An Empirical Causality Analysis of Financial Development and Economic Growth in Turkey

被引：0
|
作者：
Altunc, Omer Faruk [1 ]
机构：
[1] Mugla Univ, IIBF, Iktisat Bolumu, Mugla, Turkey
来源：
ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES | 2008年 / 3卷 / 02期
关键词：
Financial development; economic growth; time series; error correction model; granger causality;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the relationship between financial development and economic growth using Granger causality tests based on vector error correction models (VECM). In this paper, the competing hypotheses of "demand-following" versus "supply-leading" are empirically tested over the period of 1970-2006. Test results show that there is a bi-directional causality between financial development and economic growth. Furthermore, the results support both demand-following and supply-leading hypothesis for Turkey.
引用
收藏
页码：113 / +
页数：16
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