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Dergiler / Akademik Yaklaşımlar Dergisi / 2018 / Cilt: 9 - Sayı: 2

The Relationship Between the Financial Development and Economic Growth: An Empirical Application for Turkey

Ali ŞEN
Ceren PEHLİVAN
Sayfa
116–123
Yayın Tarihi
2019-01-03
DOI
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This result was also confirmed by the results of analysis related to ''supply-leading'' hypothesis put forward by Patrick (1966).

📌 3 Maddede Bu Makale

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Amaç & Hipotez:Öz The relationship between financial development and economic growth has been extensively analysed.
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Temel Bulgular & Veri:The growth of financial development enables the capital to be used more efficiently, increases the investment and production in parallel with the credit provided to the market, and fosters the economic growth.
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Sonuç & Katkı:This result was also confirmed by the results of analysis related to ''supply-leading'' hypothesis put forward by Patrick (1966).
🔬Tür:Araştırma Makalesi
📍Kapsam:2016 Verileri
⚙️Değişkenler:Anahtar Kelimeler Financial Development · Economic Growth · Toda-Yamamoto Causality Tests

Özet

Öz The relationship between financial development and economic growth has been extensively analysed. It is generally hold that financial development is crucial for economic growth. The growth of financial development enables the capital to be used more efficiently, increases the investment and production in parallel with the credit provided to the market, and fosters the economic growth. In this study, the relationship between financial development and economic growth was investigated with the quarterly data for the period of 1985-2016. Toda-Yamamoto causality tests were employed to determine the existence and the direction of causality among the variables. The main empirical finding in this paper is that the financial growth has a positive effect on economic growth. This result was also confirmed by the results of analysis related to ''supply-leading'' hypothesis put forward by Patrick (1966).

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Bu Makaleye Atıf Yap

ŞEN, A., PEHLİVAN, C. (2019). The Relationship Between the Financial Development and Economic Growth: An Empirical Application for Turkey. Akademik Yaklaşımlar Dergisi, Cilt: 9 - Sayı: 2, 116–123. https://ajindex.com/articles/2309

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Kaynakça (14)

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