土耳其经济增长与金融发展的因果关系分析:MODWT-Granger因果检验

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-10-01 DOI:10.18559/ebr.2022.3.4

Hayri Abar

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引用次数: 1

摘要

摘要本研究旨在探讨土耳其不同时期金融发展与经济增长之间的关系。本研究采用集合小波分析和格兰杰因果检验。用PSC代表金融发展，用GDP代表增长。使用的年度数据为1961-2018年。一年的结果表明，需求跟随假设对土耳其是有效的。金融发展是经济增长的格兰杰原因，对经济增长具有正向影响。应该在短期内支持金融部门的增长。虽然2-4年期间没有因果关系，但在4-8年，8-16年和16-32年期间确定了双向因果关系。由于变量之间互为格兰杰原因，并在积极的方向上相互影响，因此在以实现长期增长为目的时，支持金融部门是一种更可取的政策。

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An analysis of causal relationship between economic growth and financial development for Turkey: A MODWT—Granger causality test

Abstract This study aims to investigate the relationship between financial development and economic growth in different time horizons for Turkey. In this study an ensemble of wavelet analysis and Granger causality test were used. PSC was used to represent financial development and GDP was used to represent growth. The annual data used are for the period 1961–2018. The result obtained for a one year period shows that the demand-following hypothesis is valid for Turkey. Financial development is the Granger cause of growth and positively affects growth. The financial sector should be supported for growth in the short term. While there is no causal relationship for the 2–4 year period, bidirectional causality relationships were determined for the periods of 4–8 years, 8–16 years and 16–32 years. Because variables are a Granger cause of each other and affect each other in a positive direction supporting the financial sector is a preferable policy when the purpose is to achieve growth in the long run.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.