N11 Ülkelerinde Ekonomik Kompleksite ve Finansal Gelişme
Economic Complexity and Financial Development in N11 Countries
Author(s): Rabia EfeoğluSubject(s): National Economy, Economic history, Economic policy, Methodology and research technology, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: Celal Bayar Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: Economic Complexity; Financial Development; N11 Countries; Panel Data Method;
Summary/Abstract: The aim of the study is to analyze the effect of financial development on economic complexity in N11 countries for the period 1995-2019 using panel data method. In the study in which financial globalization was included as a control variable, a cross-section dependency test was performed and it was observed that there was a cross-section dependency in the model. Afterwards, CADF panel unit root test was applied, it was determined that the series were stationary at level values, and the model was estimated in two different ways, namely Parks-Kmenta and Beck-Katz estimators. According to both Parks- Kmenta and Beck-Katz estimation results in the study, financial development has a positive and significant effect on economic complexity. In other words, as financial development increases, the level of economic complexity increases. On the other hand, it has been determined that the control variable, financial globalization, also increases the economic complexity.
Journal: Celal Bayar Üniversitesi Sosyal Bilimler Dergisi
- Issue Year: 20/2022
- Issue No: 01
- Page Range: 185-196
- Page Count: 12
- Language: Turkish