Sarıgül, Sevgi SümerliAvcı, Pınar2025-04-062025-04-0620242148-42872148-7189https://doi.org/10.17336/igusbd.1166058https://search.trdizin.gov.tr/tr/yayin/detay/1262079https://hdl.handle.net/20.500.11776/16989The 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.en10.17336/igusbd.1166058info:eu-repo/semantics/openAccessPanel DataDriscoll-KraayEconomic DevelopmentFinancial GlobalizationBanking Sector PerformanceArticle1111181262079