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Journals / Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2018 / Sayı: 51

ISLAMIC FINANCE AND ECONOMIC GROWTH: AN ECONOMETRIC APPLICATION ON TURKEY

İSLAMİ FİNANS VE EKONOMİK BÜYÜME: TÜRKİYE ÜZERİNE EKONOMETRİK BİR UYGULAMA

Emrah KOÇAK
Pages
67–91
Publication Date
2018-07-04
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The cointegration test, dynamic ordinary least squares estimator and causality test results show that Islamic finance has a positive and unidirectional impact on economic growth in Turkey.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This paper investigates the relationship between Islamic finance and economic growth for the period 2005: Q4-2015 :Q2 in Turkey.
📊
Key Findings & Data:In this context, firstly, the paper employs unit root tests and cointegration tests with structural breaks.
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Conclusion & Impact:The cointegration test, dynamic ordinary least squares estimator and causality test results show that Islamic finance has a positive and unidirectional impact on economic growth in Turkey.
🔬Design:Research Article
📍Scope:2005 Verileri
⚙️Variables:İslami Bankacılık ve Finans · Ekonomik Büyüme · Eşbütünleşme

Abstract

This paper investigates the relationship between Islamic finance and economic growth for the period 2005: Q4-2015 :Q2 in Turkey. In this context, firstly, the paper employs unit root tests and cointegration tests with structural breaks. Then, the paper considers long run impact of Islamic finance on economic growth in Turkey through dynamic ordinary least squares estimation and Granger causality test based on vector error correction. The cointegration test, dynamic ordinary least squares estimator and causality test results show that Islamic finance has a positive and unidirectional impact on economic growth in Turkey. This results exhibit that Islamic finance has a significant effect on economic growth in Turkey.

Özet

Bu çalışma 2005: Ç4-2015: Ç2 dönemi Türkiye’ de İslami finans ve ekonomik büyüme arasındaki ilişkiyi araştırmaktadır. Bu kapsamda, öncelikle yapısal kırılmalı birim kök ve eşbütünleşme testleri kullanılmıştır. Daha sonra İslami finansın ekonomik büyüme üzerindeki etkisi dinamik en küçük kareler ve vektör hata düzeltme modeline dayalı Granger nedensellik testi ile değerlendirilmiştir. Eşbütünleşme, dinamik en küçük kareler ve nedensellik test bulguları Türkiye’ de İslami finansın ekonomik büyüme üzerinde pozitif ve tek yönlü bir etkisi olduğunu göstermektedir. Bu sonuçlar, Türkiye’de İslami finansın ekonomik büyüme üzerinde anlamlı bir etkisi olduğunu ortaya koymaktadır.

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Cite This Article

KOÇAK, E. (2018). ISLAMIC FINANCE AND ECONOMIC GROWTH: AN ECONOMETRIC APPLICATION ON TURKEY. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Sayı: 51, 67–91. https://ajindex.com/articles/119022

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