| Yazarlar |
Yüksel Bayraktar
Ankara Üniversitesi, Türkiye |
|
Ayfer Özyılmaz
Kocaeli Üniversitesi, Türkiye |
|
Metin Toprak
İstanbul Sabahattin Zaim Üniversitesi, Türkiye |
Öğr. Gör. Mehmet Fırat OLGUN
Kastamonu Üniversitesi, Türkiye |
|
Esme Işık
Malatya Turgut Özal Üniversitesi, Türkiye |
| Özet |
| In this study, the relationship between economic growth and financial development was analyzed for emerging markets and middle-income economies. The effect of financial development on growth, whether there is institutional quality or not, has also been investigated. In addition, which financial development indicator is more effective for growth has been examined. Six institutional quality indicators and seven financial development indicators were used. According to the Dumitrescu–Hurlin causality test results, there is a causality relationship between all financial development indicators and growth. According to the estimation results, financial development indicators have a positive effect on growth in the presence of institutional quality. However, if institutionalization is not included in the model, the effect of financial development indicators on economic growth is statistically insignificant. |
| Anahtar Kelimeler |
| Causality | Financial development | Growth | Institutional quality | Machine learning | Random forest |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale |
| Dergi Adı | Borsa Istanbul Review |
| Dergi ISSN | 2214-8450 |
| Dergi Tarandığı Indeksler | SSCI |
| Dergi Grubu | Q1 |
| Makale Dili | İngilizce |
| Basım Tarihi | 11-2023 |
| Cilt No | 23 |
| Sayı | 6 |
| Sayfalar | 1303 / 1321 |
| Doi Numarası | 10.1016/j.bir.2023.10.002 |
| Makale Linki | http://dx.doi.org/10.1016/j.bir.2023.10.002 |
| Atıf Sayıları | |
| SCOPUS | 2 |
| Google Scholar | 5 |
