Financial Development and Investment Amount Nexus: A Case Study of Turkey

Asian Economic and Financial Review

关键词: Financial development;    Capital stock;    Toda-Yamamoto method;    Investment;    Banking sector;    Causality.;   

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

The paper examines the relationship between financial development and investment amount in Turkey over the period of 1998:01-2015:02 by using Toda-Yamamoto method. Banking sector and stock market measures of financial development are used in the econometric analysis. Our findings suggest that there is uni-directional causality from stock market development to investment amount. Moreover, empirical findings present that there is uni-directional causality from investment amount to banking sector development and bi-directional causality between banking sector development and stock market development.

【 授权许可】

CC BY