The Impact of ICT on Financial Sector Development Under Structural Break: An Empirical Analysis of the Turkish Economy

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dc.contributor.authorShahbaz, Muhammad
dc.contributor.authorÇetin, Murat
dc.contributor.authorAvcı, Pınar
dc.contributor.authorSarıgül, Sevgi Sümerli
dc.contributor.authorTopçu, Betül Altay
dc.date.accessioned2023-05-06T17:19:36Z
dc.date.available2023-05-06T17:19:36Z
dc.date.issued2023
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.departmentMeslek Yüksekokulları, Şarköy Meslek Yüksekokulu, Muhasebe ve Vergi Bölümü
dc.description.abstractThis study is to examine the relationship between information and communication technology (ICT) and financial development in the Turkish economy during the period of 1986-2018. By empirical literature, economic growth, technological innovation, and financial globalization are added to the financial development model as explanatory variables. The autoregressive distributed lag (ARDL) model and Hatemi-J cointegration test with two structural breaks are applied to examine the presence of cointegration between the variables. Dynamic ordinary least squares (DOLS), fully modified least squares (FMOLS), and canonical cointegrating regression (CCR) estimation techniques are applied for long-term estimates. The vector error correction model (VECM) Granger causality approach is used for causality analysis. Our empirical results show that under the structural break, ICT, economic growth, technological innovation, and financial globalization are cointegrated with financial development. In the presence of a structural break, ICT and technological innovation negatively affect financial development, while economic growth and financial globalization have a positive impact on financial development. The causality analysis determines that there is a one-way causality relationship running from ICT and economic growth to financial development. In addition, technological innovation and financial globalization lead to long-term financial development. Empirical findings have important policy recommendations for financial development in the Turkish economy.
dc.identifier.doi10.1177/09721509221143632
dc.identifier.issn0972-1509
dc.identifier.issn0973-0664
dc.identifier.scopus2-s2.0-85151002598
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://doi.org/10.1177/09721509221143632
dc.identifier.urihttps://hdl.handle.net/20.500.11776/11877
dc.identifier.wosWOS:000949249800001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorÇetin, Murat
dc.institutionauthorAvcı, Pınar
dc.language.isoen
dc.publisherSage Publications Ltd
dc.relation.ispartofGlobal Business Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectStructural break
dc.subjectICT
dc.subjectfinancial development
dc.subjectARDL
dc.subjectHatemi-J
dc.subjectcausality
dc.subjectEnvironmental Kuznets Curve
dc.subjectCommunication Technology
dc.subjectGrowth Nexus
dc.subjectTrade Openness
dc.subjectUnit-Root
dc.subjectInformation
dc.subjectCointegration
dc.subjectGlobalization
dc.subjectEducation
dc.subjectAfrica
dc.titleThe Impact of ICT on Financial Sector Development Under Structural Break: An Empirical Analysis of the Turkish Economy
dc.typeArticle

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