Record Details

FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH RELATIONSHIP: THE CASE OF OECD COUNTRIES

Journal of Applied Research in Finance and Economics

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Field Value
 
Title FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH RELATIONSHIP: THE CASE OF OECD COUNTRIES
 
Creator Aydın, Mücahit
Malcıoğlu, Gürkan
 
Description The relationship between financial development and economic growth is among the essential issues analyzed in economy literature. This study researches the relationship between financial development and economic growth by using 1980-2014 period annual data for Australia, Denmark, Chile, Iceland, Israel, Japan, Korea, Switzerland, Turkey and Mexico. As the indicator of financial development, the proportion of domestic credits provided by financial sector to Gross National Product was used as the indicator of economic growth the growth rate of Gross National Product was used. Panel causality test developed by Dumitrescu – Hurlin (2012) was utilized in order to research the relationship between variables. While the obtained findings indicate the existence of a causality relationship from financial development to economic growth for the countries determined, a causality relationship from economic growth to financial development could not be identified. Keywords: Financial Development, Economic Growth, Panel Granger Causality TestJEL Classification Codes: C33, O11, O16 
 
Publisher Journal of Applied Research in Finance and Economics
 
Contributor —
 
Date 2016-06-29
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.jarfe.org/index.php/jarfe/article/view/14
 
Source Journal of Applied Research in Finance and Economics; Vol 2, No 1 (2016); 1-7
2458-8083
 
Language eng
 
Relation http://www.jarfe.org/index.php/jarfe/article/view/14/6
 
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