EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE

With the phenomenon of globalization, the effects of financial liberalization have become an important issue for developing countries as well as developed countries. In particular, the impact of financial liberalization on economic growth has been a topic of interest to researchers in recent years....

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Meryem SAMIRKAŞ KOMŞU, Hülya BAKAN, Mustafa Can SAMIRKAŞ
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	financial liberalization turkish economy economic growth var analysis granger causality test Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/37d28285c750470bb90d620bd1f76fa4
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:37d28285c750470bb90d620bd1f76fa4
record_format	dspace
spelling	oai:doaj.org-article:37d28285c750470bb90d620bd1f76fa42021-11-24T09:20:43ZEFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE2148-416310.9761/JASSS7413https://doaj.org/article/37d28285c750470bb90d620bd1f76fa42019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=1020093907_22-Do%C3%A7.-Dr.-Meryem-Sam%C4%B1rka%C5%9F-Kom%C5%9Fu.pdf&key=28605https://doaj.org/toc/2148-4163With the phenomenon of globalization, the effects of financial liberalization have become an important issue for developing countries as well as developed countries. In particular, the impact of financial liberalization on economic growth has been a topic of interest to researchers in recent years. The Turkish economy has undergone significant changes since the 1980s when financial liberalization took place. In these changes, policies to liberalize the interest, exchange rate and capital movements put into practice in order to provide financial liberalization have been effective. As a result of the policies implemented during the liberalization period, the Turkish economy reached high growth rates in some periods, but it also faced financial crises in other periods due to the liberalization of capital movements. In order to test whether there is a meaningful relationship between financial liberalization and economic growth and to demonstrate the direction of this possible relationship, the relationship between financial liberalization and economic growth over the period 1998/Quarter 1 – 2017/Quarter 1 was initially tested with the VAR (Vector Autoregressive) model. Then, the usability of the effective variable as a policy tool was identified with impulse-response functions, and the impact level was determined by variance decompositions. Then, Granger Causality Test was applied in order to determine economic growth, financial liberalization and commercial openness in the short term. As a result of the analysis, it can be said that capital flows, which are indicators of financial liberalization, affect economic growth. It can be argued, however, that capital flows are one of the causes of foreign trade volume. In addition, it was determined in this study that GDP and M2Y are Granger causes of foreign trade volume.Meryem SAMIRKAŞ KOMŞUHülya BAKANMustafa Can SAMIRKAŞFırat Universityarticlefinancial liberalizationturkish economyeconomic growthvar analysisgranger causality testSocial SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 10, Iss 63, Pp 299-314 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	financial liberalization turkish economy economic growth var analysis granger causality test Social Sciences H Social sciences (General) H1-99
spellingShingle	financial liberalization turkish economy economic growth var analysis granger causality test Social Sciences H Social sciences (General) H1-99 Meryem SAMIRKAŞ KOMŞU Hülya BAKAN Mustafa Can SAMIRKAŞ EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE
description	With the phenomenon of globalization, the effects of financial liberalization have become an important issue for developing countries as well as developed countries. In particular, the impact of financial liberalization on economic growth has been a topic of interest to researchers in recent years. The Turkish economy has undergone significant changes since the 1980s when financial liberalization took place. In these changes, policies to liberalize the interest, exchange rate and capital movements put into practice in order to provide financial liberalization have been effective. As a result of the policies implemented during the liberalization period, the Turkish economy reached high growth rates in some periods, but it also faced financial crises in other periods due to the liberalization of capital movements. In order to test whether there is a meaningful relationship between financial liberalization and economic growth and to demonstrate the direction of this possible relationship, the relationship between financial liberalization and economic growth over the period 1998/Quarter 1 – 2017/Quarter 1 was initially tested with the VAR (Vector Autoregressive) model. Then, the usability of the effective variable as a policy tool was identified with impulse-response functions, and the impact level was determined by variance decompositions. Then, Granger Causality Test was applied in order to determine economic growth, financial liberalization and commercial openness in the short term. As a result of the analysis, it can be said that capital flows, which are indicators of financial liberalization, affect economic growth. It can be argued, however, that capital flows are one of the causes of foreign trade volume. In addition, it was determined in this study that GDP and M2Y are Granger causes of foreign trade volume.
format	article
author	Meryem SAMIRKAŞ KOMŞU Hülya BAKAN Mustafa Can SAMIRKAŞ
author_facet	Meryem SAMIRKAŞ KOMŞU Hülya BAKAN Mustafa Can SAMIRKAŞ
author_sort	Meryem SAMIRKAŞ KOMŞU
title	EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE
title_short	EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE
title_full	EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE
title_fullStr	EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE
title_full_unstemmed	EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE
title_sort	effect of financial liberalization on economic growth: turkey case
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/37d28285c750470bb90d620bd1f76fa4
work_keys_str_mv	AT meryemsamirkaskomsu effectoffinancialliberalizationoneconomicgrowthturkeycase AT hulyabakan effectoffinancialliberalizationoneconomicgrowthturkeycase AT mustafacansamirkas effectoffinancialliberalizationoneconomicgrowthturkeycase
_version_	1718415603345129472

EFFECT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: TURKEY CASE

Ejemplares similares