Please use this identifier to cite or link to this item: http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/4647
Title: THE RELATIONSHIP BETWEEN CENTRAL BANK INDEPENDENCE, FINANCIAL FREEDOM, AND ECONOMIC GROWTH: A PANEL ARDL BOUNDS TESTING APPROACH
Authors: Akinci, Merter
Akinci, Gonul Yuce
Yilmaz, Omer
Ordu Üniversitesi
Keywords: Central bank independence, Financial freedom, Economic growth, Panel ARDL Bounds Testing Approach
TRANSITION ECONOMIES, INFLATION, COINTEGRATION, MONEY, COUNTRIES, INCOME, RATES
Issue Date: 2015
Publisher: CENTRAL BANK REPUBLIC TURKEY-ANKARA
Citation: Akinci, M., Akinci, GY., Yilmaz, Ö. (2015). THE RELATIONSHIP BETWEEN CENTRAL BANK INDEPENDENCE, FINANCIAL FREEDOM, AND ECONOMIC GROWTH: A PANEL ARDL BOUNDS TESTING APPROACH. Cent. Bank Rev., 15(3), 1-14
Abstract: The purpose of this study is to investigate the nexus between central bank independence, financial freedom, and economic growth in EU member countries from 1995 to 2011 by employing panel ARDL bounds testing approach. The results suggest that there is a positive and statistically significant evidence between central bank independence, financial freedom, and economic growth in both long and short-term. Besides, long-term empirical results refer that current period central bank independence and financial freedom are the important factors for determining the national output level. In addition, the results of the short-term dynamics are parallel with the long-term estimation results.
Description: WoS Categories: Economics
Web of Science Index: Emerging Sources Citation Index (ESCI)
Research Areas: Business & Economics
URI: https://www.webofscience.com/wos/woscc/full-record/WOS:000383775500001
http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/4647
ISSN: 1303-0701
1305-8800
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