Financial Deepening and Economic Growth: a Case of Turkey

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dc.contributor.authorErkişi, Kemal
dc.contributor.authorCeyhan, Turgay
dc.date.accessioned2021-11-20T10:32:38Z
dc.date.available2021-11-20T10:32:38Z
dc.date.issued2019
dc.departmentTrakya Üniversitesien_US
dc.description.abstractIn this study, the relationshipbetween economic growth (EG) and financial deepening (FD) in Turkey was exploredby using the yearly data belongs to GDP, Bonds and domestic credits forthe period between 1994 – 2017.  “LSQ Method, Variance Inflation Factor Test,Normality Histogram Test, Correlogram Q-Statistics Test and Heteroscedasticity Test” were employed and results indicated that thevariables and the model are significant. Granger causality analysis wasconducted to define the short-term causality among the variables. It is concluded: (a)there is a positive bidirectional causality between economic growth anddomestic credit provided by financial sector, (b) there is a positiveunidirectional causality from bonds to economic growth and (c) there is not arelationship between domestic credits and bonds. To investigate whether along-term relationship among the series, “Johansen Cointegration Test” wasemployed. The results indicated that there is a long-term relationship betweenthe economic growth and financial development. By implementing “VarianceDecomposition Technique”, it is concluded that economic growth is explained by 67% GDP, 8% BONDS and by 23%CREDIT.  The results of this research support theMutual Interaction Hypothesis that asserts a bidirectional relationship betweenFD and EG and in this context, financial deepening has an important place interms of sustainable economic growth.en_US
dc.identifier.dergipark560076en_US
dc.identifier.endpage125en_US
dc.identifier.issn2147-2483
dc.identifier.issue1en_US
dc.identifier.startpage97en_US
dc.identifier.urihttps://dergipark.org.tr/tr/pub/trakyaiibf/issue/47510/560076
dc.identifier.urihttps://dergipark.org.tr/tr/download/article-file/776283
dc.identifier.urihttps://hdl.handle.net/20.500.14551/6563
dc.identifier.volume8en_US
dc.language.isoenen_US
dc.publisherTrakya Üniversitesien_US
dc.relation.ispartofTrakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Başka Kurum Yazarıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEconomic Growthen_US
dc.subjectFinancial Developmenten_US
dc.subjectVar Granger Causality Analysisen_US
dc.subjectJohansen Cointegration Analysis.en_US
dc.titleFinancial Deepening and Economic Growth: a Case of Turkeyen_US
dc.typeArticleen_US

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