This paper analyzes the effects of financial sector deepening on economic growth using a province-level data set for 1996-2001 on Turkey. This period is associated with a weakly regulated and relatively unsupervised expansion of the banking sector which led to the 2001 financial crisis. Contrary...

The agrarian sector in many developing countries has been going through a phase of slowdown, at times aggravating to a crisis, which has called for serious research and introspection into the policies and policy regimes that underlie their development trajectories. This paper looks at one set of...

In this study we try to detect the relationship between financial and real sector employing in the estimation procedure the recent time-series techniques of co-integration, vector error-correction modelling and Granger multivariate causality. We contribute to the existing literature by using for...