Kamu borcu ve ekonomik büyümenin Türkiye ve seçilmiş ülkelerde ampirik incelemesi

The study has researched the impact of public debt on economic growth in Turkey and selected country groups. The selected country groups have consisted of fourteen European countries. Primarily, the time series analysis is made in Turkey for the period from 2003 to 2018, to understand the effects of public debt on economic growth. The explanation of the effect of public debt on growth for both short and long-term relationships is aimed at time series analysis that includes the ARDL model. Subsequently, the panel analysis is applied between the period 1980 and 2017, to measure the sensitivity of selected European countries against the public debt ratio. Panel analysis that is estimated for selected countries, includes analyses of AMG and FMOLS which show long-terms effects of public debt. The primary aim of the study is that investigate how public debt influences economic growth and measurement of the size of the effect. Initially, estimation of time series analysis for Turkey is concluded that public debt affects economic growth via positively for the short-term and negatively for the longterm. Secondarily, panel analysis applied for selected countries results in an inverse impact of public debt on economic growth. In this context, the expected outcome of the investigation is that public debt affects economic growth negatively in most cases. Keywords: Public debt, Economic growth, Time series analysis, Panel analysis, ARDL, AMG, FMOLS