Economics and Statistic, 46 (2), 145–154.
• Staiger, D. ve J.H. Stock (1997), “Instumental Variables Regression with Weak Instruments”, Econometrica, 65 (3), 557–586.
• Wooldridge, J. M. (2009), Introductory Econometrics: A Modern Approach, (4th ed.). South Western, Cengage Learning, Canada.