Öz
Bu çalışmanın amacı gelişmekte olan ekonomilerden biri olan Türkiye için işçi dövizleri, doğrudan yabancı yatırımları ve bankacılık sektörünün gelişimi arasındaki ilişkilerin araştırılmasıdır. Söz konusu değişkenler arasındaki ilişkiler 19742012 arasındaki yıllık veriler kullanılarak Toda Yamamoto (1995) tarafından geliştirilen nedensellik analizi yardımıyla incelenmiştir. Uzun dönemde Toda Yamamoto (1995), kısa dönemde etki-tepki, yöntemlerine dayanan analizler sonucu elde edilen bulgular kredi hacminden doğrudan yabancı sermaye yatırımlarına doğru tek yönlü bir nedenselliğin varlığına işaret etmektedir. Bir başka ifadeyle, artan kredi hacimleri doğrudan yabancı sermaye yatırımlarını çekmektedir. Çalışma kapsamında beklenen bir sonuç olarak bankacılık sektörü mevduat birikimlerinin kredi hacimlerinde artışa yol açtığı sonucuna ulaşılmıştır. Bunun yanısıra, bulgular Türk bankacılık sektörü gelişiminin işçi dövizlerinin ülkeye girişinde teşvik edici bir unsur olarak görüldüğüne işaret etmektedir. Elde edilen bulgular doğrudan yabancı sermaye yatırımları ya da işçi dövizlerinin bankacılık sektörü gelişmi üzerindeki etksini desteklememektedir
Anahtar Kelimeler
Kaynakça
- ABALA, Daniel; (2014), “Foreign Direct Investment and Eco- nomic Growth: An Empirical Analysis of Kenyan Data”, DBA
- AĞIR, Hüseyin, Muhsin KAR ve Şaban NAZLIOĞLU; (2011)
- “Do Remittances Matter for Financial Development in the MENA Region: Panel Cointegration and Causality Analysis”, Empirical Economics Letters, 10(5), ss. 449–456. AYAYDIN, Hasan ve Nuri BALTACI; (2013), “Corruption, Bank- ing Sector, and Stock Market Development: A Panel Data
- Analysis”, European Journal of Research on Education, İnsan Kaynakları Yönetimi Özel Sayısı, ss.94–99. AYOUNI Saif Eddine, Fakhri ISSAOUI ve Salem BRAHIM; (2014), “Financial Liberalization, Foreign Direct Investment and Economic Growth: A Dynamic Panel Data Validation”, In- ternational Journal of Economics and Financial Issues, 4(3), ss. 677–697.
- BERTHÉLEMY, Jean-Claude ve Sylvie DÉMURGER; (2000)
- “Foreign Direct Investment and Economic Growth: Theory and Application to China”, Review of Development Economics, (2), 140–155. BORENSZTEIN, Eduardo, Jose DE GREGORIO ve Jong-Wha LEE; (1998), “How Does Foreign Direct Investment Affect Eco- nomic Growth?”, Journal of International Economics, 45(1), ss.115–135.
- CHEE, Yen Li ve Mahendhiran NAIR; (2010), “The Impact of
- FDI and Financial Sector Development on Economic Growth: Empirical Evidence from Asia and Oceania”, International Jour- nal of Economics and Finance, 2(2), ss. 107–119. CHOONG, Chee-Keon ve Kian-Ping LIM; (2009), “Foreign
- Remittances on Economic Growth and Development in Africa”, Tartışma Metinleri Serisi, erişim adresi: http://capone.mtsu. edu/berc/working/WP2008_02remittances.pdf
- Bölümü Tartışma Metni Serileri, erişim adresi: https://ideas. repec.org/p/mts/wpaper/201006.html
- GUDARO, Amna Muhammad, Imran Umer CHHAPRA ve Salman Ahmed SHEIKH; (2010), “Impact of Foreign Direct
- Investment on Economic Growth: A Case Study of Pakistan”, Journal of Management and Social Sciences, 6(2), ss. 84–92. GUPTA, Sanjeev, Cathrine PATTILLO ve Smita WAG; (2009)
- Journal of Economics and Financial Issues, 4(2), ss. 376–381. HERIOT, Kirk, John THEIS ve Noel D. CAMPBELL; (2008)
- “Foreign Direct Investment and Economic Freedom: An Empiri- cal Investigation” Tartışma metinleri, erişim adresi: http://www. mfa-2008.com/papers/FDI%20FI%20Midwest%20Final.pdf
- A study of the South-Eastern and Eastern European, Master Tezi, Jonköping International Business School, Jӧnkӧping Üni- versitesi, erişim adresi: http://www.diva-portal.org/smash/get/ diva2:235158/FULLTEXT01.pdf
- Journal of Banking and Finance, 8, ss. 47-66. OKE, Babatunde Olufemi, Olayinka Marte UADIALE Okwy ve Peter OKPALA; (2011), “Impact of Workers’ Remittances on
- Financial Development in Nigeria”, International Business Re- search, 4(4), ss. 218–225. OLADIPO, SO; (2013) “Macroeconomic Determinant of For- eign Direct Investment in Nigeria (1985-2010): A GMM Ap- proach”, Journal of Emerging Issues in Economics, Finance and Banking (JEIEFB), 2(4), ss. 801–817.
- ÖÇAL, Tezer ve Faruk, ÇOLAK; (1999) Finansal Sistem ve Bankalar, Nobel Yayın Dağıtım, Ankara.
- SAMI, Janesh; (2013), “Remittances, Banking Sector Devel- opment and Economic Growth in Fiji”, International Journal of
- Economics and Financial Issues, 3(2), ss. 503–511. SAMADI, Saeid, Saeid FATHI ve Sima TAHMASEBI; (2011)
- İşletme Fakültesi Dergisi, 3 (1), ss.163-182. SAYAN, Serdar; (2004), “Guest Workers’ Remittances and Output Fluctuations in Host and Home Countries: The Case of Remittances from Turkish Workers”, Emerging Markets Fi- nance and Trade, 40(6), ss. 68-81.
- WP/06/52, erişim adresi: https://www.imf.org/external/pubs/ft/ wp/2006/wp0652.pdf
- SHAHRUDIN, Nursuhaili, Zarinah YUSOF ve Nurul Huda MOHD; (2010), “Determinants of Foreign Direct Investment in
- Malaysia: What Matters Most?”, International Review of Busi- ness Research Papers, 6(6), ss.235–245. SIDDIQUE, Abu, Eliyathamby Antony SELVANATHAN ve Saroja SELVANATHAN; (2010), “Remittances and Economic
- Growth: Empirical Evidence From Bangladesh India and SriL- anka”, Griffith Business School Tartışma Metinleri Serisi No: 27, erişim adresi: http://www.business.uwa.edu.au/__data/ assets/pdf_file/0006/1371948/10-27-Remittances-and-Eco- nomic-Growth.pdf
- Journal of Econometrics, 66(1-2), ss.225–250. UMOH, Okon, Augustine JACOB ve Chuku A. CHUKU; (2012)
Öz
This paper aims to examine the relation between remittances, foreign direct investment (FDI) and banking sector development for a developing economy; we have more specifically chosen the case of Turkey. Using annual data from 1974 to 2012, we examine their relationship using causality analysis developed by Toda Yamamoto (1995). Our short run and long run analyses based on generalized impulse response and Toda Yamamoto Granger Non Causality approaches (1995) suggest that there is unidirectional granger causality running from credit volume to FDI. This means that increases in credit volumes leads to FDI flows to Turkey. Moreover, increase in FDI to home is seen as an incentive for worker remittances. As expected, it is found in this study that increase in deposit accounts leads to high credit volumes in Turkey. In addition, banking sector development is seen as incentive for the worker remittances. However, we could not find any evidence supporting the effect of FDI or remittances on banking sector development
Anahtar Kelimeler
Remittances Foreign Direct Investment Banking Sector Development
Kaynakça
- ABALA, Daniel; (2014), “Foreign Direct Investment and Eco- nomic Growth: An Empirical Analysis of Kenyan Data”, DBA
- AĞIR, Hüseyin, Muhsin KAR ve Şaban NAZLIOĞLU; (2011)
- “Do Remittances Matter for Financial Development in the MENA Region: Panel Cointegration and Causality Analysis”, Empirical Economics Letters, 10(5), ss. 449–456. AYAYDIN, Hasan ve Nuri BALTACI; (2013), “Corruption, Bank- ing Sector, and Stock Market Development: A Panel Data
- Analysis”, European Journal of Research on Education, İnsan Kaynakları Yönetimi Özel Sayısı, ss.94–99. AYOUNI Saif Eddine, Fakhri ISSAOUI ve Salem BRAHIM; (2014), “Financial Liberalization, Foreign Direct Investment and Economic Growth: A Dynamic Panel Data Validation”, In- ternational Journal of Economics and Financial Issues, 4(3), ss. 677–697.
- BERTHÉLEMY, Jean-Claude ve Sylvie DÉMURGER; (2000)
- “Foreign Direct Investment and Economic Growth: Theory and Application to China”, Review of Development Economics, (2), 140–155. BORENSZTEIN, Eduardo, Jose DE GREGORIO ve Jong-Wha LEE; (1998), “How Does Foreign Direct Investment Affect Eco- nomic Growth?”, Journal of International Economics, 45(1), ss.115–135.
- CHEE, Yen Li ve Mahendhiran NAIR; (2010), “The Impact of
- FDI and Financial Sector Development on Economic Growth: Empirical Evidence from Asia and Oceania”, International Jour- nal of Economics and Finance, 2(2), ss. 107–119. CHOONG, Chee-Keon ve Kian-Ping LIM; (2009), “Foreign
- Remittances on Economic Growth and Development in Africa”, Tartışma Metinleri Serisi, erişim adresi: http://capone.mtsu. edu/berc/working/WP2008_02remittances.pdf
- Bölümü Tartışma Metni Serileri, erişim adresi: https://ideas. repec.org/p/mts/wpaper/201006.html
- GUDARO, Amna Muhammad, Imran Umer CHHAPRA ve Salman Ahmed SHEIKH; (2010), “Impact of Foreign Direct
- Investment on Economic Growth: A Case Study of Pakistan”, Journal of Management and Social Sciences, 6(2), ss. 84–92. GUPTA, Sanjeev, Cathrine PATTILLO ve Smita WAG; (2009)
- Journal of Economics and Financial Issues, 4(2), ss. 376–381. HERIOT, Kirk, John THEIS ve Noel D. CAMPBELL; (2008)
- “Foreign Direct Investment and Economic Freedom: An Empiri- cal Investigation” Tartışma metinleri, erişim adresi: http://www. mfa-2008.com/papers/FDI%20FI%20Midwest%20Final.pdf
- A study of the South-Eastern and Eastern European, Master Tezi, Jonköping International Business School, Jӧnkӧping Üni- versitesi, erişim adresi: http://www.diva-portal.org/smash/get/ diva2:235158/FULLTEXT01.pdf
- Journal of Banking and Finance, 8, ss. 47-66. OKE, Babatunde Olufemi, Olayinka Marte UADIALE Okwy ve Peter OKPALA; (2011), “Impact of Workers’ Remittances on
- Financial Development in Nigeria”, International Business Re- search, 4(4), ss. 218–225. OLADIPO, SO; (2013) “Macroeconomic Determinant of For- eign Direct Investment in Nigeria (1985-2010): A GMM Ap- proach”, Journal of Emerging Issues in Economics, Finance and Banking (JEIEFB), 2(4), ss. 801–817.
- ÖÇAL, Tezer ve Faruk, ÇOLAK; (1999) Finansal Sistem ve Bankalar, Nobel Yayın Dağıtım, Ankara.
- SAMI, Janesh; (2013), “Remittances, Banking Sector Devel- opment and Economic Growth in Fiji”, International Journal of
- Economics and Financial Issues, 3(2), ss. 503–511. SAMADI, Saeid, Saeid FATHI ve Sima TAHMASEBI; (2011)
- İşletme Fakültesi Dergisi, 3 (1), ss.163-182. SAYAN, Serdar; (2004), “Guest Workers’ Remittances and Output Fluctuations in Host and Home Countries: The Case of Remittances from Turkish Workers”, Emerging Markets Fi- nance and Trade, 40(6), ss. 68-81.
- WP/06/52, erişim adresi: https://www.imf.org/external/pubs/ft/ wp/2006/wp0652.pdf
- SHAHRUDIN, Nursuhaili, Zarinah YUSOF ve Nurul Huda MOHD; (2010), “Determinants of Foreign Direct Investment in
- Malaysia: What Matters Most?”, International Review of Busi- ness Research Papers, 6(6), ss.235–245. SIDDIQUE, Abu, Eliyathamby Antony SELVANATHAN ve Saroja SELVANATHAN; (2010), “Remittances and Economic
- Growth: Empirical Evidence From Bangladesh India and SriL- anka”, Griffith Business School Tartışma Metinleri Serisi No: 27, erişim adresi: http://www.business.uwa.edu.au/__data/ assets/pdf_file/0006/1371948/10-27-Remittances-and-Eco- nomic-Growth.pdf
- Journal of Econometrics, 66(1-2), ss.225–250. UMOH, Okon, Augustine JACOB ve Chuku A. CHUKU; (2012)
Ayrıntılar
| Birincil Dil | Türkçe |
|---|---|
| Bölüm | Research Article |
| Yazarlar | |
| Yayımlanma Tarihi | 1 Aralık 2014 |
| Yayımlandığı Sayı | Yıl 2014 Sayı: 598 |