The Relationship Between Economic Development, Banking Sector Performance and Financial Globalization: Evidence from OECD Countries

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dc.contributor.authorSarıgül, Sevgi Sümerli
dc.contributor.authorAvcı, Pınar
dc.date.accessioned2025-04-06T12:18:06Z
dc.date.available2025-04-06T12:18:06Z
dc.date.issued2024
dc.departmentTekirdağ Namık Kemal Üniversitesi
dc.description.abstractThe aim of this study is to examine the relationship between the economic development of the 11 OECD countries selected in the period 1990-2018, banking sector performance and financial globalization by integrating investments and trade openness as explanatory variables. The cointegration between variables is investigated by Pedroni, Kao and Westerlund tests and the long-term coefficients are determined by Driscoll-Kraay standard errors forecasters. Finally, the causality relationship between variables is tested in the Dumitrescu-Hurlin panel bootstrap approach. Empirical findings indicate the existence of cointegration between variables. The banking sector performance, financial globalization and investments have a statistically significant positive effect on economic development, while the trade openness has a meaninglessly positive effect. They also indicate a two-way causality between the economic development and banking sector performance and investments, and a one-way causality running from trade openness to economic development. Therefore, the findings make political recommendations for both policymakers and future studies.
dc.identifier.doi10.17336/igusbd.1166058
dc.identifier.endpage18
dc.identifier.issn2148-4287
dc.identifier.issn2148-7189
dc.identifier.issue1
dc.identifier.startpage1
dc.identifier.trdizinid1262079
dc.identifier.urihttps://doi.org/10.17336/igusbd.1166058
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1262079
dc.identifier.urihttps://hdl.handle.net/20.500.11776/16989
dc.identifier.volume11
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofİstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_TR_20250406
dc.subjectPanel Data
dc.subjectDriscoll-Kraay
dc.subjectEconomic Development
dc.subjectFinancial Globalization
dc.subjectBanking Sector Performance
dc.titleThe Relationship Between Economic Development, Banking Sector Performance and Financial Globalization: Evidence from OECD Countries
dc.typeArticle

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