Relationship Between Domestic Saving and Economic Growth: In Turkey
Yurtiçi Tasarruflar ile Ekonomik Büyüme Arasındaki İlişki: Türkiye Örneği

Author : Volkan ALPTEKİN -& Hicran KASA & Esra UYGUN
Number of pages : 621-630

Abstract

In an economy over the certain period, the portion of the obtained income that is not consumed is called savings. The basis of economic growth, expressed as an increase in the capacity to produce goods and services; domestic savings are the main financing of the investments that make investments to increase production factors. On the basis of statistical data; Looking at the recent history of Turkey, the decline in domestic savings rates and the resulting savings-investment deficit and current account deficits on the economy have led to the resurgence of domestic savings. The purpose of this study is; the relationship between domestic savings and economic growth is to examine the scale of Turkey. This study prepared as in three sections and the literature was reviewed in the first part of the study. In the second chapter, the growth rates of Turkey and other OECD countries were compared using the World Bank and the OECD's national savings and per capita GDP data, and inferences were made in the increase of domestic savings. In the last part, 1987-2015 data of the Turkish economy was analyzed using ARDL Model and it was determined that there is a positive relationship between domestic saving and growth.

Keywords

Domestic Savings, Economic Growth, ARDL, Turkey, OECD

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