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

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dc.contributor.authorPolat, Burçak
dc.date.accessioned2024-12-24T19:18:59Z
dc.date.available2024-12-24T19:18:59Z
dc.date.issued2019
dc.departmentSiirt Üniversitesi
dc.description.abstractPurpose: 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.
dc.identifier.endpage128
dc.identifier.issn1309-0712
dc.identifier.issue1
dc.identifier.startpage120
dc.identifier.trdizinid312078
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/312078
dc.identifier.urihttps://hdl.handle.net/20.500.12604/5469
dc.identifier.volume11
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofİşletme Araştırmaları Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241222
dc.subjectİşletme,İktisat,İşletme Finans
dc.titleThe Linkage between Economic Growth and Openness: Does Financial Development Matter?
dc.typeArticle

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