Sermaye piyasalarının gelişmişlik düzeyi ekonomik büyüme ilişkisi: Türkiye örneği
Özet
In this thesis study, the connection between capital market development, economic growth and private investment is investigated by employing Vector Autoregression (VAR) methodology. The quarterly data set for the period of 1986-2005 is utilized in the study. To compute the level of development in the capital market, the indicators for size, efficiency and fiscal dominance of public sector are built up and the effects of these variables over long run economic growth performance are analyzed. The results indicate that the development in capital market has positive impact on both private investments and economic growth in Turkey.