INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH

Deniz GÜVERCİN, (Gazi Üniversitesi)
Adem GÖK (Kırklareli Üniversitesi)
Dumlupınar Üniversitesi Sosyal Bilimler Dergisi
1 0
Yıl: 2019 Cilt: 0 Sayı: 60 Sayfa Aralığı: 124 - 141 Metin Dili: İngilizce İndeks Tarihi: 25-11-2019

INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH

Öz:
This paper contributes to the literature by examining the impact of rule of law and regulatory quality on economicgrowth through their impact on the stock market development and banking development. In the study, panel vectorautoregressive model is employed for the EU-15 countries over the period of 1996-2012 in order to account theendogenous interrelations among these variables. Estimation results indicate that both indicators of institutionsincrease banking development as well as stock market development. Additionally, the findings indicate that bankingdevelopment complements with stock market development. It is found that capital market development increasesincome per capita whereas banking development decreases income per capita.
Anahtar Kelime:

Konular: İş Tarih Siyasi Bilimler Sosyoloji İktisat Uluslararası İlişkiler

KURUMLAR, FİNANSAL GELİŞME VE EKONOMİK BÜYÜME

Öz:
Öz Bu makale hukukun üstünlüğü ve düzenleyici kalitenin menkul kıymetler borsasının gelişimi ve bankacılık sektörü gelişimi üzerinden ekonomik büyümeye etkisini analiz ederek literatüre katkı sağlamaktadır. Değişke nler arasındaki karşılıklı içsel ilişkileri açıklamak için AB-15 ülkelerini 1996-2012 zaman dilimi arasında ele alarak panel vektör özbağlanımlı model kullanılmıştır. Tahmin sonuçları, kurumların her iki göstergesinin de menkul kıymetler borsasının gelişimi yanında bankacılık sektörü gelişimini arttırdığını göstermektedir. Ek olarak, bulgular menkul kıymetle r borsasının gelişimi ile bankacılık sektörü gelişimi arasında tamamlayıcılık ilişkisi olduğunu göstermektedir. Menkul kıymetler borsasının gelişimi kişi başına düşen geliri artırırken, bankacılık sektörü gelişimi kişi başına düşen geliri azaltmaktadır.
Anahtar Kelime:

Konular: İş Tarih Siyasi Bilimler Sosyoloji İktisat Uluslararası İlişkiler
Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA Guvercin D, Gök A (2019). INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. , 124 - 141.
Chicago Guvercin Deniz,Gök Adem INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. (2019): 124 - 141.
MLA Guvercin Deniz,Gök Adem INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. , 2019, ss.124 - 141.
AMA Guvercin D,Gök A INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. . 2019; 124 - 141.
Vancouver Guvercin D,Gök A INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. . 2019; 124 - 141.
IEEE Guvercin D,Gök A "INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH." , ss.124 - 141, 2019.
ISNAD Guvercin, Deniz - Gök, Adem. "INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH". (2019), 124-141.
APA Guvercin D, Gök A (2019). INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 0(60), 124 - 141.
Chicago Guvercin Deniz,Gök Adem INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi 0, no.60 (2019): 124 - 141.
MLA Guvercin Deniz,Gök Adem INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, vol.0, no.60, 2019, ss.124 - 141.
AMA Guvercin D,Gök A INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 2019; 0(60): 124 - 141.
Vancouver Guvercin D,Gök A INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 2019; 0(60): 124 - 141.
IEEE Guvercin D,Gök A "INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH." Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 0, ss.124 - 141, 2019.
ISNAD Guvercin, Deniz - Gök, Adem. "INSTITUTIONS, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH". Dumlupınar Üniversitesi Sosyal Bilimler Dergisi 60 (2019), 124-141.
Sayfa Oluşturulma Tarihi
25-04-2024 6:52

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