Yıl: 2016 Cilt: 0 Sayı: 48 Sayfa Aralığı: 145 - 174 Metin Dili: Türkçe İndeks Tarihi: 29-07-2022

İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ

Öz:
Bu çalışma, cari işlemler açığı, bütçe açığı ve sabit sermaye yatırımı değişkenlerini kullanarak 20 OECD ülkesi için ikiz açıklar ve Feldstein-Horioka hipotezinin geçerliliğini araştırmaktadır. Ampirik uygulamada değişkenler arasında eşbütünleşmenin varlığı doğrulanmış ve her iki hipotezinde geçerli olduğu sonucuna ulaşılmıştır. Çalışmadan elde edilen sonuçlara göre, OECD ülkelerinde bütçe açığındaki bir artış cari işlemler açığını artırmaktadır. Ayrıca, yatırım katsayısının 1'e yakın olması (0.929) ilgili dönemde incelenen ülke grubunun dünya ekonomisi ile bütünleştiğini ve yurt içi yatırımların yaklaşık %93'ünün yurt dışı kaynaklardan finanse edildiğini ortaya koymaktadır. Buna göre, politika uygulayıcılarının artan bütçe ve tasarruf açıklarını azaltmaya yönelik politikaları desteklemeleri gerekmektedir
Anahtar Kelime:

Konular: İşletme İktisat

TWIN DEFICITSANDTHE FELDSTEIN-HORIOKAHYPOTHESIS: THE ANALYSIS OF PANEL COINTEGRATION WITH STRUCTURAL BREAK UNDER THE CROSS SECTION DEPENDENCEON OECD COUNTRIES

Öz:
This study investigates the validity of the twin deficits and the Feldstein-Horioka hypotheses for 20 OECD countries by using the current account deficit, budget deficit andfixed capital investmentvariables. The presence of co-integration has been confirmed among variables in empirical application and it has been concluded that both hypotheses are valid. According to the results obtained from the study,an increase in the budget deficit increases the current account deficit in OECD countries. Furthermore, Investment coefficient's being close to 1(0.929) reveals that the group of countries which is examined during the relevant period integrates with the world economy and approximately %93 of domestic investment are financed from foreign sources. Accordingly, policy makers should support the policies that reduce increasing budget and savings deficit
Anahtar Kelime:

Konular: İşletme İktisat
Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA KOÇBULUT O, ALTINTAŞ H (2016). İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. , 145 - 174.
Chicago KOÇBULUT OZGÜR,ALTINTAŞ Halil İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. (2016): 145 - 174.
MLA KOÇBULUT OZGÜR,ALTINTAŞ Halil İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. , 2016, ss.145 - 174.
AMA KOÇBULUT O,ALTINTAŞ H İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. . 2016; 145 - 174.
Vancouver KOÇBULUT O,ALTINTAŞ H İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. . 2016; 145 - 174.
IEEE KOÇBULUT O,ALTINTAŞ H "İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ." , ss.145 - 174, 2016.
ISNAD KOÇBULUT, OZGÜR - ALTINTAŞ, Halil. "İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ". (2016), 145-174.
APA KOÇBULUT O, ALTINTAŞ H (2016). İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 0(48), 145 - 174.
Chicago KOÇBULUT OZGÜR,ALTINTAŞ Halil İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 0, no.48 (2016): 145 - 174.
MLA KOÇBULUT OZGÜR,ALTINTAŞ Halil İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol.0, no.48, 2016, ss.145 - 174.
AMA KOÇBULUT O,ALTINTAŞ H İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2016; 0(48): 145 - 174.
Vancouver KOÇBULUT O,ALTINTAŞ H İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2016; 0(48): 145 - 174.
IEEE KOÇBULUT O,ALTINTAŞ H "İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ." Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 0, ss.145 - 174, 2016.
ISNAD KOÇBULUT, OZGÜR - ALTINTAŞ, Halil. "İKİZ AÇIKLAR VE FELDSTEIN-HORIOKA HİPOTEZİ: OECD ÜLKELERİ ÜZERİNE YATAY KESİT BAĞIMLILIĞI ALTINDA YAPISAL KIRILMALI PANEL EŞBÜTÜNLEŞME ANALİZİ". Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 48 (2016), 145-174.