An Empirical Causality Analysis of Financial Development and Economic Growth in Turkey

被引：0

作者：

Altunc, Omer Faruk ^{[1
]}

机构：

[1] Mugla Univ, IIBF, Iktisat Bolumu, Mugla, Turkey

来源：

ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES | 2008年 / 3卷 / 02期

关键词：

Financial development; economic growth; time series; error correction model; granger causality;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the relationship between financial development and economic growth using Granger causality tests based on vector error correction models (VECM). In this paper, the competing hypotheses of "demand-following" versus "supply-leading" are empirically tested over the period of 1970-2006. Test results show that there is a bi-directional causality between financial development and economic growth. Furthermore, the results support both demand-following and supply-leading hypothesis for Turkey.

引用

页码：113 / +

页数：16

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