Durak, İsmailEroğlu, Ergün2020-04-302020-04-3020192148-22252148-2225https://doi.org/10.17093/alphanumeric.640213https://app.trdizin.gov.tr/makale/TXpNeU16SXlNZz09https://hdl.handle.net/20.500.12684/1143This 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.en10.17093/alphanumeric.640213info:eu-repo/semantics/openAccessİktisatİstatistik ve OlasılıkİşletmeArticle72205238