The Relationship Between Human Capital Expenditures and Economic Growth in Türkiye

Ayşegül Durucan; Fatma Pınar Eşsiz

Makale detayları

The Relationship Between Human Capital Expenditures and Economic Growth in Türkiye

Yazarlar:

Ayşegül Durucan | Fatma Pınar Eşsiz

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme | Maliye Politikası | Maliye Kuramı

Dergi:

Fiscaoeconomia Vol.7 Issue Özel Sayı, pp.728-750

Belge Tipi:

Makale

Yayın Tarihi:

10/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001302208

pISSN:

2564-7504

Anahtar kelimeler:

Özet:

 The effects of investments in human capital on economic growth are a subject that has been evaluated in the academic literature for a long time. Especially for developing countries with a problem of insufficient savings, it is vital that public expenditures are used most efficiently and resources are not wasted. In this respect, researching whether past public expenditures serve the expected purpose will contribute to the literature in terms of forming an idea for the public expenditures planned to be made in the future and guiding the expenditure policies. In this context, the article empirically analyzes the causality relationship between human capital expenditures -education and health expenditures- and growth, using annual data for the period 1963-2021 in Turkey. The analysis results show that there is a one-way causality from the per-capita gross domestic product variable, which is used as an indicator of growth, to health expenditures; it does not show a causal relationship from any of the human capital expenditures to growth. This result suggests that although any change made by the public authority in education or health expenditures will not cause a change in growth, and although it can be interpreted that a change in growth cannot be made through human capital expenditures, it also suggests that changing expenditure compositions rather than increasing or decreasing education and health expenditures and giving importance to quality rather than quantity, may produce more effective results.

 The effects of investments in human capital on economic growth are a subject that has been evaluated in the academic literature for a long time. Especially for developing countries with a problem of insufficient savings, it is vital that public expenditures are used most efficiently and resources are not wasted. In this respect, researching whether past public expenditures serve the expected purpose will contribute to the literature in terms of forming an idea for the public expenditures planned to be made in the future and guiding the expenditure policies. In this context, the article empirically analyzes the causality relationship between human capital expenditures -education and health expenditures- and growth, using annual data for the period 1963-2021 in Turkey. The analysis results show that there is a one-way causality from the per-capita gross domestic product variable, which is used as an indicator of growth, to health expenditures; it does not show a causal relationship from any of the human capital expenditures to growth. This result suggests that although any change made by the public authority in education or health expenditures will not cause a change in growth, and although it can be interpreted that a change in growth cannot be made through human capital expenditures, it also suggests that changing expenditure compositions rather than increasing or decreasing education and health expenditures and giving importance to quality rather than quantity, may produce more effective results.

 The effects of investments in human capital on economic growth are a subject that has been evaluated in the academic literature for a long time. Especially for developing countries with a problem of insufficient savings, it is vital that public expenditures are used most efficiently and resources are not wasted. In this respect, researching whether past public expenditures serve the expected purpose will contribute to the literature in terms of forming an idea for the public expenditures planned to be made in the future and guiding the expenditure policies. In this context, the article empirically analyzes the causality relationship between human capital expenditures -education and health expenditures- and growth, using annual data for the period 1963-2021 in Turkey. The analysis results show that there is a one-way causality from the per-capita gross domestic product variable, which is used as an indicator of growth, to health expenditures; it does not show a causal relationship from any of the human capital expenditures to growth. This result suggests that although any change made by the public authority in education or health expenditures will not cause a change in growth, and although it can be interpreted that a change in growth cannot be made through human capital expenditures, it also suggests that changing expenditure compositions rather than increasing or decreasing education and health expenditures and giving importance to quality rather than quantity, may produce more effective results.

 Beşeri sermayeye yönelik yapılan yatırımların ekonomik büyüme üzerindeki etkileri, uzun süredir akademik literatürde değerlendirilmekte olan bir konudur. Özellikle tasarruf yetersizliği problemi olan gelişmekte olan ülkeler için kamu harcamalarının en verimli şekilde kullanılması ve kaynakların israf edilmemesi hayati önem taşımaktadır. Bu açıdan gelecekte yapılması planlanan kamu harcamaları için fikir oluşturması ve harcama politikalarına yön vermesi açısından geçmiş dönem kamu harcamalarının beklenen amaca hizmet edip etmediğinin araştırılmasının literatüre katkı sağlayacağı düşünülmektedir. Bu çerçevede makale, kalkınma carileri -eğitim ve sağlık harcamaları- ile büyüme arasındaki nedensellik ilişkisini Türkiye özelinde 1963-2021 dönemi için yıllık veriler kullanarak ampirik olarak analiz etmektedir. Analiz sonuçları, büyümenin göstergesi olarak kullanılan kişi başı gayrisafi yurtiçi hasıla değişkeninden sağlık harcamalarına doğru tek yönlü bir nedensellik olduğunu gösterirken; kalkınma carilerinden herhangi birinden büyümeye doğru bir nedensellik ilişkisi göstermemektedir. Bu sonuç, her ne kadar kamu otoritesinin eğitim ya da sağlık harcamalarında yapacağı herhangi bir değişikliğin ekonomik büyümede bir değişime sebep olmayacağı; kalkınma carileri aracılığıyla büyümede bir değişiklik yapılamayacağı şeklinde yorumlanabilir olsa da eğitim ve sağlık harcamalarını arttırıp azaltmaktan ziyade harcama kompozisyonlarında değişikliğe gitmenin, niceliktense niteliğe önem vermenin daha etkin sonuçlar doğurabileceğini de düşündürmektedir.

Makale detayları

The Relationship Between Human Capital Expenditures and Economic Growth in Türkiye

Yazarlar:

Ayşegül Durucan | Fatma Pınar Eşsiz

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme | Maliye Politikası | Maliye Kuramı

Dergi:

Fiscaoeconomia Vol.7 Issue Özel Sayı, pp.728-750

Belge Tipi:

Makale

Yayın Tarihi:

10/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001302208

pISSN:

2564-7504

Economic Growth

Human Capital Expenditures

ARDL bound test

Toda-Yamamoto Granger causality test

Türkiye.Ekonomik Büyüme

Kalkınma Carileri

ARDL sınır testi

Toda yamamoto nedensellik analizi

Türkiye

Sayı

Makale detayları

Yazarlar: Ayşegül Durucan | Fatma Pınar Eşsiz

Yayıncı: Ahmet Arif EREN

Ana Başlıklar: Büyüme | Maliye Politikası | Maliye Kuramı

Dergi: Fiscaoeconomia Vol.7 Issue Özel Sayı, pp.728-750

Belge Tipi: Makale

Yayın Tarihi: 10/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001302208

pISSN: 2564-7504

Sayı

Yazarlar:

Ayşegül Durucan | Fatma Pınar Eşsiz

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme | Maliye Politikası | Maliye Kuramı

Dergi:

Fiscaoeconomia Vol.7 Issue Özel Sayı, pp.728-750

Belge Tipi:

Makale

Yayın Tarihi:

10/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001302208

pISSN:

2564-7504