Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014)
Dynamical Relationshıp Between Economical Growth and External Debt The Case of Turkey: (1987-2014)

Serdar ÖZTÜRK [1] , Nazife Özge KILIÇ [2]

317 307

Usage of foreign sources becomes unavoidable in the countries where country sources and domestic savings are not sufficient to finance economic growth and development. From this point of view, like in the economy of developed or developing countries, external debt is an important finance in Turkey’s economy. The main purpose of this work is to try to show the relationship between economic growth and external debt, in Turkey. For this aim, the annual data which shows the external debt and GDP of Turkey economy, between 1987 and 2014, were used. The variations which existed from 1987 to 2014, were obtained as annual data from the World Bank database. The stationarity of time series, which were used in the analyses, were examined with Augmented Dickey Fuller (ADF) tests. As a result of the ADF unit root test, it was seen that; external debt and economic growth variables have a unit root, with constant and constant-trend, in the level; and, they are both stationary in the first difference. Itis a matter of that there is two-way causation relation from external debts variable to fixed capital investments variable.

Usage of foreign sources becomes unavoidable in the countries where country sources and domestic savings are not sufficient to finance economic growth and development. From this point of view, like in the economy of developed or developing countries, external debt is an important finance in Turkey’s economy. The main purpose of this work is to try to show the relationship between economic growth and external debt, in Turkey. For this aim, the annual data which shows the external debt and GDP of Turkey economy, between 1987 and 2014, were used. The variations which existed from 1987 to 2014, were obtained as annual data from the World Bank database. The stationarity of time series, which were used in the analyses, were examined with Augmented Dickey Fuller (ADF) tests. As a result of the ADF unit root test, it was seen that; external debt and economic growth variables have a unit root, with constant and constant-trend, in the level; and, they are both stationary in the first difference. Itis a matter of that there is two-way causation relation from external debts variable to fixed capital investments variable.

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Konular İktisat
Dergi Bölümü Makaleler
Yazarlar

Orcid:
Yazar: Serdar ÖZTÜRK
Kurum: NEVŞEHİR HACI BEKTAŞ VELİ ÜNİVERSİTESİ
Ülke: Turkey


Orcid: NÖK
Yazar: Nazife Özge KILIÇ
Kurum: AĞRI İBRAHİM ÇEÇEN ÜNİVERSİTESİ
Ülke: Turkey


Bibtex @araştırma makalesi { ohuiibf296654, journal = {Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi}, issn = {2564-6931}, address = {Ömer Halisdemir Üniversitesi}, year = {}, volume = {10}, pages = {86 - 95}, doi = {}, title = {Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014)}, key = {cite}, author = {ÖZTÜRK, Serdar and KILIÇ, Nazife Özge} }
APA ÖZTÜRK, S , KILIÇ, N . (). Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014). Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 10 (2), 86-95. Retrieved from http://dergipark.gov.tr/ohuiibf/issue/28958/296654
MLA ÖZTÜRK, S , KILIÇ, N . "Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014)". Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 10 (): 86-95 <http://dergipark.gov.tr/ohuiibf/issue/28958/296654>
Chicago ÖZTÜRK, S , KILIÇ, N . "Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014)". Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 10 (): 86-95
RIS TY - JOUR T1 - Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014) AU - Serdar ÖZTÜRK , Nazife Özge KILIÇ Y1 - 2018 PY - 2018 N1 - DO - T2 - Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi JF - Journal JO - JOR SP - 86 EP - 95 VL - 10 IS - 2 SN - 2564-6931- M3 - UR - Y2 - 2018 ER -
EndNote %0 Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014) %A Serdar ÖZTÜRK , Nazife Özge KILIÇ %T Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014) %D 2018 %J Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi %P 2564-6931- %V 10 %N 2 %R %U
ISNAD ÖZTÜRK, Serdar , KILIÇ, Nazife Özge . "Dynamical Relationship Between Economical Growth and External Debt The Case of Turkey: (1987-2014)". Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 10 / 2 86-95.