The role of institutional quality in the relationship between financial development and economic growth: Emerging markets and middle-income economies
Yazarlar (5)
Prof. Dr. Yüksel Bayraktar Ankara Üniversitesi, Türkiye
Doç. Dr. Ayfer Özyılmaz Kocaeli Üniversitesi, Türkiye
Prof. Dr. Metin Toprak İstanbul Sabahattin Zaim Üniversitesi, Türkiye
Öğr. Gör. Dr. Mehmet Fırat OLGUN Kastamonu Üniversitesi, Türkiye
Doç. Dr. Esme Işık Malatya Turgut Özal Üniversitesi, Türkiye
| Makale Türü |
Özgün Makale
(SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale)
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| Dergi Adı | Borsa Istanbul Review (Q1) | ||
| Dergi ISSN | 2214-8450 Wos Dergi Scopus Dergi | ||
| Dergi Tarandığı Indeksler | SSCI | ||
| Makale Dili | İngilizce | Basım Tarihi | 11-2023 |
| Kabul Tarihi | – | Yayınlanma Tarihi | 01-11-2023 |
| Cilt / Sayı / Sayfa | 23 / 6 / 1303–1321 | DOI | 10.1016/j.bir.2023.10.002 |
| Makale Linki | http://dx.doi.org/10.1016/j.bir.2023.10.002 | ||
| UAK Araştırma Alanları |
İktisat Teorisi
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| 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 |
Science Direct
The role of institutional quality in the relationship between financial development and economic growth: Emerging markets and middle-income economies
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| Web of Science | 21 |
| Scopus | 30 |
| Google Scholar | 73 |