The Linkage between Economic Growth and Openness: Does Financial Development Matter?

POLAT, Burçak

The Linkage between Economic Growth and Openness: Does Financial Development Matter?

Burçak POLAT (Siirt University, Faculty of Business and Economics, Department of Economics, Siirt, Turkey)

İşletme Araştırmaları Dergisi

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Yıl: 2019 Cilt: 11 Sayı: 1 Sayfa Aralığı: 120 - 128 Metin Dili: İngilizce İndeks Tarihi: 06-11-2019

The Linkage between Economic Growth and Openness: Does Financial Development Matter?

Öz:

Purpose: Even though, the impact of trade openness on economic growth overwhelmingly hasbeen analyzed by researchers; the real effect still remains inconclusive and controversial in theliterature. The main objective of this study is therefore to find out whether the financialdevelopment has any role in determining the impact of trade openness on economic growthMethod: The study has employed dynamic panel data of 41 developing countries for the period1995-2014.Findings: this study could not find any effect of trade openness or financial development oneconomic growth. Rather, the study has found that interaction term representing the joint effectof financial development and openness has a negative effect on economic growth. Furthermore,the study has empirically proved that human capital and investments have positive effects oneconomic growth while inflation rate and global financial crisis worsen the economic growth.Discussion: The study has attributed this result to the willingness of investors to transfer theirfinancial capital outflows as trade barriers lowers and financial system gets deeper.

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Konular: İşletme İktisat

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	POLAT B (2019). The Linkage between Economic Growth and Openness: Does Financial Development Matter?. , 120 - 128.
Chicago	POLAT Burçak The Linkage between Economic Growth and Openness: Does Financial Development Matter?. (2019): 120 - 128.
MLA	POLAT Burçak The Linkage between Economic Growth and Openness: Does Financial Development Matter?. , 2019, ss.120 - 128.
AMA	POLAT B The Linkage between Economic Growth and Openness: Does Financial Development Matter?. . 2019; 120 - 128.
Vancouver	POLAT B The Linkage between Economic Growth and Openness: Does Financial Development Matter?. . 2019; 120 - 128.
IEEE	POLAT B "The Linkage between Economic Growth and Openness: Does Financial Development Matter?." , ss.120 - 128, 2019.
ISNAD	POLAT, Burçak. "The Linkage between Economic Growth and Openness: Does Financial Development Matter?". (2019), 120-128.

APA	POLAT B (2019). The Linkage between Economic Growth and Openness: Does Financial Development Matter?. İşletme Araştırmaları Dergisi, 11(1), 120 - 128.
Chicago	POLAT Burçak The Linkage between Economic Growth and Openness: Does Financial Development Matter?. İşletme Araştırmaları Dergisi 11, no.1 (2019): 120 - 128.
MLA	POLAT Burçak The Linkage between Economic Growth and Openness: Does Financial Development Matter?. İşletme Araştırmaları Dergisi, vol.11, no.1, 2019, ss.120 - 128.
AMA	POLAT B The Linkage between Economic Growth and Openness: Does Financial Development Matter?. İşletme Araştırmaları Dergisi. 2019; 11(1): 120 - 128.
Vancouver	POLAT B The Linkage between Economic Growth and Openness: Does Financial Development Matter?. İşletme Araştırmaları Dergisi. 2019; 11(1): 120 - 128.
IEEE	POLAT B "The Linkage between Economic Growth and Openness: Does Financial Development Matter?." İşletme Araştırmaları Dergisi, 11, ss.120 - 128, 2019.
ISNAD	POLAT, Burçak. "The Linkage between Economic Growth and Openness: Does Financial Development Matter?". İşletme Araştırmaları Dergisi 11/1 (2019), 120-128.