Arbeitspapier
The Financial Development and Economic Growth Nexus for Turkey
This study investigates the validity of the demand-pulling and the supply-leading hypotheses using annual data from 1968 to 2005. The bounds testing approach to cointegration is conducted to establish the existence of a long-run relationship between financial development and economic growth. An augmented form of Granger causality analysis is implemented to identify the direction of causality among the variables both in the short-run and the long-run. The empirical findings suggest unidirectional causation from financial development to economic growth.
- Language
-
Englisch
- Bibliographic citation
-
Series: EERI Research Paper Series ; No. 06/2007
- Classification
-
Wirtschaft
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Macroeconomic Aspects of International Trade and Finance: General
Economywide Country Studies: Europe
- Subject
-
Growth
financial intermediation
causality
cointegration
Turkey
- Event
-
Geistige Schöpfung
- (who)
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Halicioglu, Ferda
- Event
-
Veröffentlichung
- (who)
-
Economics and Econometrics Research Institute (EERI)
- (where)
-
Brussels
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Halicioglu, Ferda
- Economics and Econometrics Research Institute (EERI)
Time of origin
- 2007
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