{"id":5184,"date":"2020-10-20T23:26:54","date_gmt":"2020-10-20T20:26:54","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=5184"},"modified":"2020-10-27T02:21:52","modified_gmt":"2020-10-26T23:21:52","slug":"analysis-of-determinants-of-credit-growth-with-time-varying-causality-test-in-turkey","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/analysis-of-determinants-of-credit-growth-with-time-varying-causality-test-in-turkey","title":{"rendered":"T\u00fcrkiye&#8217;de Kredi B\u00fcy\u00fcmesinin Belirleyicilerinin Zamanla De\u011fi\u015fen Nedensellik Testiyle Analizi"},"content":{"rendered":"<p><\/p>\n<table style=\"font-family: Arial, serif; text-align: justify;\" width=\"534\" cellspacing=\"0\" cellpadding=\"7\">\n<tbody>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">Makale Bilgileri<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"169\">\n<table border=\"0\" width=\"100%\" cellspacing=\"5\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Dergi:<\/td>\n<td>Business and Economics Research Journal<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\n<td>T\u00fcrkiye&#8217;de Kredi B\u00fcy\u00fcmesinin Belirleyicilerinin Zamanla De\u011fi\u015fen Nedensellik Testiyle Analizi<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Yazar(lar):<\/td>\n<td>Taner Sekmen, Seher G\u00fcl\u015fah Topuz<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Cilt:<\/td>\n<td>11<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Say\u0131:<\/td>\n<td>4<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Y\u0131l:<\/td>\n<td>2020<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Sayfa:<\/td>\n<td>969-988<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">ISSN:<\/td>\n<td>2619-9491<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">DOI Numaras\u0131:<\/td>\n<td>10.20409\/berj.2020.293<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">\u00d6z<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">Son y\u0131llarda kredi b\u00fcy\u00fcmesi finansal sistemin geli\u015fimi ve iktisadi b\u00fcy\u00fcmenin ana itici g\u00fcc\u00fc olmas\u0131na ra\u011fmen kredi b\u00fcy\u00fcmesini etkileyen fakt\u00f6rlerin yeterince anla\u015f\u0131ld\u0131\u011f\u0131 s\u00f6ylenemez. Bu \u00e7al\u0131\u015fmada T\u00fcrkiye\u2019de finansal sistemin \u00f6nemli bir par\u00e7as\u0131n\u0131 olu\u015fturan kredi b\u00fcy\u00fcmesini hangi iktisadi fakt\u00f6rlerin belirledi\u011fi incelenmektedir. 2006Q1-2019Q4 d\u00f6nemi i\u00e7in yap\u0131lan ekonometrik tahminler Toda ve Yamamoto (1995) ve Hacker ve Hatemi-J (2006) nedensellik testlerine dayanmaktad\u0131r. Ancak bizim yakla\u015f\u0131m\u0131m\u0131z zamanla de\u011fi\u015fen nedenselli\u011fi hesaba katmaktad\u0131r. Kredi b\u00fcy\u00fcmesinin belirleyicileri olarak bankac\u0131l\u0131k sekt\u00f6r\u00fcne ili\u015fkin de\u011fi\u015fkenlerin yan\u0131 s\u0131ra \u00fclkenin makro iktisadi ve para politikas\u0131 ko\u015fullar\u0131 ile d\u0131\u015f talep ve k\u00fcresel likidite ko\u015fullar\u0131n\u0131 temsil eden de\u011fi\u015fkenler incelenmektedir. Makro iktisadi de\u011fi\u015fkenlerden GSYH b\u00fcy\u00fcme oran\u0131 ve enflasyon oran\u0131n\u0131n kredi b\u00fcy\u00fcmesini y\u00f6nlendirici oldu\u011fu fakat kamu borcundan kredilere do\u011fru ise daha seyrek nedensellik ili\u015fkisi oldu\u011fu tespit edilmektedir. Para politikas\u0131 ile ili\u015fkili olarak ise para arz\u0131ndan kredi b\u00fcy\u00fcmesine do\u011fru nedensellik, TCMB faiz oranlar\u0131na g\u00f6re daha belirsizdir. Benzer \u015fekilde, d\u0131\u015f talep ve k\u00fcresel likidite ko\u015fullar\u0131n\u0131 temsil eden ABD federal fon oran\u0131, sermaye giri\u015fi ve d\u00f6viz kuru de\u011fi\u015fkenlerinden kredi arz\u0131na do\u011fru da d\u00f6nemsel nedensellik ili\u015fkilerine rastlanmaktad\u0131r. Bu bulgular kredi b\u00fcy\u00fcmesi ile onun belirleyicileri aras\u0131ndaki nedensellik ili\u015fkilerinin zamana ba\u011fl\u0131 olarak de\u011fi\u015fkenlik g\u00f6sterdi\u011fini a\u00e7\u0131k\u00e7a g\u00f6stermektedir. Dolay\u0131s\u0131yla kredi b\u00fcy\u00fcmesinin istikrar\u0131na y\u00f6nelik politikalar\u0131n dinamik bir \u015fekilde tasarlanmas\u0131 gerektirdi\u011fi ortaya konulmaktad\u0131r.<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"22\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Anahtar Kelimeler:<\/td>\n<td>Kredi B\u00fcy\u00fcmesi, Finansal Sistem, Bankac\u0131l\u0131k Sekt\u00f6r\u00fc, Zamanla De\u011fi\u015fen Nedensellik, T\u00fcrkiye<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" width=\"120\">JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\n<td>C13, E40, E51<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=710\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 2530)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table>Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 2530)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5184\" class=\"pvc_stats all  \" data-element-id=\"5184\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 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g\u00fcc\u00fc olmas\u0131na ra\u011fmen kredi [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5184\" class=\"pvc_stats all  \" data-element-id=\"5184\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 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class=\"pvc_clear\"><\/div>\n","protected":false},"author":4638,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,7],"tags":[],"class_list":["post-5184","post","type-post","status-publish","format-standard","hentry","category-makale","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":147,"today_views":0},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/5184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/4638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=5184"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/5184\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=5184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=5184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=5184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}