The financial development and economic growth nexus for Turkey

Ferda Halicioglu

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.

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Year of publication:	[2008]
Authors:	Halicioglu, Ferda
Publisher:	Brussels, Belgium : EERI, Economics and Econometrics Research Institute
Subject:	Growth \| financial intermediation \| causality \| cointegration \| Turkey \| Wirtschaftswachstum \| Economic growth \| Türkei \| Kointegration \| Cointegration \| Finanzsektor \| Financial sector \| Kausalanalyse \| Causality analysis \| Finanzintermediation \| Financial intermediation

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Extent:	1 Online-Ressource (circa 18 Seiten)
Series:	EERI research paper series. - Brussels : EERI, ISSN 2031-4892, ZDB-ID 2861229-2. - Vol. no 2007/06
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/142511 [Handle]
Classification:	C22 - Time-Series Models ; F40 - Macroeconomic Aspects of International Trade and Finance. General ; O52 - Europe
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011523134