The Relationship between Financialization and Economic Growth: Evidence from ARDL Model for the Turkish Economy

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dc.contributor.authorDoruk, Omer Tugsal
dc.date.accessioned2026-02-27T07:33:39Z
dc.date.available2026-02-27T07:33:39Z
dc.date.issued2026
dc.description.abstractWhile financialization has been widely discussed in the literature, Turkish economy-related literature is understudied. To our knowledge, there is no analysis of the link between financialization and economic growth in the Turkish economy. The present study is a very early attempt to measure financialization at the macroeconomic level for the Turkish economy using the ARDL model for 2002Q1-2016Q2. For the definition of financialization, the present paper uses the share of finance, insurance, and real estate sectors as of GDP at the macroeconomic level for the Turkish economy. The findings show a long-run relationship between financialization and economic growth; however, financialization negatively impacts the long-term growth of the Turkish economy.
dc.identifier.doi10.2298/PAN220121011D
dc.identifier.issn1452-595X
dc.identifier.issn2217-2386
dc.identifier.issue1
dc.identifier.urihttp://dx.doi.org/10.2298/PAN220121011D
dc.identifier.urihttps://hdl.handle.net/20.500.14669/4649
dc.identifier.volume73
dc.identifier.wosWOS:001665717900004
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherSavez Ekonomista Vojvodine
dc.relation.ispartofPanoeconomicus
dc.relation.publicationcategoryMakale - Uluslararas� Hakemli Dergi - Kurum ��retim Eleman�
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20260302
dc.subjectFinancialization
dc.subjectTurkish economy
dc.subjectARDL model
dc.subjectEconomic growth
dc.titleThe Relationship between Financialization and Economic Growth: Evidence from ARDL Model for the Turkish Economy
dc.typeArticle

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