IDEAS home Printed from https://ideas.repec.org/a/bor/iserev/v12y2012i48p13-30.html
   My bibliography  Save this article

The Istanbul Stock Exchange and Economic Growth

Author

Listed:
  • Mehmet Adak

Abstract

The causality between the number of companies that are transacted in the Istanbul Stock Exchange market and economic growth in Turkish economy has been analyzed in this study. The analysis covers the 23 years between 1986 and 2009. The study shows that the number of new firms transacted in the stock exchange market account for 18% of annual national economic growth according to least square test results. These test results have been examined usingserial correlation and heteroskedasticity tests whereby significant reliable results were found.

Suggested Citation

  • Mehmet Adak, 2012. "The Istanbul Stock Exchange and Economic Growth," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 12(48), pages 13-30, January.
    • Handle: RePEc:bor:iserev:v:12:y:2012:i:48:p:13-30
    as

    Download full text from publisher

    File URL: http://www.borsaistanbul.com/datum/imkbdergi/EN/ISE_Review_48.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Economic Growth; Heteroskedasticity; Least Square Method; Serial Correlation; Stock Market;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bor:iserev:v:12:y:2012:i:48:p:13-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ahmet Palu (email available below). General contact details of provider: https://edirc.repec.org/data/rdisetr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.