ACARAVCI, S.K., ÖZTÜRK, İ. ve ACARAVCI, A., (2009), “Financial
development and economic growth: literature survey and empirical evidence
from sub-Saharan African countries”, South African Journal of Economic
and Management Sciences, 12(1), 11-27.
ACARAVCI, A., ÖZTÜRK, İ. ve ACARAVCI, S. K., (2007), “Finance-
Growth Nexus: Evidence from Turkey”, International Research Journal of
Finance and Economics, 11, 30-40.
AL-YOUSIF, Y. K., (2002), “Financial development and economic growth:
another look at the evidence from developing countries”, Review of
Financial Economics, 11, 131-150.
ALTINTAŞ, H. ve AYRIÇAY, Y., (2010), “Türkiye'de Finansal Gelişme ve
Ekonomik Büyüme İlişkisinin Sınır Testi Yaklaşımıyla Analizi: 1987-
2007”, 10 (2),71-98
APERGIS, N., FILIPPIDIS, I. ve ECONOMIDOU, C., (2007), “Financial
Deepening and Economic Growth Linkages: A Panel Data Analysis”,
Review of World Economics, 143(1), 179-198
ARESTIS, P., ve DEMETRIADES, P. O., (1997), “Financial Development
and Economic Growth: Assessing the Evidence”, Economic Journal
107(442), 783-799.
ARESTIS, P., DEMETRIADES, P. O., ve LUINTEL, K., (2001), “Financial
Development and Economic Growth: The Role of Stock Markets”, Journal
of Money, Credit, and Banking 33(1), 16-41.
ARROW, K. ve DEBREU, G., (1954), “Existence of an equilibrium for a
competitive economy”, Econometrica, 22, 265-29
Ş. BOZOKLU – V. YILANCI
182
BAILLIU, J. N., (2000), “Private Capital Flows, Financial Development,
and Economic Growth in Developing Countries”, Bank of Canada Working
Paper 2000-15.
BECK, T., LEVINE, R. ve LOAYZA, N., (2000), Finance and the Sources
of Growth. Journal of Financial Economics 58(1-2), 261-300.
BECK, T. ve LEVINE, R., (2004), “Stock Markets, Banks and Growth:
Panel Evidence”, Journal of Banking and Finance 28(3), 423–442.
BENCIVENGA, V. ve SMITH, B., (1991), “Financial intermediation and
endogenous growth”, Review of Economic Studies, 58(2), 1991, 195-209.
BLACKBURN, K. ve HUNG, V., (1998), “A theory of growth, financial
development and trade”, Economica, 65, 107-124.
CALDERON, C. ve LIU, L., (2003), “The direction of causality between
financial development and economic growth”, Journal of Development
Economics, 72, 321-334.
CHRISTOPOULOS, D. K. ve TSIONAS, E. G., (2004), “Financial
development and economic growth: Evidence from panel unit root and
cointegration test”, Journal of Development Economics, 73, 55-74.
DEMETRIADES, P. ve HUSSEIN, K., (1996), “Does financial
development cause economic growth? Time series evidence from 16
countries”, Journal of Development Economics, 51, 387-411
DIAZ-ALEJANDRO, C., (1985), “Good-bye financial repression, hello
financial crash”, Journal of Development Economics, 19, 1-24.
DUMITRESCU, E. I. ve HURLIN, C., (2012), “Testing for Granger noncausality
in heterogeneous panels”, Economic Modelling, 29(4), 1450-1460.
FASE, M. M. G. ve ABMA, R. C. N., (2003), “Financial environment and
economic growth in selected Asian countries”, Journal of Asian Economics,
14, 11-21.
Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Cilt:28, Sayı: 2, Yıl:2013, ss.161-187
183
FRY, M., (1989), “Financial development: theories and recent experience”,
Oxford Review of Economic Policy, 5, 13-27.
GAFFEO, E. ve GARALOVA, P., (2013), “On the finance-growth nexus:
additional evidence from Central and Eastern Europe countries”, Economic
Change and Restructuring, 3, 1-27
GOLDSMITH, R., (1969), Financial structure and development, Yale
University Press, New Haven.
GRANGER, C., (1969), “Investigating causal relations by econometric
models and cross-spectral methods”, Econometrica, 37(3), 424-438.
GREENWOOD, J. ve JOVANOVIC, B., (1990), “Financial development,
growth and the distribution of income”, Journal of Political Economy, 98,
1067-1107.
HABIBULLAH, M., (1999), “Financial development and economic growth
in Asian countries: testing the financial-led growth hypothesis”, Savings and
Development, 23, 279-290.
HABIBULLAH, M. ve ENG, Y., (2006), “Does Financial Development
Cause Economic Growth? A Panel Data Dynamic Analysis for the Asian
Developing Countries”, Journal of the Asia Pacific Economy, 11(4), 377-
393.
HARRISON, P., SUSSMAN, O ve ZEIRA, J., (1999), “Finance and
growth: Theory and new evidence”, Federal Reserve Board Finance and
Economics Discussion Paper No. 1999-35.
HASSANA, M. K., SANCHEZB, B. ve YUC, J. K., (2011). Financial
development and economic growth: New evidence from panel data, The
Quarterly Review of Economics and Finance, 51: 88-104.
HATEMI-J, A., (2003), “A new method to choose optimal lag order in
stable and unstable VAR models”, Applied Economics Letters, 10(3):135-
137.
Ş. BOZOKLU – V. YILANCI
184
HOLTZ-EAKIN, D., NEWEY, W. ve ROSEN, S., (1988). “Estimating
vector autoregression with panel data”, Econometrica, 56, 1371-1395.
HOOD, M.V., KIDD, Q. ve MORRIS, I.L., (2008), “Two sides of the same
coin: Employing Granger causality tests in a time series cross-section
framework”, Political Analysis, 161, 324-344.
IM, K.S., PESARAN M. H. ve SHIN Y., (2003), “Testing for Unit Roots in
Heterogeneous Panels”, Journal of Econometrics, 115, 53-74.
KHAN, S. M. ve SENHADJI, A. S., (2003), “Financial Development and
Economic Growth: A Review and New Evidence, Journal of African
Economies”, Supplement 12(2), 89-110.
KING, R. G. ve LEVINE, R., (1993a), “Finance and Growth: Schumpeter
Might Be Right”, Quarterly Journal of Economics 108(3), 717-737.
KING, R. G. ve LEVINE, R., (1993b), “Finance, Entrepreneurship and
Growth”, Journal of Monetary Economics, 32(3): 513-542.
LA PORTA, R., LOPEZ-DE-SILANES, F., SHLEIFER, A. ve VISHNY, R.
W., (1997), “Legal Determinants of External Finance”, Journal of Finance,
52(3), 1131-1150.
LA PORTA, R., LOPEZ-DE-SILANES, F., SHLEIFER, A. ve VISHNY, R.
W., (1998), “Law and Finance”, Journal of Political Economy, 106(6),
1113-1155.
LEVINE, R. ve ZERVOS, S., (1993), “What We Have Learned about
Policy and Growth from Cross-Country Regressions?”, American Economic
Review, 83(2), 426-430.
LEVINE, R., LOAYZA, N. ve BECK, T., (2000), “Financial Intermediation
and Growth: Causality and Causes”, Journal of Monetary Economics, 46(1),
31-77.
LEVINE, R., (1991), “Stock markets, growth and tax policy”, Journal of
Finance, 46, 1445-1465.
Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Cilt:28, Sayı: 2, Yıl:2013, ss.161-187
185
LEVINE, R., (1998), “The Legal Environment, Banks, and Long-Run
Economic Growth”, Journal of Money, Credit, and Banking, 30(3), 596-
613.
LEVINE, R., (1999), “Law, Finance, and Economic Growth”, Journal of
Financial Intermediation, 8(1/2), 36-67.
LIANG, Q. ve TENG, J.Z., (2006), “Financial development and economic
growth: Evidence from China”, China Economic Review, 17, 395-411.
LUCAS, R. E., (1988), “On the mechanics of economic development”,
Journal of Monetary Economics, 22, 3-42.
LUINTEL, K. B. ve KHAN, M., (1999), “A quantitative reassessment of the
finance-growth nexus: evidence from a multivariate VAR”, Journal of
Development Economics, 60, 381-405.
MADDALA, G.S. ve WU, S., (1999), “A comparative study of unit root
tests with panel data and a new simple test”, Oxford Bulletin of Economics
and Statistics, 61, 631-652.
MCKINNON, R., (1973), Money and Capital in Economic Development,
Brooking Institution, Washington DC.
Morgan Stanley Capital International (2013):
http://www.msci.com/products/indices/country_and_regional/em/
LUCAS, R., (1988), “On the mechanics of economic development”, Journal
of Monetary Economics, 22, 3-42.
PAGANO, M., (1993), “Financial market and growth: an overview”,
European Economic Review, 37, 613-622.
RACHDI, H. ve M’BAREK, H. B., (2001), “The Causality between
Financial Development and Economic Growth: Panel Data Cointegration
and GMM System Approaches”, International Journal of Economics and
Finance, 3(1), 143-151.
Ş. BOZOKLU – V. YILANCI
186
ROBINSON, J., (1952). The Rate of Interest and Other Essays, Macmillan,
London.
ROMER, P., (1989), “Capital accumulation and the theory of long-run
growth”, Modern Business Cycle Theory, (Ed. R. Barro), Harvard
University Press, Cambridge.
ROUSSEAU, P. L., (1998), “The Permanent Effects of Innovation of
Financial Depth: Theory and US Historical Evidence from Unobservable
Components Models, Journal of Monetary Economics, 42(2), 387-425.
ROUSSEAU, P. ve WACHTEL, P., (2000), “Equity Markets and Growth:
Cross-Country Evidence on Timing and Outcomes, 1980-1995”, Journal of
Banking and Finance, 24(12), 1933-1957.
SAINT-PAUL, G., (1992), “Technological choice, financial markets and
economic development”, European Economic Review, 36, 763-781.
SHAW, E., (1973), Financial Deepening in Economic Development, Oxford
University Press, Oxford.
SCHWERT, G. W., (1989), “Tests for unit-roots: A monte carlo
investigation”, Journal of Business and Economic Statistics, 7(2), 147-159.
SCHUMPETER, J., (1912), Theorie der wirtschaftlichen Entwicklung,
(çeviri: The Theory of Economic Development, New Jersey: Transaction
Publishers, 1934)
THORNTON, J., (1994), “Financial deepening and economic growth:
evidence from Asian economies”, Savings and Development, 18, 41-51.
ÜNALMIŞ, D., (2002), “The causality between financial development and
economic growth: the case of Turkey”, The Central Bank of the Turkish
Republic, Research Department Working Paper, No:3
Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Cilt:28, Sayı: 2, Yıl:2013, ss.161-187
187
WACHTEL, P. ve ROUSSEAU, P., (1995). Financial Intermediation and
Economic Growth: A Historical Comparison of the U.S., U.K. and Canada.
İçinde M. Bordo ve R. Sylla (Der.), Anglo-American Financial Systems:
Institutions and Market in Twentieth Century North America and the United
Kingdom. Homewood, Ill.: Business One Irwin.
World Bank, (1989), “World Development Report 1989”, The World Bank,
Washington DC.
Thank you for copying data from http://www.arastirmax.com
