Türkiye de Finansal Gelişme ve Ekonomik Büyüme İlişkisinin Nedensellik Analiz

Ak, Mehmet Zeki; Altintaş, Nurullah; Şimşek, Ahmet

doi:10.31671/dogus.2018.48

Cited by 17 publications

(4 citation statements)

References 11 publications

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“…That case is in consistence with "Demand Following Hypothesis" of Patrick (1966) which asserts that the more rapid the growth of real national income, the greater will be the demand for external funds and financial intermediation since under most circumstances firms will be less able to finance expansion from internally generated depreciation allowances and retained profits. That result is consistent with both Öztürk et al (2011) andAk et. al (2016).…”

Section: Discussionsupporting

confidence: 93%

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Finansal Gelişme Ve Ekonomik Büyüme Arasındaki İlişkinin İncelenmesi: Türkiye Örneği

Avcı¹

2017

Muhasebe Ve Finansman Dergisi

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The relationship between economic growth and financial development is investigated within the framework of this study in which financial development is examined under three sections including banking development, stock market development and debt market development. Examination is made by using quarterly data of Turkey for the period 2003Q1-2016Q1. At the end of study, a unidirectional relationship is found from stock market development to economic growth which validates "Supply Leading Hypothesis". From the perspective of banking development and debt market development, way of causality relationship validates "Demand Following Hypothesis".

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Section: Discussionsupporting

confidence: 93%

“…At the end of the empirical analysis authors fail to find any long run causality. Ak et al (2016) has also examined the relationship between financial development and economic growth by using yearly data of Turkey for the period 1989-2011. In this study where authors have developed a financial development index, Toda Yamamoto test is applied.…”

mentioning

confidence: 99%

Finansal Gelişme Ve Ekonomik Büyüme Arasındaki İlişkinin İncelenmesi: Türkiye Örneği

Avcı¹

2017

Muhasebe Ve Finansman Dergisi

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“…It is seen that, on the one hand, Ünalmış (2002), Aslan and Küçükaksoy (2006), Işık and Bilgin (2016), Pata and Ağca (2018), Eyüboğlu and Akan (2020), Eroğlu and Yeter (2021), and Fendoğlu's (2021) studies supported the SLH. On the other hand, Kar and Pentecost (2000), Kandır et al (2007), Keskin and Karşıyakalı (2010), Ozcan and Ari (2011), Kar et al (2014), Ak et al (2016), Tunalı and Onuk (2017), and Atay's (2020) findings confirmed the DFH. The differences between the empirical results for the Turkish economy can be attributed to the methodology employed and the proxy selected for financial development.…”

Section: Literature Surveymentioning

confidence: 91%

Re-Examination of the Supply Leading Hypothesis for Turkey: A Disaggregated Analysis

Görüş

2022

Yönetim Ve Ekonomi Araştırmaları Dergisi

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In this investigation, the causal link among financial development and economic activity is explored to determine whether the supply leading hypothesis (SLH) or the demand following hypothesis (DFH) is valid for the Turkish economy. For this aim, the study employs the Fourier Toda-Yamamoto causality test of Nazlioglu, Gormus, and Soytas (2016) by utilizing annual data covering 1980-2020. To proxy financial development, the Financial Development Index (FDi) of IMF and its eight sub-indices are chosen. The findings of this work show that the FDi Granger causes per capita income in Turkey. Therefore, one can say that the SLH holds for the Turkish economy at the aggregate level. The disaggregated level of data differs across sub-indices. The empirical findings of the paper provide significant policy implications for the economic agents.

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“…al. (2007), Chakraborty (2008), Ceylan and Durkaya (2010), Pradhan (2010b), Oluitan (2012) and Ak et. al.…”

Section: Literaturementioning

confidence: 96%

A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis

Hacıevliyagil

Ekşi̇

2019

South East European Journal of Economics and Business

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The manufacturing sector plays an important role in the development of modern economy all over the world. Manufacturing -as a sub -sector of the industry-refers to the production of raw materials and other factors of production, such as labor, land and capital, or goods and services through the production process. With the multiplier effect, the share of the manufacturing industry sectors in the world value added is around 20%. Similarly, the sector also covers about 1 in 9 of the total employment in the world (UNIDO, 2017). As to put it, the share of the sector in GDP is also very high and crucial. For example, in Turkey, the average manufacturing industry share in total GDP is 40% but it varies yearly. While the shares of agriculture and service sectors in GDP were declining in years recently, the share of the industrial sector was increasing (BAT, 2017).To fully realize the importance of the industry in evaluating the above figures, the interaction between the other sectors of the industrial sector and other economic activities on the economy scale has been examined for many years. In the 1920s, British economist Allyn Young suggested that network-type connections between sectors of this type were the Nuri Hacievliyagil, Ibrahim Halil Eksi AbstractThis study examines the relationship between bank credits and performance and growth of manufacturing sub-sectors. Industrial Production Index was used for a different approach as a dependent variable. Indications of the autoregressive distributed lag (ARDL) bound co-integration test support the theory that bank credits are more effective than loan rates on industrial production of sub-sectors. Moreover, the increase in bank credit leads to the rise of industrial production in all the sub-sectors, except Machinery. According to the Toda Yomamato causality test results, there are different degrees of causalities in means of the importance of bank loans for industrial production. On the other hand, in all sub-sectors except machinery and chemical sub-sectors, causality relations were observed at different grades beginning from loan interest rates to industrial production. As a result, this study concludes with the evidence of supply leading hypothesis via the financial sector leads and causes economic growth.

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Türkiye de Finansal Gelişme ve Ekonomik Büyüme İlişkisinin Nedensellik Analiz

Cited by 17 publications

References 11 publications

Finansal Gelişme Ve Ekonomik Büyüme Arasındaki İlişkinin İncelenmesi: Türkiye Örneği

Finansal Gelişme Ve Ekonomik Büyüme Arasındaki İlişkinin İncelenmesi: Türkiye Örneği

Re-Examination of the Supply Leading Hypothesis for Turkey: A Disaggregated Analysis

A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis

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