EFFECT OF FINANCIAL PRESSURE ON ECONOMIC GROWTH IN TURKEY: EVIDENCE FROM SYMMETRIC AND ASYMMETRIC REGRESSIONS
| Autor: | ÖZEK, Yavuz |
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| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | Volume: 8, Issue: 1 61-70 Journal of International Management Educational and Economics Perspectives |
| ISSN: | 2602-330X |
| Popis: | Financial repression is defined as regulations, laws and other non-market restrictions that are implemented by governments that prevent financial system intermediaries from working effectively. However, the necessity of financial repression for the stability of the financial system has started to be discussed after the 2008 financial crisis.To understand necessity of financial repression in the Turkish economy, in this study we investigate the effect of financial repression on economic growth in Turkey. In order to examine the possible effect empirically, advanced econometrical methods which allow analyzing interaction between variables symmetrically and/or asymmetrically are employed on the period covers 2005 – 2019. Empirical results indicate that there is no symmetrical relationship between financial pressure and economic growth, while only negative financial pressure change affects the economy asymmetrically. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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