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THE IMPACT OF FINANCIAL OPENNESS ON FINANCIAL DEVELOPMENT, GROWTH AND VOLATILITY IN TURKEY: EVIDENCE FROM THE ARDL BOUNDS TESTS

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dc.contributor.authorsErsoy, Imre
dc.date.accessioned2022-03-12T17:50:16Z
dc.date.accessioned2026-01-11T19:19:59Z
dc.date.available2022-03-12T17:50:16Z
dc.date.issued2011
dc.description.abstractThe aim of this paper is to investigate the impact of financial openness on financial development, growth and output volatility in Turkey Results of the bounds test reveal that financial openness is in a long run equilibrium relationship with financial development, growth and output volatility Granger causality tests disclose the existence of unidirectional causality from financial development to financial openness in the long run and from financial openness to output volatility in the short run. Yet, no Granger causality is detected neither from financial openness to growth nor from financial openness to financial development. Results call for further financial development and more conscientious monetary and fiscal policy design for financial openness in Turkey
dc.identifier.doidoiWOS:000297187500003
dc.identifier.eissn1848-9664
dc.identifier.issn1331-677X
dc.identifier.urihttps://hdl.handle.net/11424/230151
dc.identifier.wosWOS:000297187500003
dc.language.isoeng
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
dc.relation.ispartofECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectInternational Investment
dc.subjectLong Term Capital Movements
dc.subjectShort Term Capital Movements
dc.subjectOpen Economy Macroeconomics
dc.subjectEconomic Growth of Open Economies
dc.subjectBounds test
dc.subjectGranger causality
dc.subjectTRADE
dc.titleTHE IMPACT OF FINANCIAL OPENNESS ON FINANCIAL DEVELOPMENT, GROWTH AND VOLATILITY IN TURKEY: EVIDENCE FROM THE ARDL BOUNDS TESTS
dc.typearticle
dspace.entity.typePublication
oaire.citation.endPage44
oaire.citation.issue3
oaire.citation.startPage33
oaire.citation.titleECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA
oaire.citation.volume24

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