The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries
This paper investigates the causal relationship between financial deepening and economic growth for fourteen upper middle income countries for the period during 1987-2015. Broad money supply, private credits, financial system deposit liabilities and deposit money banks’ assets are determined as prox...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2018-03-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1322.pdf
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| _version_ | 1818285553334878208 |
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| author | Mesut Alper GEZER |
| author_facet | Mesut Alper GEZER |
| author_sort | Mesut Alper GEZER |
| collection | DOAJ |
| description | This paper investigates the causal relationship between financial deepening and
economic growth for fourteen upper middle income countries for the period during 1987-2015.
Broad money supply, private credits, financial system deposit liabilities and deposit money banks’
assets are determined as proxies of financial deepening. Kónya (2006) bootstrap panel granger
causality approach is used for this relationship based on Seemingly Unrelated Regression (SUR)
model. Empirical findings indicate that countries can be clustered according to supply-leading
and demand following approach. Besides, there exists evidence for bidirectional causality for
some countries. |
| first_indexed | 2024-12-13T01:10:32Z |
| format | Article |
| id | doaj.art-98e111bb74a64fb7902baab0ad46a20f |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-13T01:10:32Z |
| publishDate | 2018-03-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-98e111bb74a64fb7902baab0ad46a20f2022-12-22T00:04:28ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292018-03-01XXV19511218418678The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countriesMesut Alper GEZER0 Dumlupınar University, Kütahya, Turkey This paper investigates the causal relationship between financial deepening and economic growth for fourteen upper middle income countries for the period during 1987-2015. Broad money supply, private credits, financial system deposit liabilities and deposit money banks’ assets are determined as proxies of financial deepening. Kónya (2006) bootstrap panel granger causality approach is used for this relationship based on Seemingly Unrelated Regression (SUR) model. Empirical findings indicate that countries can be clustered according to supply-leading and demand following approach. Besides, there exists evidence for bidirectional causality for some countries. http://store.ectap.ro/articole/1322.pdf financial deepeningsupply-leadingdemand-followingbootstrapmiddle income |
| spellingShingle | Mesut Alper GEZER The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries Theoretical and Applied Economics financial deepening supply-leading demand-following bootstrap middle income |
| title | The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries |
| title_full | The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries |
| title_fullStr | The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries |
| title_full_unstemmed | The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries |
| title_short | The relationship between financial deepening and economic growth: Bootstrap causality approach for the selected upper middle income countries |
| title_sort | relationship between financial deepening and economic growth bootstrap causality approach for the selected upper middle income countries |
| topic | financial deepening supply-leading demand-following bootstrap middle income |
| url |
http://store.ectap.ro/articole/1322.pdf
|
| work_keys_str_mv | AT mesutalpergezer therelationshipbetweenfinancialdeepeningandeconomicgrowthbootstrapcausalityapproachfortheselecteduppermiddleincomecountries AT mesutalpergezer relationshipbetweenfinancialdeepeningandeconomicgrowthbootstrapcausalityapproachfortheselecteduppermiddleincomecountries |