Financial Development Components Impact On Economic Growth: Evidence From Turkey
Journal Title: Journal of the Human and Social Science Researches - Year 2017, Vol 6, Issue 1
Abstract
The purpose of this paper is the study of relationship between financial development and economic growth in Turkey during 1998 - 2014 period quarterly data. Real GDP variable is used for economic growth calculations. The financial development of variables are taken three variables. These variables are the stock exchange in Istanbul market value, M2 sum of the monetary aggregates and credits. The causality are made both VAR Granger causality and Toda-Yamamoto method. Both methods have emerged in similar results. In the study, Johansen cointegration test, error correction model and causality analysis has benefited. Our work found that there is a unclear relationship between financial development and growth. Thus, financial development components show different relationships. Effects of different financial development component on economic growth have been investigated for Turkey in this study.
Authors and Affiliations
Hüseyin KARAMELİKLİ| Yrd.Doç. Dr., Karabük Üniversitesi İ.İ.B.F Asst.Prof. ,Karabuk University Economics and Administrative Sciences huseyinkaramelikli@karabuk.edu.tr, Hayrettin KESGİNGÖZ| Yrd.Doç. Dr., Karabük Üniversitesi İ.İ.B.F Asst.Prof. ,Karabuk University Economics and Administrative Sciences hayrettinkesgingoz@karabuk.edu.tr
Keywords
Related Articles
- EP ID EP2769
- DOI -
- Views 398
- Downloads 25
CHILDREN AND EDUCATION THEMA IN MUZAFFER ĠZGÜ’S STORIES
With the Republic Period, child and child literature are given more importance and many authors started to expose works in the field of child literature. One of those authors is Muzaffer İzgü. After he graduated from Diy...
Using of Ethnographic Communicatıon Codes in Turkish Television Movies As Popular Culture Product: An Example Of Dirilis “Ertugrul” Movie
Culture, as it is known, affects human’s thoughts structures, behavior patterns and this situation plays role in formation of communication styles. Ethnographic communication examines person’s verbal and nonverbal commun...
The Exegetical Method of Dawud Karsı in His Treatises, 'Sharh Al-Basmala' And 'Risala Al-Nuriyya'
This article evaluates two treatises of Dawud Karsi in terms of his exegetical standpoint. The treatise titled 'Sharh al-Basmala' offers a detailed explanations of the terms such as hamd, salaat, salaam. In his explanati...
Problems in the Social Environment of Male Students’ Who Study in Nursing Department
This research aimed to determine the problems of male nursing students which they experience in their social lives in a cross-sectional design with 31(56.6%) volunteered male students. Students had problems because of th...
Tüketicilerin Mobil Sosyal Medya Kullanımının Marka Farkındalığına Etkisi
The expansion of mobile internet and mobile devices which have a lot of features, has changed the way of social media usage and increased time of its usage. This strong interaction between mobile devices, mobile internet...