| ID | 169051 |
| Title Proper | Do industrialization, democracy, and financial openness promote financial development? evidence from Turkey |
| Language | ENG |
| Author | Akçay, Selçuk |
| Summary / Abstract (Note) | This study aims to unweil the determinants of financial development, particularly the impact of industrialization, democracy, and financial openness on financial development in Turkey over the 1975–2015 period, using a bounds testing approach. It is found that (i) financial development and its main determinants are co-integrated; (ii) democracy is positively associated with financial development, whereas financial openness is associated with lower financial development; and (iii) industrialization is not a significant determinant of financial development in Turkey. Based on the obtained results, some recommendations are also provided. |
| `In' analytical Note | Turkish Studies Vol. 20, No.5; Nov 2019: p.708-727 |
| Journal Source | Turkish Studies 2019-10 20, 5 |
| Key Words | Democracy ; Turkey ; Industrialization ; Financial Development ; Financial Openness |