Record Details

The Correlation Between Financial Liberalization And Economic Growth: Analysis On Turkey

Research Journal of Economics, Business and ICT

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Title The Correlation Between Financial Liberalization And Economic Growth: Analysis On Turkey
 
Creator Develi, Abdulkadir; Bayburt University
Ucler, Gulbahar; Selcuk University
 
Subject —
Financial liberalization, Economic Growth, Time Series, Unit Root, Johansen Co integration, Granger Causation
F43
 
Description The aim of this study is to analyze the correlation between financial liberalization and economic growth in terms of the data of Turkey. For this purpose, the correlations between the financial development rates of the 1980:2009 period and economic growth rate are analyzed in terms of economy by using multivariable co integration analysis and Granger causation tests. According to the analysis results, the financial improvement data and improvement data are found co integrated in long term. However, according to the results of Granger causation tests, per capita income is in a one way causation relationship with bank deposit liabilities, and in a two way causation relationship with loan provided to private sectors.  Also, as the loans provided to private sectors by the banking department are taken into consideration as an indication of development, it is found that there is a two-way causation between the variables of growth and financial improvement. 
 
Publisher English Time Schools & Overseas Education
 
Contributor —
 
Date 2011-03-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ojs.journals.cz/index.php/RJEBI/article/view/184
 
Source Research Journal of Economics, Business and ICT; Vol 1 (2011)
2047-7848
2045-3345
 
Language eng
 
Relation http://ojs.journals.cz/index.php/RJEBI/article/view/184/188
 
Rights Copyright (c) 2011 Abdulkadir Develi, Gulbahar Ucler
https://creativecommons.org/licenses/by/3.0/