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Kýrýlgan Beþli Ülkelerde Hisse Senedi Piyasasý Geliþimi ve Ekonomik Büyüme Ýliþkisi

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  • Yeþim Helhel

    (Akdeniz Üniversitesi, Turizm Fakültesi, Turizm Ýþletmeciliði Bölümü, Antalya.)

Abstract

Bu çalýþmanýn amacý, 2002-2016 döneminde Kýrýlgan Beþli ülkeler olarak tanýmlanan Brezilya, Hindistan, Endonezya, Güney Afrika ve Türkiye’de hisse senedi piyasasý geliþimi ve ekonomik büyüme iliþkisini panel eþ-bütünleþme ve nedensellik testleri ile analiz etmektir. Analizde hisse senedi piyasasý geliþimini temsil eden üç adet parametre, büyüme göstergesi olarak kiþi baþýna düþen milli gelir kullanýlmýþ ve hisse senedi piyasasý ile büyüme arasýnda uzun dönemli eþ-bütünleþme iliþkisi tespit edilmiþtir. Bulgular nedensellik iliþkisinin hisse senedi piyasasý geliþiminden ekonomik büyümeye doðru olduðunu göstermiþ ve arz öncüllü hipotezin geçerliliðini ortaya koymuþtur. Panel DOLS ve FMOLS test sonuçlarý hisse senetlerinin piyasa deðeri (kapitalizasyon) ve iþlem deðerinin büyümeye etkisinde genel sonuçlarla paralellik göstermiþtir.

Suggested Citation

  • Yeþim Helhel, 2019. "Kýrýlgan Beþli Ülkelerde Hisse Senedi Piyasasý Geliþimi ve Ekonomik Büyüme Ýliþkisi," Isletme ve Iktisat Calismalari Dergisi, Econjournals, vol. 7(1), pages 19-29.
    • Handle: RePEc:eco:journ4:2019-01-2
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    More about this item

    Keywords

    Economic Growth; Financial Development; Stock Markets; Fragile Five; Panel Data;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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