Türkiye de Finansal Gelişme ve Ekonomik Büyüme İlişkisinin Nedensellik Analiz

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 27 Jul 2016 Turkey English Publisher:Dogus Universitesi DergisiJournal:Doğuş Üniversitesi Dergisi, volume 2, pages 151-160 (issn: 1302-6739,

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Authors: AK, Mehmet Zeki; ALTINTAŞ, Nurullah; ŞİMŞEK, Ahmet Salih;

doi: 10.31671/dogus.2018.48

handle: 11376/2564

Türkiye de Finansal Gelişme ve Ekonomik Büyüme İlişkisinin Nedensellik Analiz

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Abstract

In this study Toda-Yamamoto test was applied by using annual data between 1989-2011 to determine the direction of causality relationship between growth and financial development for the Turkish economy. Also, by principal components analysis a financial development index which reflects original conditions of Turkish economy and makes it possible to measure financial development level widely was constituted. Empirical evidence has shown that there is a unidirectional causal relationship from economic growth to financial development in the period after 1989. In other words, there is a causal relationship called 'demand following' between financial development and economic growth.

Country

Turkey

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Keywords

Finansal Gelişme Endeksi, Toda-Yamamoto Yaklaşımı, Principal Component Analysis, Ekonomik Büyüme;Finansal Gelişme;Finansal Gelişme Endeksi;Toda-Yamamoto Yaklaşımı;Temel Bileşenler Analizi, Finansal Gelişme, Temel Bileşenler Analizi, Ekonomik Büyüme, İktisat, Economic Growth;Financial Development;Financial DevelopmentIndex;Toda-Yamamoto Approach;Principal Component Analysis, İşletme, Economic Growth, Toda-Yamamoto Approach, Financial Development, Financial Development Index

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