- Fiscaoeconomia
- Volume:3 Issue:1
- Determinants of Economic Growth: The Case of Turkey Under Structural Breaks
Determinants of Economic Growth: The Case of Turkey Under Structural Breaks
Authors : Fındık Özlem ALPER
Pages : 202-227
Doi:10.25295/fsecon.2019.01.008
View : 20 | Download : 9
Publication Date : 2019-01-31
Article Type : Research Paper
Abstract :In this study, the impacts of financial development, inflation, financial and trade openness on Turkey’s economic growth are examined over the period 1974-2017. The study, in which Fourier-Shin insert ignore into journalissuearticles values(FSHIN); cointegration test is performed, detects the existence of cointegrated series. According to the results of the fully modified ordinary least squares insert ignore into journalissuearticles values(FMOLS); and dynamic ordinary least squares insert ignore into journalissuearticles values(DOLS); methods based on the estimation of long-term coefficients, it is determined that financial development positively affects financial and trade openness as well as economic growth, whereas inflation has negative impacts.Keywords : Economic growth, Inflation, Fourier Shin cointegration