Halicioglu, Ferda (2007): The Financial Development and Economic Growth Nexus for Turkey.
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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 uni-directional causation from financial development to economic growth.
|Item Type:||MPRA Paper|
|Institution:||Department of Economics, Yeditepe University|
|Original Title:||The Financial Development and Economic Growth Nexus for Turkey|
|Keywords:||Growth; financial intermediation; causality; cointegration; Turkey|
|Subjects:||C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F40 - General
O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O52 - Europe
|Depositing User:||Ferda HALICIOGLU|
|Date Deposited:||15 Jun 2007|
|Last Modified:||04 Oct 2016 02:01|
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