ISLAMIC FINANCE DEVELOPMENT AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM TURKEY
Journal Title: Türkiye islam iktisadı dergisi - Year 2017, Vol 4, Issue 1
Abstract
This work is a study on Islamic finance development and economic growth nexus for Turkey. It employs the econometric methods of unit root, co-integration, and Granger causality in a VECM framework; and the results, which are robust to all measures of Islamic finance development, show a unidirectional short and long run causality from Islamic finance development to economic growth. Hence, it is recommended that policy makers increase their efforts in promoting Islamic finance in Turkey.
Authors and Affiliations
Mustapha Jobareth, Hakan Ergec
Keywords
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- EP ID EP300842
- DOI 10.15238/tujise.2017.4.1.31-47
- Views 122
- Downloads 0
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