Finansal Kalkınma ve Ekonomik Büyüme Arasındaki İlişkinin Düzgün Geçiş Otoregresif Model Yardımıyla İncelenmesi

İsmail Erkan ÇELİK

Makale detayları

Finansal Kalkınma ve Ekonomik Büyüme Arasındaki İlişkinin Düzgün Geçiş Otoregresif Model Yardımıyla İncelenmesi

Yazarlar:

İsmail Erkan ÇELİK

Yayıncı:

Erciyes University

Ana Başlıklar:

Sosyal Bilimler

Dergi:

Erciyes Akademi 2022 Vol.36 Issue 1, pp.19-36

Belge Tipi:

Makale

Yayın Tarihi:

3/2022

Belge Dili:

Türkçe

Document ID (Org No.):

2000700029

Sıklık:

Üç Aylık

eISSN:

2757-7031

Özet:

 

The results of recent studies provide strong evidence that financial development affects economic growth through a number of different channels and that the relationship between economic growth and financial development is not linear. This study aims to examine the relationship among financial development, trade liberalization and economic growth and to determine how this relationship changes over time using quarterly Turkish economic data over the period of 1987Q1-2020Q4.  In the study, the concept of financial development will be represented by the financial development index that has been constructed to bring different dimensions of financial development together and the nature of the relationship between financial development and economic growth, whether it is linear or not, will be analysed making use of smooth transition autoregressive models. This study is important since it provides an evidence on the impact of financial development and openness on economic growth for Turkish economy. In addition, in this study, considering the relations between financial development and openness, the variable of openness was included in the model. The study is important in terms of determining whether the level of financial development and openness have an effect on growth in terms of the Turkish economy. The first of the main findings of this study indicates that it is utmost important to represent financial development with a comprehensive index that incorporate different dimensions of financial development in empirical studies on the relationship between financial development and growth. Secondly, the results showed that the extent of the impact of openness on economic growth differs significantly in relation with the threshold levels of financial development. Thirdly, the findings of the study showed that the relationship between financial development and economic growth is not linear and hence the use of smooth transition autoregressive models are more appropriate in the empirical analysis of the relationship between financial development and economic growth. Finally, the findings obtained in this study showed that there is a close relationship between financial and trade liberalization, and that extending financial development-economic growth models with an openness variable is very important, and that the effect of openness on economic growth increases with the increase in the level of financial development.

Makale detayları

Finansal Kalkınma ve Ekonomik Büyüme Arasındaki İlişkinin Düzgün Geçiş Otoregresif Model Yardımıyla İncelenmesi

Yazarlar: İsmail Erkan ÇELİK

Yayıncı: Erciyes University

Ana Başlıklar: Sosyal Bilimler

Dergi: Erciyes Akademi 2022 Vol.36 Issue 1, pp.19-36

Belge Tipi: Makale

Yayın Tarihi: 3/2022

Belge Dili: Türkçe

Document ID (Org No.): 2000700029

Sıklık: Üç Aylık

eISSN: 2757-7031

Sayı

Yazarlar:

İsmail Erkan ÇELİK

Yayıncı:

Erciyes University

Ana Başlıklar:

Sosyal Bilimler

Dergi:

Erciyes Akademi 2022 Vol.36 Issue 1, pp.19-36

Belge Tipi:

Makale

Yayın Tarihi:

3/2022

Belge Dili:

Türkçe

Document ID (Org No.):

2000700029

Sıklık:

Üç Aylık

eISSN:

2757-7031