Does Financial Development Enhance Economic Growth? The Case of Turkic Countries

نویسندگان

چکیده

In this study, we investigate whether financial development enhances economic growth in Turkic countries, namely, Azerbaijan, Kazakhstan, Kyrgyzstan, and Türkiye from 1995 to 2017. The index is obtained the International Monetary Fund proxy for level of development. shows institutions markets terms depth, access, efficiency. annual percentage rate GDP per capita based on constant local currency taken as an indicator growth. main result analysis that there a positive relationship between robust using random effect regression, adding inflation, including Banking Z Score. However, impact can be seen institution instead market proxy. results support supply-leading hypothesis economies four countries.

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ژورنال

عنوان ژورنال: Bilig

سال: 2023

ISSN: ['1301-0549']

DOI: https://doi.org/10.12995/bilig.10603