Euro bölgesi ülkeleri için ekonomik büyümenin dinamik panel en küçük kareler yöntemi ile analizi

Euro Area consists of the European Union countries which use a single monetary unit, Euro. Even if they are in the same monetary union, they might have differences about their economic growth path. We studied with a view to define these differences between Euro Area countries, and to obtain an overall econometric model for their economic growth identifiers. Therefore, to estimate an overall econometric model, we based the Augmented Solow Growth Model on that the permanent changes in investment shares should be associated with permanent changes in per capita income. On the basis of this economic theory, for the purpose of understanding how the investment shares on GDP affect the economic growth of Euro Area countries, real GDP per capita growth rate series as dependent variable and investment shares on GDP series as explanory variable have been used. The data of each Euro Area country have been taken from PWT version 7.1 for 1999-2010 time perod, annually. In this study, it is aimed to find a significant long-run cointegrating relationship between economic growth and investment share on GDP, for Euro Area countries. Firstly, the concept of economic growth has been explained. From accumulation oriented growth models to Keynesian approaches and Neoclassical growth models; specifically Solow growth model, the economic growth models and their evolutions have been viewed.