Financial development and economic growth in emerging market: bootstrap panel causality analysis
In this study, it was investigated whether there is a causality relationship between financial development and economic growth in emerging market countries. Data from the period between 1988 and 2013 was analyzed using the bootstrap panel causality test, which takes cross-section dependence and hete...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2015-09-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1118.pdf
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| _version_ | 1818218575924559872 |
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| author | Yusuf Ekrem AKBAS |
| author_facet | Yusuf Ekrem AKBAS |
| author_sort | Yusuf Ekrem AKBAS |
| collection | DOAJ |
| description | In this study, it was investigated whether there is a causality relationship
between financial development and economic growth in emerging market countries. Data
from the period between 1988 and 2013 was analyzed using the bootstrap panel causality
test, which takes cross-section dependence and heterogeneity into account. The results of
the test showed that there is a weak causal relationship between economic growth and
financial development support the neutrality hypothesis in emerging countries, except for
Turkey. |
| first_indexed | 2024-12-12T07:25:57Z |
| format | Article |
| id | doaj.art-51cb0d07bb9446e2b08693154ce94ebc |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-12T07:25:57Z |
| publishDate | 2015-09-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-51cb0d07bb9446e2b08693154ce94ebc2022-12-22T00:33:09ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292015-09-01XXII317118618418678Financial development and economic growth in emerging market: bootstrap panel causality analysisYusuf Ekrem AKBAS0 Adiyaman University, Turkey In this study, it was investigated whether there is a causality relationship between financial development and economic growth in emerging market countries. Data from the period between 1988 and 2013 was analyzed using the bootstrap panel causality test, which takes cross-section dependence and heterogeneity into account. The results of the test showed that there is a weak causal relationship between economic growth and financial development support the neutrality hypothesis in emerging countries, except for Turkey. http://store.ectap.ro/articole/1118.pdf Financial DevelopmentEconomic GrowthEmerging MarketPanel Bootstrap Causality |
| spellingShingle | Yusuf Ekrem AKBAS Financial development and economic growth in emerging market: bootstrap panel causality analysis Theoretical and Applied Economics Financial Development Economic Growth Emerging Market Panel Bootstrap Causality |
| title | Financial development and economic growth in emerging market: bootstrap panel causality analysis |
| title_full | Financial development and economic growth in emerging market: bootstrap panel causality analysis |
| title_fullStr | Financial development and economic growth in emerging market: bootstrap panel causality analysis |
| title_full_unstemmed | Financial development and economic growth in emerging market: bootstrap panel causality analysis |
| title_short | Financial development and economic growth in emerging market: bootstrap panel causality analysis |
| title_sort | financial development and economic growth in emerging market bootstrap panel causality analysis |
| topic | Financial Development Economic Growth Emerging Market Panel Bootstrap Causality |
| url |
http://store.ectap.ro/articole/1118.pdf
|
| work_keys_str_mv | AT yusufekremakbas financialdevelopmentandeconomicgrowthinemergingmarketbootstrappanelcausalityanalysis |