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Finansal Gelisme ve Ekonomik Buyume Iliskisi: Turkiye Ekonomisi Uzerine Ekonometrik Bir Uygulama

Author

Listed:
  • Res. Ass. Ozgur Aslan; Asst. Prof. Ismail Kucukaksoy

    (Istanbul University; Dumlupinar University)

Abstract

In the relationship between financial development and economic growth, supply-leading and demand-following hypothesis have great importance. According to supply-leading hypothesis, financial development leads to economic growth, however demand following hypothesis asserts that the direction of the relationship runs from economic growth to financial development. In this study, financial development and economic growth relationship is examined for Turkey over the period of 1970-2004. Granger causality test results show that financial development leads to economic growth and support the supply-leading hypothesis for Turkey.

Suggested Citation

  • Res. Ass. Ozgur Aslan; Asst. Prof. Ismail Kucukaksoy, 2006. "Finansal Gelisme ve Ekonomik Buyume Iliskisi: Turkiye Ekonomisi Uzerine Ekonometrik Bir Uygulama," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 4(1), pages 25-38, DEC.
  • Handle: RePEc:ist:ancoec:v:4:y:2006:i:1:p:25-38
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    File URL: http://eidergisi.istanbul.edu.tr/sayi4/iueis4m3.pdf
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    Cited by:

    1. Borlea Sorin Nicolae & Puscas Adriana & Mare Codruta & Achim Monica Violeta, 2016. "Direction of Causality Between Financial Development and Economic Growth. Evidence for Developing Countries," Studia Universitatis „Vasile Goldis” Arad – Economics Series, De Gruyter Open, vol. 26(2), pages 1-22, June.
    2. Hasan AYAYDIN & Ýbrahim KARAASLAN, 2014. "Stock Market Development, Bank Concentration, Ownership Structure, and Bank Performance: Evidence from Turkey," Journal of Economics and Political Economy, KSP Journals, vol. 1(1), pages 49-67, September.
    3. Ayaydin, Hasan & Karaaslan, İbrahim, 2014. "Stock Market Development, Bank Concentration, Ownership Structure, and Bank Performance: Evidence from Turkey," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 49-67.

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