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.

Sprache
Englisch

Erschienen in
Series: EERI Research Paper Series ; No. 06/2007

Klassifikation
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
Thema
Growth
financial intermediation
causality
cointegration
Turkey

Ereignis
Geistige Schöpfung
(wer)
Halicioglu, Ferda
Ereignis
Veröffentlichung
(wer)
Economics and Econometrics Research Institute (EERI)
(wo)
Brussels
(wann)
2007

Handle
Letzte Aktualisierung
20.09.2024, 08:23 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Halicioglu, Ferda
  • Economics and Econometrics Research Institute (EERI)

Entstanden

  • 2007

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