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Econometric Analysis of the Relationship of Financial Access, Economic Growth and Private Sector Investments

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  • Münevvere Yıldız

    (Afyon Kocatepe University)

Abstract

The study aims to investigate the effect of economic growth rate and private sector investments on access to financial services in Turkey. In this direction, the 1980-2019 period data were used, and it was determined that variables were stationary at different levels. The cointegration relationship between variables was revealed with ARDL bounds test approach. With FMOLS and DOLS cointegration regressions, the accuracy of long-term coefficients determined by the ARDL bound test was performed. The results show that private sector investments have positive and significant effect on financial access, but the growth rate did not have significant effect on financial access.

Suggested Citation

  • Münevvere Yıldız, 2022. "Econometric Analysis of the Relationship of Financial Access, Economic Growth and Private Sector Investments," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 37(118), pages 199-220, October.
    • Handle: RePEc:acc:malfin:v:37:y:2022:i:118:p:199-220
    DOI: https://doi.org/10.33203/mfy.1147389
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    More about this item

    Keywords

    Financial access; economic growth; private sector investments; ARDL;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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