The Role of Institutional Quality in the Relationship Between Financial Development and Economic Growth: Emerging Markets and Middle-Income Economies

dc.authorscopusid57221204085
dc.authorscopusid57221197834
dc.authorscopusid6603896828
dc.authorscopusid57221205634
dc.authorscopusid57205761461
dc.authorwosidAAT-3136-2020
dc.authorwosidDYR-3837-2022
dc.authorwosidU-3088-2019
dc.authorwosidHPG-8269-2023
dc.authorwosidJAI-8626-2023
dc.contributor.authorBayraktar, Yüksel
dc.contributor.authorÖzyılmaz, Ayfer
dc.contributor.authorToprak, Metin
dc.contributor.authorOlgun, Mehmet Fırat
dc.contributor.authorIşık, Esme
dc.contributor.authorToprak, Metin
dc.date.accessioned2024-03-16T08:02:16Z
dc.date.available2024-03-16T08:02:16Z
dc.date.issued2023
dc.departmentİşletme ve Yönetim Bilimleri Fakültesi
dc.description.abstractIn this study, the relationship between economic growth and financial development was analyzed for emerging markets and middle-income economies. The effect of financial development on growth, whether there is institutional quality or not, has also been investigated. In addition, which financial development indicator is more effective for growth has been examined. Six institutional quality indicators and seven financial development indicators were used. According to the Dumitrescu–Hurlin causality test results, there is a causality relationship between all financial development indicators and growth. According to the estimation results, financial development indicators have a positive effect on growth in the presence of institutional quality. However, if institutionalization is not included in the model, the effect of financial development indicators on economic growth is statistically insignificant.
dc.identifier.citationBayraktar, Y., Ozyilmaz, A., Toprak, M., Olgun, M. F., & Isik, E. (2023). The role of institutional quality in the relationship between financial development and economic growth: Emerging markets and middle-income economies. Borsa Istanbul Review, 23(6), 1303-1321.
dc.identifier.doi10.1016/j.bir.2023.10.002
dc.identifier.endpage1321
dc.identifier.issn2214-8450
dc.identifier.issn2214-8469
dc.identifier.issue6
dc.identifier.orcidYüksel Bayraktar |0000-0002-3499-4571
dc.identifier.orcidAyfer Özyılmaz |0000-0001-9201-2508
dc.identifier.orcidMetin Toprak |0000-0001-9217-6318
dc.identifier.orcidMehmet Fırat Olgun |0000-0002-2728-0714
dc.identifier.orcidEsme Işık |0000-0002-6179-5746
dc.identifier.scopus2-s2.0-85174462533
dc.identifier.scopusqualityQ1
dc.identifier.startpage1303
dc.identifier.urihttps://doi.org/10.1016/j.bir.2023.10.002
dc.identifier.urihttps://hdl.handle.net/20.500.12436/5847
dc.identifier.volume23
dc.identifier.wosWOS:001139840600001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorToprak, Metin
dc.language.isoen
dc.publisherBorsa Istanbul Anonim Sirketi
dc.relation.ispartofBorsa Istanbul Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCausality
dc.subjectFinancial development
dc.subjectGrowth
dc.subjectInstitutional quality
dc.subjectMachine learning
dc.subjectRandom forest
dc.titleThe Role of Institutional Quality in the Relationship Between Financial Development and Economic Growth: Emerging Markets and Middle-Income Economies
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublication46c54606-cc10-4e48-b4ed-57fcef03066c
relation.isAuthorOfPublication.latestForDiscovery46c54606-cc10-4e48-b4ed-57fcef03066c

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