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Journals / Economics Business and Organization Research / 2025 / Cilt: 7 Sayı: 1

DOES FINANCIAL INNOVATION BOOST ECONOMIC GROWTH IN BRICST COUNTRIES?

FİNANSAL YENİLİK BRICST ÜLKELERİNDE EKONOMİK BÜYÜMEYİ ARTIRIYOR MU?

Elif Duygu Kömürcüoğlu0000-0002-4699-6806
Pages
40–57
Publication Date
2025-12-27
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AI Summary & Key Takeaways

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

In this framework, strengthening financial systems with innovative structures and implementing policies that encourage financial innovation in BRICST countries can be considered as a crucial component for the sustainability of economic growth.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Financial innovations are expected to stimulate economic activity by improving the efficiency of resource allocation through new products, services, and institutions.
📊
Key Findings & Data:The study aims to analyse the impact of financial innovation on economic growth for BRICST countries over the period 2008–2022.
💡
Conclusion & Impact:In this framework, strengthening financial systems with innovative structures and implementing policies that encourage financial innovation in BRICST countries can be considered as a crucial component for the sustainability of economic growth.
🔬Design:Araştırma Makalesi
📍Scope:2008–2022 Verileri
⚙️Variables:Finansal Yenilik · Ekonomik Büyüme · Panel Veri Analizi

Abstract

Financial innovations are expected to stimulate economic activity by improving the efficiency of resource allocation through new products, services, and institutions. The study aims to analyse the impact of financial innovation on economic growth for BRICST countries over the period 2008–2022. The results derived using the Driscoll–Kraay indicate that advancements in financial innovation have a positive impact on economic growth. In this framework, strengthening financial systems with innovative structures and implementing policies that encourage financial innovation in BRICST countries can be considered as a crucial component for the sustainability of economic growth.

Özet

Finansal yeniliklerin sunduğu yeni ürün, hizmet ve kurumsal düzenlemeler aracılığıyla kaynak tahsisi etkinliğini artırarak ekonomik faaliyeti canlandırması beklenmektedir. Bu çalışmanın amacı, 2008–2022 döneminde finansal yeniliğin ekonomik büyüme üzerindeki etkisini BRICST ülkeleri için analiz etmektir. Driscoll–Kraay standart hata tahmincisiyle elde edilen bulgular, finansal yenilikteki gelişmelerin ekonomik büyümeyi olumlu yönde etkilediğini ortaya koymaktadır. Bu çerçevede, BRICST ülkelerinde finansal sistemlerin yenilikçi yapılarla güçlendirilmesi ve finansal yeniliği teşvik edici politikaların hayata geçirilmesi ekonomik büyümenin sürdürülebilirliği açısından kritik bir unsur olarak değerlendirilebilir.

🔖

Cite This Article

Kömürcüoğlu, E. D. (2025). DOES FINANCIAL INNOVATION BOOST ECONOMIC GROWTH IN BRICST COUNTRIES?. Economics Business and Organization Research, Cilt: 7 Sayı: 1, 40–57. https://doi.org/10.66414/ebor.100347

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