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İNŞAAT SEKTÖRÜNÜN EKONOMİK BÜYÜMEDEKİ ROLÜ: TÜRKİYE ÖRNEĞİ

Year 2017, Volume: 26 Issue: 2, 239 - 247, 31.10.2017

Abstract

İnşaat
sektörü bina ve bina dışı inşaat ayrımı başta olmak üzere karayolu, demiryolu,
havayolu, liman, baraj, köprüler vb. altyapı yatırımlarını da içine alan
oldukça geniş kapsamlı bir iktisadi faaliyet koludur. Kullandığı girdiler ve bu
girdilerin çeşitliliği açısından geri besleme etkilerinin çok güçlü olduğu ve
istihdama katkısı açısından da ekonomik büyümenin yakalanması ve
sürdürülmesinde oldukça önemli bir rol üstlenmektedir. Ayrıca kamu ve özel
sektör eliyle yürütülen inşaat sektörü bir bütün olarak diğer mal ve
hizmetlerin üretilebilmesi için gerekli olan altyapıyı ve üstyapıyı
sağlamaktadır. Bu nedenle, bu çalışmanın amacı kamu ve özel sektör tarafından
inşaat sektörüne yapılan harcamaların ekonomik büyüme üzerindeki etkilerini
Türkiye ekonomisi açısından incelemek ve değerlendirmektir. Çalışmada eş
bütünleşme testlerinin gücünü arttırmak amacıyla Bayer ve Hanck tarafından
geliştirilen eş bütünleşme testi kullanılmıştır. Serilerin birinci dereceden
bütünleşik olduğu tespit edildikten sonra uygulanan Bayer-Hanck eş bütünleşme
test sonuçları GSYH, KKİH ve ÖKİH değişkenleri arasında uzun dönemli bir
ilişkinin varlığını tespit etmiştir. Serilerin uzun dönemli ilişkili olduğu tespit
edildikten sonra, uzun dönem katsayıların tahmini için DOLS ve FMOLS tahmin
yöntemleri uygulanmıştır. Elde edilen katsayılar KKİH ve ÖKİH’deki 1%’lik
artışa karşılık GSYH’de sırasıyla 0.35% ve 0.73%’lük bir artış olacağını
göstermektedir.

References

  • An, C. B., & Jeon, S. H. (2006). Demographic changes and economic growth in Korea. In APEA Conference. Banerjee, A., Dolado, J., & Mestre, R. (1998). Error‐correction mechanism tests for cointegration in a single‐equation framework. Journal of time series analysis, 19(3), 267-283. Bayer, C., & Hanck, C. (2013). Combining non‐cointegration tests. Journal of Time Series Analysis, 34(1), 83-95. Bon, R. (1992). The future of international construction: secular patterns of growth and decline. Habitat International, 16(3), 119-128. Boswijk, H. P. (1994). Testing for an unstable root in conditional and structural error correction models. Journal of econometrics, 63(1), 37-60. Chandra, A., & Thompson, E. (2000). Does public infrastructure affect economic activity?: Evidence from the rural interstate highway system. Regional Science and Urban Economics, 30(4), 457-490. Chang, T., & Nieh, C. C. (2004). A note on testing the causal link between construction activity and economic growth in Taiwan. Journal of Asian Economics, 15(3), 591-598. Demurger, S. (2001). Infrastructure development and economic growth: an explanation for regional disparities in China?. Journal of Comparative economics, 29(1), 95-117. Holtz-Eakin, D., & Schwartz, A. E. (1995). Spatial productivity spillovers from public infrastructure: evidence from state highways. International Tax and Public Finance, 2(3), 459-468. Elliott, G., Jansson, M., & Pesavento, E. (2005). Optimal power for testing potential cointegrating vectors with known parameters for nonstationarity. Journal of Business & Economic Statistics, 23(1), 34-48. Engle, R. F., & Granger, C. W. (1987). Co-integration and error correction: representation, estimation, and testing. Econometrica: journal of the Econometric Society, 251-276. Esfahani, H. S., & Ramı́rez, M. T. (2003). Institutions, infrastructure, and economic growth. Journal of development Economics, 70(2), 443-477. Fan, S., & Zhang, X. (2004). Infrastructure and regional economic development in rural China. China economic review, 15(2), 203-214. Farhani, S., Shahbaz, M., & Ozturk, I. (2014). Coal consumption, industrial production and CO2 emissions in China and India (No. 2014-225). Fedderke, J. W., Perkins, P., & Luiz, J. M. (2006). Infrastructural investment in long-run economic growth: South Africa 1875–2001. World development, 34(6), 1037-1059. Fedderke, J. W., & Bogetić, Ž. (2009). Infrastructure and growth in South Africa: Direct and indirect productivity impacts of 19 infrastructure measures. World Development, 37(9), 1522-1539. Govindaraju, V. C., & Tang, C. F. (2013). The dynamic links between CO 2 emissions, economic growth and coal consumption in China and India. Applied Energy, 104, 310-318. Göçer, I., & Bulut, S. (2015). Petrol Fiyatlarindaki Degisimlerin Rusya Ekonomisine Etkileri: Çoklu Yapisal Kirilmali Esbütünlesme ve Simetrik Nedensellik Analizi. Cankiri Karatekin Universitesi Iktisadi ve Idari Bilimler Fakultesi Dergisi, 5(2), 721. Hacker, R. S., & Hatemi-J, A. (2006). Tests for causality between integrated variables using asymptotic and bootstrap distributions: theory and application. Applied Economics, 38(13), 1489-1500. Hacker, S., & Hatemi-J, A. (2012). A bootstrap test for causality with endogenous lag length choice: theory and application in finance. Journal of Economic Studies, 39(2), 144-160. Hillebrandt, P. M. (1985). Economic theory and the construction industry. 3rd edition London: Macmillan. Holtz-Eakin, D., & Schwartz, A. E. (1995). Infrastructure in a structural model of economic growth. Regional Science and Urban Economics, 25(2), 131-151. Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of economic dynamics and control, 12(2-3), 231-254. Kargı, B. (2013). Housing market and economic growth relation: time series analysis over Turkey (2000-2012) Konut piyasasi ve ekonomik büyüme ilişkisi: Türkiye üzerine zaman serileri analizi (2000-2012). Journal of Human Sciences, 10(1), 897-924. Kaya, V., Yalçınkaya, Ö., & Hüseyni, İ. (2013). Ekonomik Büyümede İnşaat Sektörünün Rolü: Türkiye Örneği (1987-2010). Ataturk University Journal of Economics & Administrative Sciences, 27(4). Khan, R. A., Liew, M. S., & Ghazali, Z. B. (2014). Malaysian construction sector and Malaysia vision 2020: Developed nation status. Procedia-social and behavioral sciences, 109, 507-513. Lopes, J. (1998). The construction industry and macroeconomy in Sub-Saharan Africa post 1970. Construction Management & Economics, 16(6), 637-649. Masih, A. M., & Masih, R. (1996). Energy consumption, real income and temporal causality: results from a multi-country study based on cointegration and error-correction modelling techniques. Energy economics, 18(3), 165-183. Özkan, F., Özkan, O., & Gündüz, M. (2012). Causal relationship between construction investment policy and economic growth in Turkey. Technological Forecasting and Social Change, 79(2), 362-370. Pedroni P (1995), Panel Co-integration: Asymptotic and Unite Sample Properties of Pooled Time Series Test with an Application to the PPP Hypothesis, Indiana University Working Papers in Economics No. 95-013. Pedroni, P. (2001). Fully modified OLS for heterogeneous cointegrated panels. In Nonstationary panels, panel cointegration, and dynamic panels. Emerald Group Publishing Limited. Phillips, P. C., & Hansen, B. E. (1990). Statistical inference in instrumental variables regression with I (1) processes. The Review of Economic Studies, 57(1), 99-125. Phillips, P. C., & Moon, H. R. (1999). Linear regression limit theory for nonstationary panel data. Econometrica, 67(5), 1057-1111. Shenggen, F. A. N., & Zhang, X. (2004). Infrastructure and regional economic development in rural China. China economic review, 15(2), 203-214. Toda, H. Y., & Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of econometrics, 66(1), 225-250. Turin, D.A. (1973). The construction industry: Its economic significance and its role in development. Building Economics Research Unit, University College London. Wells, J. (1986). The construction industry in developing countries: Alternative strategies for development. Taylor & Francis.
Year 2017, Volume: 26 Issue: 2, 239 - 247, 31.10.2017

Abstract

References

  • An, C. B., & Jeon, S. H. (2006). Demographic changes and economic growth in Korea. In APEA Conference. Banerjee, A., Dolado, J., & Mestre, R. (1998). Error‐correction mechanism tests for cointegration in a single‐equation framework. Journal of time series analysis, 19(3), 267-283. Bayer, C., & Hanck, C. (2013). Combining non‐cointegration tests. Journal of Time Series Analysis, 34(1), 83-95. Bon, R. (1992). The future of international construction: secular patterns of growth and decline. Habitat International, 16(3), 119-128. Boswijk, H. P. (1994). Testing for an unstable root in conditional and structural error correction models. Journal of econometrics, 63(1), 37-60. Chandra, A., & Thompson, E. (2000). Does public infrastructure affect economic activity?: Evidence from the rural interstate highway system. Regional Science and Urban Economics, 30(4), 457-490. Chang, T., & Nieh, C. C. (2004). A note on testing the causal link between construction activity and economic growth in Taiwan. Journal of Asian Economics, 15(3), 591-598. Demurger, S. (2001). Infrastructure development and economic growth: an explanation for regional disparities in China?. Journal of Comparative economics, 29(1), 95-117. Holtz-Eakin, D., & Schwartz, A. E. (1995). Spatial productivity spillovers from public infrastructure: evidence from state highways. International Tax and Public Finance, 2(3), 459-468. Elliott, G., Jansson, M., & Pesavento, E. (2005). Optimal power for testing potential cointegrating vectors with known parameters for nonstationarity. Journal of Business & Economic Statistics, 23(1), 34-48. Engle, R. F., & Granger, C. W. (1987). Co-integration and error correction: representation, estimation, and testing. Econometrica: journal of the Econometric Society, 251-276. Esfahani, H. S., & Ramı́rez, M. T. (2003). Institutions, infrastructure, and economic growth. Journal of development Economics, 70(2), 443-477. Fan, S., & Zhang, X. (2004). Infrastructure and regional economic development in rural China. China economic review, 15(2), 203-214. Farhani, S., Shahbaz, M., & Ozturk, I. (2014). Coal consumption, industrial production and CO2 emissions in China and India (No. 2014-225). Fedderke, J. W., Perkins, P., & Luiz, J. M. (2006). Infrastructural investment in long-run economic growth: South Africa 1875–2001. World development, 34(6), 1037-1059. Fedderke, J. W., & Bogetić, Ž. (2009). Infrastructure and growth in South Africa: Direct and indirect productivity impacts of 19 infrastructure measures. World Development, 37(9), 1522-1539. Govindaraju, V. C., & Tang, C. F. (2013). The dynamic links between CO 2 emissions, economic growth and coal consumption in China and India. Applied Energy, 104, 310-318. Göçer, I., & Bulut, S. (2015). Petrol Fiyatlarindaki Degisimlerin Rusya Ekonomisine Etkileri: Çoklu Yapisal Kirilmali Esbütünlesme ve Simetrik Nedensellik Analizi. Cankiri Karatekin Universitesi Iktisadi ve Idari Bilimler Fakultesi Dergisi, 5(2), 721. Hacker, R. S., & Hatemi-J, A. (2006). Tests for causality between integrated variables using asymptotic and bootstrap distributions: theory and application. Applied Economics, 38(13), 1489-1500. Hacker, S., & Hatemi-J, A. (2012). A bootstrap test for causality with endogenous lag length choice: theory and application in finance. Journal of Economic Studies, 39(2), 144-160. Hillebrandt, P. M. (1985). Economic theory and the construction industry. 3rd edition London: Macmillan. Holtz-Eakin, D., & Schwartz, A. E. (1995). Infrastructure in a structural model of economic growth. Regional Science and Urban Economics, 25(2), 131-151. Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of economic dynamics and control, 12(2-3), 231-254. Kargı, B. (2013). Housing market and economic growth relation: time series analysis over Turkey (2000-2012) Konut piyasasi ve ekonomik büyüme ilişkisi: Türkiye üzerine zaman serileri analizi (2000-2012). Journal of Human Sciences, 10(1), 897-924. Kaya, V., Yalçınkaya, Ö., & Hüseyni, İ. (2013). Ekonomik Büyümede İnşaat Sektörünün Rolü: Türkiye Örneği (1987-2010). Ataturk University Journal of Economics & Administrative Sciences, 27(4). Khan, R. A., Liew, M. S., & Ghazali, Z. B. (2014). Malaysian construction sector and Malaysia vision 2020: Developed nation status. Procedia-social and behavioral sciences, 109, 507-513. Lopes, J. (1998). The construction industry and macroeconomy in Sub-Saharan Africa post 1970. Construction Management & Economics, 16(6), 637-649. Masih, A. M., & Masih, R. (1996). Energy consumption, real income and temporal causality: results from a multi-country study based on cointegration and error-correction modelling techniques. Energy economics, 18(3), 165-183. Özkan, F., Özkan, O., & Gündüz, M. (2012). Causal relationship between construction investment policy and economic growth in Turkey. Technological Forecasting and Social Change, 79(2), 362-370. Pedroni P (1995), Panel Co-integration: Asymptotic and Unite Sample Properties of Pooled Time Series Test with an Application to the PPP Hypothesis, Indiana University Working Papers in Economics No. 95-013. Pedroni, P. (2001). Fully modified OLS for heterogeneous cointegrated panels. In Nonstationary panels, panel cointegration, and dynamic panels. Emerald Group Publishing Limited. Phillips, P. C., & Hansen, B. E. (1990). Statistical inference in instrumental variables regression with I (1) processes. The Review of Economic Studies, 57(1), 99-125. Phillips, P. C., & Moon, H. R. (1999). Linear regression limit theory for nonstationary panel data. Econometrica, 67(5), 1057-1111. Shenggen, F. A. N., & Zhang, X. (2004). Infrastructure and regional economic development in rural China. China economic review, 15(2), 203-214. Toda, H. Y., & Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of econometrics, 66(1), 225-250. Turin, D.A. (1973). The construction industry: Its economic significance and its role in development. Building Economics Research Unit, University College London. Wells, J. (1986). The construction industry in developing countries: Alternative strategies for development. Taylor & Francis.
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Journal Section Makaleler
Authors

Ali Eren Alper

Publication Date October 31, 2017
Submission Date November 8, 2017
Published in Issue Year 2017 Volume: 26 Issue: 2

Cite

APA Alper, A. E. (2017). İNŞAAT SEKTÖRÜNÜN EKONOMİK BÜYÜMEDEKİ ROLÜ: TÜRKİYE ÖRNEĞİ. Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 26(2), 239-247.