764
Views
18
CrossRef citations to date
0
Altmetric
Original Articles

Economic growth and financial development in Turkey: new evidence

&
Pages 595-600 | Published online: 07 Dec 2010

References

  • Al-Awad , M. and Harb , N. 2005 . Financial development and economic growth in the Middle East . Applied Financial Economics , 15 : 1041 – 51 .
  • Al-Yousif , Y. K. 2002 . Financial development and economic growth: another look at the evidence from developing countries . Review of Financial Economics , 11 : 131 – 50 .
  • Ang , J. B. and McKibbin , W. J. 2007 . Financial liberalization, financial sector development and growth: evidence from Malaysia . Journal of Development Economics , 84 : 215 – 33 .
  • Ansari , M. I. 2002 . Impact of financial development, money, and public spending on Malaysian national income: an econometric study . Journal of Asian Economics , 13 : 72 – 93 .
  • Chang , T. and Caudill , S. B. 2005 . Financial development and economic growth: the case of Taiwan . Applied Economics , 37 : 1329 – 35 .
  • Darrat , A. F. 1999 . Are financial deepening and economic growth casually related? Another look at the evidence . International Economic Journal , 13 : 19 – 35 .
  • Demetriades , P. O. and Hussein , K. A. 1996 . Does financial development cause economic growth? Time series evidence from 16 countries . Journal of Development Economics , 51 : 387 – 411 .
  • Dickey , D. A. and Fuller , W. A. 1979 . Distribution of the estimators for autoregressive time series with a unit root . Journal of the American Statistical Society , 75 : 427 – 31 .
  • Elliott , G. , Rothenberg , T. J. and Stock , J. H. 1996 . Efficient tests for an autoregressive unit root . Econometrica , 64 : 813 – 36 .
  • Fasea , M. M. G. and Abmab , R. C. N. 2003 . Financial environment and economic growth in selected Asian countries . Journal of Asian Economics , 14 : 11 – 21 .
  • Ghirmay , T. 2004 . Financial development and economic growth in sub-Saharan African countries: evidence from time series analysis . African Development Review , 16 : 415 – 32 .
  • Guillaumont Jeanneney , S. , Hua , P. and Liang , Z. 2006 . Financial development, economic efficiency, and productivity growth: evidence from China . The Developing Economies , 44 : 27 – 52 .
  • Hung , F.-S. 2003 . Inflation, financial development, and economic growth . Journal of International Review of Economics and Finance , 12 : 45 – 67 .
  • Koop , G. , Pesaran , M. H. and Potter , S. M. 1996 . Impulse response analysis in nonlinear multivariate models . Journal of Econometrics , 74 : 119 – 47 .
  • Kwiatkowski , D. , Phillips , P. C. B. , Schmidt , P. and Shin , Y. 1992 . Testing the null hypothesis of stationary against the alternative of a unit root . Journal of Econometrics , 54 : 159 – 78 .
  • Levine , R. 2003 . More on finance and growth: more finance, more growth? . Review , : 31 – 46 . July/August, Federal Reserve Bank of St. Lois
  • Luintel , K. B. and Khan , M. 1999 . A quantitative reassessment of the finance–growth nexus: evidence from a multivariate VAR . Journal of Development Economics , 60 : 381 – 405 .
  • Ng , S. and Perron , P. 2001 . Lag length selection and the construction of unit root tests with good size and power . Econometrica , 69 : 1519 – 54 .
  • Okuda , H. 1990 . Financial factors in economic development: a study of the financial liberalization policy in the Philippines . The Developing Economies , 28 : 240 – 70 .
  • Patrick , H. T. 1996 . Financial development and economic growth in underdeveloped countries . Economic Development and Cultural Change , 14 : 174 – 89 .
  • Pesaran , M. H. and Shin , Y. 1998 . Generalized impulse response analysis in linear multivariate models . Economics Letters , 58 : 17 – 29 .
  • Phillips , P. C. B. and Perron , P. 1988 . Testing for a unit root in time series regressions . Biometrica , 75 : 335 – 46 .
  • Shan , J. 2005 . Does financial development ‘lead’ economic growth? A vector auto-regression appraisal . Applied Economics , 37 : 1353 – 67 .
  • Sims , C. A. 1980 . Macroeconomics and reality . Econometrica , 48 : 1 – 48 .
  • Thangavelu , S. M. and Ang, J. B. 2004 . Financial development and economic growth in Australia: an empirical analysis . Emperical Economics , 29 : 247 – 60 .
  • Toda , H. Y. and Yamamoto , T. 1995 . Statistical inference in vector autoregression with possibly integrated processes . Journal of Econometrics , 66 : 225 – 50 .
  • Unalmıs , D. 2002 . “ The causality between financial development and economic growth: the case of Turkey ” . In The Central Bank of the Republic of Turkey Research Department Working Paper No. 3 , Turkey : WP Series of Central Bank of Turkey .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.