. Rather than being a key condition for subsequent growth, gains in market efficiency and growth might have occurred … simultaneously. We discuss the implications of these findings for a number of explanations for long-run growth and the Industrial …

different countries are coordinated and if they have an influence on oil prices. Relying on cointegration and causality tests in …

-causes economic growth that implies, on one hand, increasing international dependence of Pakistan’s economy particularly imports and … on the other hand, partially supports the neoclassical view. There is long-run relationship between economic growth and …

Turkey can achieve strong sustainable growth and job creation but further reforms in the labour market, education and … product markets are required for such gains to materialise. In recent years, growth has been largely driven by the industrial … sector. Sustaining vigorous growth over the longer run therefore requires pushing ahead with a number of structural reforms …

In this paper we review the literature on finance-growth nexus and investigate the causality between financial … development and economic growth in Turkey for the period 1975-2004. The empirical investigation is carried out in a vector … development and economic growth. The empirical findings in the paper show a two way causality (bidirectional) between financial …