TY  - JOUR
TI  - The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis
AB  - This article is investigated the connections between economic growth, trade openness and banking sector depth, using a paneldata set including seventeen countries in the Islamic Cooperation Organization (OIC), where participation and conventionalbanking co-exist, for the period 1990–2016. Using a multivariate framework, it is primarily found that all the variables are notintegrated of order one (I). Since the series are not stationary, cross-dependence tests and Westerlund (2007) cointegrationanalysis are performed to the series and it is determined that the series are cross-dependent and cointegrated. Then, the modelsare estimated with three estimators by writing the panel as panel ARDL model to determine the long-term and short-termrelations. The results of the study indicate a general long-run equilibrium connection between economic growth, trade opennessand banking sector depth as well as a short-run connection among these variables. Policy suggestions include those that willincrease greater banking sector depth as well as promoted trade openness.
AU  - EROĞLU, ERGÜN
AU  - DURAK, ISMAIL
DO  - 10.17093/alphanumeric.640213
PY  - 2019
JO  - Alphanumeric Journal
VL  - 7
IS  - 2
SN  - 2148-2225
SP  - 205
EP  - 238
DB  - TRDizin
UR  - http://search/yayin/detay/332322
ER  -