The Relationship Between Financial Development and Economic Growth: Evidence From Brics Countries and Turkey

Basit Öğe Kaydı
dc.contributor.authorKarabıyık, Can
dc.contributor.authorTaşkın, Fatma Dilvin
dc.date.accessioned2021-11-20T10:32:41Z
dc.date.available2021-11-20T10:32:41Z
dc.date.issued2016
dc.departmentTrakya Üniversitesien_US
dc.description.abstractThe aim of this paper is to analyze the link and the direction of the relationship between financial development and economic growth in Turkey and BRICS countries for the period of 1994-2011. Moreover, the paper di- vides the financial market into two sub-markets as banking sector and stock market to examine their individual impact on economic growth. Fixed effect panel regression method and a relatively new panel causality technique, namely Dimutrescu-Hurlin test is applied to estimate the existence of the causal link between financial development and economic growth. The results of the analysis show that there is neither linear nor causal link for stock mar- ket development and economic growth, while statistically significant relationship exists between banking sector development and economic growth in the direction of economic growth to banking sector. In a nutshell, the results suggest an evidence for demand-following pattern in Turkey and BRICS Countries.en_US
dc.identifier.dergipark829906en_US
dc.identifier.endpage133en_US
dc.identifier.issn2147-2483
dc.identifier.issue2en_US
dc.identifier.startpage116en_US
dc.identifier.urihttps://dergipark.org.tr/tr/pub/trakyaiibf/issue/57832/829906
dc.identifier.urihttps://dergipark.org.tr/tr/download/article-file/1410388
dc.identifier.urihttps://hdl.handle.net/20.500.14551/6595
dc.identifier.volume5en_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.subjectFinancial Market Developmenten_US
dc.subjectEconomic Growthen_US
dc.subjectPanel Regressionen_US
dc.subjectDumitrescu Hurlin Causality Testen_US
dc.subjectUnit Root Testen_US
dc.titleThe Relationship Between Financial Development and Economic Growth: Evidence From Brics Countries and Turkeyen_US
dc.typeArticleen_US

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim
İsim:
6595.pdf
Boyut:
568.44 KB
Biçim:
Adobe Portable Document Format
Açıklama:
Tam Metin / Full Text
İndir

Koleksiyon

Trakya Üniversitesi İktisadi ve İdari Bilimler Fakültesi e-dergi