@article {10.3844/jssp.2009.33.42,
article_type = {journal},
title = {Causal Relationships between Financial Development, Trade Openness and Economic Growth: The Case of Turkey },
author = {Yucel, Fatih},
volume = {5},
year = {2009},
month = {Mar},
pages = {33-42},
doi = {10.3844/jssp.2009.33.42},
url = {https://thescipub.com/abstract/jssp.2009.33.42},
abstract = {Problem statement: The main objective of this study was to examine the causality relations between financial development, trade openness and economic growth (GDP) for the Turkish economy. Approach: In time series context, recently developed econometric techniques were used: namely the Augmented Dickey-Fuller (ADF) for unit root, Johansen and Juselius (JJ) for cointegration and Granger causality test for causal relationships. Results: The findings of the study showed that while trade openness has a positive effect, financial development has a negative effect on growth. Conclusion: Moreover, the Granger causality test results revealed the presence of bicausal relationship between financial development, trade openness and growth indicating that economic policies aimed at financial development and trade openness have a statistically significant impact on economic growth. },
journal = {Journal of Social Sciences},
publisher = {Science Publications}
}