Asian Economic and Financial Review | |
Financial Development and Investment Amount Nexus: A Case Study of Turkey | |
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
【 预 览 】
Files | Size | Format | View |
---|---|---|---|
RO201902189887824ZK.pdf | 731KB | download |