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

页码：708 / 727

页数：20

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