| MARMARA UNIVERSITY |
| Department of Economics |
| PhD Theses: |
|
Ercan SARIDOĞAN Main aim of this
thesis is to investigate the interaction among the saving,
investment and growth to find out the key variables in order to
design efficient and appropriate economic policies by using the time
series and panel time series econometric techniques for the period
1950-2004. We mainly focused on the countries Turkey, Argentina,
Mexico, Brazil, and Chile which have been erratic growth performance
for years. The results based on the time series and panel time
series econometric techniques shows that these variables have closer
relationship in all countries and cointegrated in the long run both
in country-level and in panel group-level. We can conclude that
investment and economic growth variables are relatively more
effective on saving than saving does. In economic policy design
processes it has been focused on improvement saving conditions for
foreign and domestic savers so far, however the economic policy for
improving saving conditions is essential but not enough to ensure
investment and economic growth. It would be very important to
consider investment and economic growth directly when designing
economic policies. So that, it is essential to focus on the
improvement the climate/conditions/factors of the investment and
economic growth for foreign and domestic investors by improving the
conditions/climate for the most important macroeconomic factors
stimulating investment and economic growth that are profitability,
advantages of competitiveness in terms of technology, research and
development processes, costs, skilled-educated human capital,
political and economic stability and other improved institutional
parameters. As a result, it should be focused to find out and
improve these competitiveness-oriented parameters of investment,
economic growth and development when designing economic policies.
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