| dc.contributor.author |
Akinci, Gonul Yuce |
|
| dc.contributor.author |
Akinci, Merter |
|
| dc.contributor.author |
Yilmaz, Omer |
|
| dc.date.accessioned |
2022-08-19T11:08:41Z |
|
| dc.date.available |
2022-08-19T11:08:41Z |
|
| dc.date.issued |
2014 |
|
| dc.identifier.uri |
http://doi.org/10.15057/26816 |
|
| dc.identifier.uri |
http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/2893 |
|
| dc.description.abstract |
In this paper, the link between financial development and economic growth in OECD member countries is investigated using unbalanced panel cointegration and causality analysis for the period 1980-2011. The results of the Pedroni and Kao Cointegration Analysis show the existence of long-run relationship between financial development and economic growth. The result of Granger Causality Analysis indicates that there is a unidirectional causality relationship running from economic growth to the three proxy variables for financial development while a bidirectional relationship between broad measure of money and economic growth is observed. Therefore, it can be said that the demand-following phenomenon is dominant. |
en_US |
| dc.language.iso |
eng |
en_US |
| dc.publisher |
HITOTSUBASHI UNIVHITOTSUBASHI ACADEMY KUNITACHI, TOKYO, JAPAN |
en_US |
| dc.relation.isversionof |
10.15057/26816 |
en_US |
| dc.rights |
info:eu-repo/semantics/closedAccess |
en_US |
| dc.subject |
financial developmenteconomic growthpanel cointegration testpanel Granger causality test |
en_US |
| dc.subject |
TIME-SERIES EVIDENCESTABILIZATION POLICYCOINTEGRATIONREPRESSIONINTERMEDIATIONINVESTMENTREGRESSIONMARKETSTESTS |
en_US |
| dc.title |
FINANCIAL DEVELOPMENT-ECONOMIC GROWTH NEXUS: A PANEL DATA ANALYSIS UPON OECD COUNTRIES |
en_US |
| dc.type |
article |
en_US |
| dc.relation.journal |
HITOTSUBASHI JOURNAL OF ECONOMICS |
en_US |
| dc.contributor.department |
Ordu Üniversitesi |
en_US |
| dc.contributor.authorID |
0000-0002-5449-0207 |
en_US |
| dc.contributor.authorID |
0000-0002-5900-7114 |
en_US |
| dc.identifier.volume |
55 |
en_US |
| dc.identifier.issue |
1 |
en_US |
| dc.identifier.startpage |
33 |
en_US |
| dc.identifier.endpage |
50 |
en_US |