Scopus:
The role of institutional quality in the relationship between financial development and economic growth: Emerging markets and middle-income economies

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dc.contributor.authorBayraktar, Y.
dc.contributor.authorOzyilmaz, A.
dc.contributor.authorToprak, M.
dc.contributor.authorOlgun, M.F.
dc.contributor.authorIsik, E.
dc.date.accessioned2023-12-19T05:20:58Z
dc.date.available2023-12-19T05:20:58Z
dc.date.issued2023
dc.description.abstractIn 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.
dc.identifier10.1016/j.bir.2023.10.002
dc.identifier.doi10.1016/j.bir.2023.10.002
dc.identifier.endpage1321
dc.identifier.issn2214-8450
dc.identifier.issue6
dc.identifier.scopus2-s2.0-85174462533
dc.identifier.startpage1303
dc.identifier.urihttps://hdl.handle.net/20.500.12597/18036
dc.identifier.volume23
dc.language.isoen
dc.publisherBorsa Istanbul Anonim Sirketi
dc.relation.ispartofBorsa Istanbul Review
dc.relation.ispartofseriesBorsa Istanbul Review
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectFinancial development, Growth, Institutional quality, Causality, Machine learning, Random forest
dc.titleThe role of institutional quality in the relationship between financial development and economic growth: Emerging markets and middle-income economies
dc.typearticle
dspace.entity.typeScopus
oaire.citation.issue6
oaire.citation.volume23
person.affiliation.nameAnkara Üniversitesi
person.affiliation.nameKocaeli Üniversitesi
person.affiliation.nameİstanbul Sabahattin Zaim University
person.affiliation.nameKastamonu University
person.affiliation.nameMalatya Turgut Ozal University
person.identifier.orcid0000-0002-3499-4571
person.identifier.orcid0000-0001-9201-2508
person.identifier.orcid0000-0001-9217-6318
person.identifier.orcid0000-0002-2728-0714
person.identifier.orcid0000-0002-6179-5746
person.identifier.scopus-author-id57221204085
person.identifier.scopus-author-id57221197834
person.identifier.scopus-author-id6603896828
person.identifier.scopus-author-id57221205634
person.identifier.scopus-author-id57205761461

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