Finansal Gelişme ve Ekonomik Büyüme Arasındaki İlişki: Türkiye Örneği
Relationship between Financial Development and Economic Growth: Case of Turkey
Author(s): Nurhan Kuş, Anıl BölükoğluSubject(s): Economic history, Economic development, Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets
Published by: Ahmet Arif Eren
Keywords: Financial Development; Economic Growth; IMF Financial Development Index;
Summary/Abstract: The aim of this study is to analyze the relationship between financial development and economic growth in Turkey by means of three financial development indices that are developed by the IMF. In this study, which covers the years 1980-2018 and employs annual data set, the effect of financial development level on per capita output is estimated together with conventional growth factors. The results obtained by ARDL co-integration analysis have shown-that financial development is effective on per capita output. It has been revealed that the level of development of financial markets has a positive effect on economic performance, but the effect of development in financial institutions is neutral. The size of the effects was detected quite low compared to traditional indicators. In this context, policy suggestions were made to support the development of financial markets in Turkey.
Journal: Fiscaoeconomia
- Issue Year: 6/2022
- Issue No: 2
- Page Range: 362-401
- Page Count: 40
- Language: Turkish