FİNANSAL TABANA YAYILMA, KREDİLER VE EKONOMİK BÜYÜME İLİŞKİSİ: TÜRKİYE İÇİN AMPİRİK BİR ARAŞTIRMA

The aim of this research is to examine the relationships between financial inclusion, economic growth and loans in the context of Turkey. Turkey is in the category of developing countries and economic growth is among the important goals of the country. The banking sector is also the locomotive of economic growth with the loans it provides. In addition, providing greater access to loans and financial products is an important issue that should be considered in the deepening of financial markets in Turkey. In this context, determining the relationships between loans, economic growth and financial inclusion is important for Turkey and constitutes the main motivation of the research. In the study, three sub-variables representing the dependent variable of financial inclusion (number of ATMs, number of accounts and number of POS) were transformed into a single variable by using Principal Component Analysis. This is what differentiates our research from other studies. In the study, in which financial inclusion is the dependent variable and loans, economic growth are the independent variables, the relationships between the variables are analyzed with multiple regression models. The results obtained from the research show the existence of significant and positive relationships between loans and financial inclusion, and between economic growth and financial inclusion. In this context, 1% increase in loans increases financial inclusion by 0.86%, while 1% increase in economic growth increases financial inclusion by 0.28%. Accordingly, increases in both loans and economic growth positively affect financial inclusion.