Do industrialization, democracy, and financial openness promote financial development? Evidence from Turkey

被引：4
|
作者：
Akcay, Selcuk [1 ]
机构：
[1] Afyon Kocatepe Univ, Fac Econ & Adm Sci, Dept Econ, ANS Kampusu,3 Egitim Binasi, TR-03200 Afyon, Turkey
来源：
TURKISH STUDIES | 2019年 / 20卷 / 05期
关键词：
Financial development; industrialization; democracy; financial openness; Turkey; ECONOMIC-GROWTH; POLITICAL-ECONOMY; LIBERALIZATION; INFLATION; MARKETS; INSTITUTIONS; DETERMINANTS; GOVERNMENT; CRISES; TRADE;
D O I：
10.1080/14683849.2018.1537752
中图分类号：
K9 [地理];
学科分类号：
0705 ;
摘要：
This study aims to unweil the determinants of financial development, particularly the impact of industrialization, democracy, and financial openness on financial development in Turkey over the 1975-2015 period, using a bounds testing approach. It is found that (i) financial development and its main determinants are co-integrated; (ii) democracy is positively associated with financial development, whereas financial openness is associated with lower financial development; and (iii) industrialization is not a significant determinant of financial development in Turkey. Based on the obtained results, some recommendations are also provided.
引用
收藏
页码：708 / 727
页数：20
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