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Financial development and economic growth in emerging market: bootstrap panel causality analysis

Year: 2015

Type: article

Abstract: In this study, it was investigated whether there is a causality relationship between financial development and economic growth in emerging market countries. Data from the period between 1988 and 2013 was analyzed using the bootstrap panel causality test, which takes cross-section dependence and heterogeneity into account. The results of the test showed that there is a weak causal relationship between economic growth and financial development support the neutrality hypothesis in emerging countries, except for Turkey.

Source: Economie teoretică şi aplicată

Author: Yusuf Ekrem Akbaş

Language: Romanian

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W2245933071

FWCI: 7.922

Cites: 55

Cited by: 21

Related to: 10