Finance growth nexus following the 2001 crisis in Turkey

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buir.advisorBöke, Selin Sayek
dc.contributor.authorSongül, Hüseyin
dc.date.accessioned2016-01-08T18:19:47Z
dc.date.available2016-01-08T18:19:47Z
dc.date.issued2012
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : The Department of Economics, İhsan Doğramacı Bilkent University, 2012.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2012.en_US
dc.descriptionIncludes bibliographical references leaves 26-28.en_US
dc.description.abstractDiverse economic growth rates of countries have engaged the attention of economists. Recently, researchers have studied the role of financial development to explain the cross-country differences in growth. In particular, the direction of causality between financial sector development and economic growth has been analyzed in the context of two conflicting hypotheses. According to supply-leading hypothesis financial development leads to economic growth, however demandfollowing hypothesis claims that the direction of the relationship runs from economic growth to financial development. Beside these two competing hypotheses, bi-causality between economic growth and financial development has been argued in the literature as well. This paper examines the causal relationship between financial development and economic growth in Turkey for the period 2002:1-2011:2, using the technique of Granger causality. Our model reveals that there is a bidirectional long run relationship between the economic growth and banking sector development. On the other hand, the long run causality between the stock market development and economic growth is from stock market development to economic growth.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilitySongül, Hüseyinen_US
dc.format.extentix, 35 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/15524
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjecteconomic growthen_US
dc.subjectfinancial developmenten_US
dc.subjectGranger causalityen_US
dc.subjectTurkeyen_US
dc.subject.lccHC492 .S65 2012en_US
dc.subject.lcshEconomic development--Turkey.en_US
dc.subject.lcshEconomic growth--Turkey.en_US
dc.subject.lcshFinance--Turkey.en_US
dc.subject.lcshFinancial institutions--Turkey.en_US
dc.subject.lcshFinancial crises--Turkey.en_US
dc.titleFinance growth nexus following the 2001 crisis in Turkeyen_US
dc.typeThesisen_US

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