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The Relationship Between Primary Energy Consumption and Financial Development in Developing Countries That Were Dependent on Energy in Context of Global Development

Author

Listed:
  • SELİM Güngör

    (Gaziosmanpasa University)

  • ÖZGE Korkmaz

    (Bayburt University)

  • SÜLEYMAN SERDAR Karaca

    (Gaziosmanpasa University)

  • Yasemin Keskin Benli

    (Gazi University)

Abstract

In this study, it has been aimed to put forward the relati¬onship between primary energy consumption and financial de¬velopment for the period 1985-2015 of Argentina, China, South Korea, Israel, Malaysia, Mexico and Turkey. It has been conclu¬ded that, there is a long-term relationship between primary energy consumption and the ratio of assets of deposit banks to GDP in the study. Furthermore, it has been determined that there is a one-way causality relationship from the primary energy consumption to the ratio of deposit bank assets to GDP and the ratio of the local credit provided to the private sector to GDP.

Suggested Citation

  • SELİM Güngör & ÖZGE Korkmaz & SÜLEYMAN SERDAR Karaca & Yasemin Keskin Benli, 2017. "The Relationship Between Primary Energy Consumption and Financial Development in Developing Countries That Were Dependent on Energy in Context of Global Development," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 32(108), pages 123-142, October.
    • Handle: RePEc:acc:malfin:v:32:y:2017:i:108:p:123-142
    DOI: https://doi.org/10.33203/mfy.311742
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    References listed on IDEAS

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