STOCK MARKET AND BANKING SECTOR DEVELOPMENT IN TURKEY: DO THEY HAVE THE SAME IMPACT ON ECONOMIC GROWTH?

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Economic research - Ekonomska istraživanja, Vol. 24 No. 4, 2011.

Preliminary communication

STOCK MARKET AND BANKING SECTOR DEVELOPMENT IN TURKEY: DO THEY HAVE THE SAME IMPACT ON ECONOMIC GROWTH?

Elif Kaya
Erlap Bektas
Mete Feridun

Full text: english pdf 326 Kb

page 65-74

downloads: 1.681

APA 6th Edition

Kaya, E., Bektas, E. & Feridun, M. (2011). STOCK MARKET AND BANKING SECTOR DEVELOPMENT IN TURKEY: DO THEY HAVE THE SAME IMPACT ON ECONOMIC GROWTH?. Economic research - Ekonomska istraživanja, 24 (4), 65-74. Retrieved from https://hrcak.srce.hr/77599

MLA 8th Edition

Kaya, Elif, et al. "STOCK MARKET AND BANKING SECTOR DEVELOPMENT IN TURKEY: DO THEY HAVE THE SAME IMPACT ON ECONOMIC GROWTH?." Economic research - Ekonomska istraživanja, vol. 24, no. 4, 2011, pp. 65-74. https://hrcak.srce.hr/77599. Accessed 22 Dec. 2024.

Chicago 17th Edition

Kaya, Elif, Erlap Bektas and Mete Feridun. "STOCK MARKET AND BANKING SECTOR DEVELOPMENT IN TURKEY: DO THEY HAVE THE SAME IMPACT ON ECONOMIC GROWTH?." Economic research - Ekonomska istraživanja 24, no. 4 (2011): 65-74. https://hrcak.srce.hr/77599

Harvard

Kaya, E., Bektas, E., and Feridun, M. (2011). 'STOCK MARKET AND BANKING SECTOR DEVELOPMENT IN TURKEY: DO THEY HAVE THE SAME IMPACT ON ECONOMIC GROWTH?', Economic research - Ekonomska istraživanja, 24(4), pp. 65-74. Available at: https://hrcak.srce.hr/77599 (Accessed 22 December 2024)

Vancouver

Kaya E, Bektas E, Feridun M. STOCK MARKET AND BANKING SECTOR DEVELOPMENT IN TURKEY: DO THEY HAVE THE SAME IMPACT ON ECONOMIC GROWTH?. Economic research - Ekonomska istraživanja [Internet]. 2011 [cited 2024 December 22];24(4):65-74. Available from: https://hrcak.srce.hr/77599

IEEE

E. Kaya, E. Bektas and M. Feridun, "STOCK MARKET AND BANKING SECTOR DEVELOPMENT IN TURKEY: DO THEY HAVE THE SAME IMPACT ON ECONOMIC GROWTH?", Economic research - Ekonomska istraživanja, vol.24, no. 4, pp. 65-74, 2011. [Online]. Available: https://hrcak.srce.hr/77599. [Accessed: 22 December 2024]

Abstract

This article investigates the impact of financial stock market development and banking sector development on economic growth in the case of Turkey using Johansen cointegration and Granger causality tests for the period between 01:1988 and 12:2004. The results suggest that banking sector development has positive impact on economic growth and vice versa. Hence, the results lend support to both demand following and supply leading hypotheses for banking sector development and economic growth relationship. However, the results fail to yield the same conclusion for the stock market-economic growth relationship.

Keywords

Granger-causality; banking sector; stock market

Hrčak ID:

77599

URI

https://hrcak.srce.hr/77599

Publication date:

1.12.2011.

Article data in other languages: croatian

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