KAR, Muhsin; NAZLIOGLU, Saban; AGIR, Huseyin - In: Journal of BRSA Banking and Financial Markets 8 (2014) 1, pp. 63-86
This paper aims at empirically investigating the direction of causality among trade liberalization, financial development, and economic growth in Turkey. By employing monthly data for the period January, 1989- November, 2007, both linear and nonlinear causality approaches indicate that (i) there...