Financial Development and Economic Growth: Time Series Evidence from Turkey

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Title

Financial Development and Economic Growth: Time Series Evidence from Turkey

Author

KIRAN, Burcu
YAVUZ, Nilgün Çil
GÜRİS, Burak

Abstract

This paper attempts to explore the relationship between financial development and economic growth for Turkey over the period 1968-2007. For this purpose, we used an endogenous break unit root test as suggested by Zivot and Andrews (1992) and the Gregory- Hansen (1996) cointegration technique. The empirical results showed that there is a long-run relationship between financial development and economic growth.

Keywords

Conference or Workshop Item
PeerReviewed

Date

2009

Extent

146

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