The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis
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Dosyalar
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This article is investigated the connections between economic growth, trade openness and banking sector depth, using a paneldata set including seventeen countries in the Islamic Cooperation Organization (OIC), where participation and conventionalbanking co-exist, for the period 1990–2016. Using a multivariate framework, it is primarily found that all the variables are notintegrated of order one (I). Since the series are not stationary, cross-dependence tests and Westerlund (2007) cointegrationanalysis are performed to the series and it is determined that the series are cross-dependent and cointegrated. Then, the modelsare estimated with three estimators by writing the panel as panel ARDL model to determine the long-term and short-termrelations. The results of the study indicate a general long-run equilibrium connection between economic growth, trade opennessand banking sector depth as well as a short-run connection among these variables. Policy suggestions include those that willincrease greater banking sector depth as well as promoted trade openness.
Açıklama
Anahtar Kelimeler
İktisat, İstatistik ve Olasılık, İşletme
Kaynak
WoS Q Değeri
Scopus Q Değeri
Cilt
7
Sayı
2
