The Effect Of Financial Development On Economic Growth: Panel Data Analysis

Mehmet Mercan, Mercan (2012) The Effect Of Financial Development On Economic Growth: Panel Data Analysis. In: 3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo.

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Abstract

In this study, the effect of financial development on economic growth was searched for the most rapidly developing countries(emerging markets)(Brazil,Russia,India,China and Turkey,BRIC-T) via panel data analysis by using the annual data of the period from 1989 to 2010. Foreign direct investments and trade openness which were thought to have effects on the growth were included in the analysis.According to empirical evidence derived from the study made with panel data analysis it was found that the effect of financial development on economic growth was positive and statistically significant in line with theoretical expectations.The evidence thateven foreign direct investments and openness contributed to the growth positively was also found. Keywords:Financial Development, Economic Growth, BRIC-T, Foreign Direct Investment, Trade Openness. Jel Codes: E49, F19, G29

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Faculty of Economics > Management Department
Depositing User: Users 173 not found.
Date Deposited: 01 Nov 2012 14:19
Last Modified: 01 Nov 2012 14:19
URI: http://eprints.ibu.edu.ba/id/eprint/1321

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