The Relationship Between Primary Energy Consumption and Financial Development in Developing Countries That Were Dependent on Energy in Context of Global Development

Seli̇m Güngör, Özge Korkmaz, Süleyman Serdar Karaca and Yasemin Keskin Benli
Additional contact information
Seli̇m Güngör: Gaziosmanpasa University
Özge Korkmaz: Bayburt University
Süleyman Serdar Karaca: Gaziosmanpasa University
Yasemin Keskin Benli: Gazi University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2017, vol. 32, issue 108, 123-142

Abstract: In this study, it has been aimed to put forward the relati¬onship between primary energy consumption and financial de¬velopment for the period 1985-2015 of Argentina, China, South Korea, Israel, Malaysia, Mexico and Turkey. It has been conclu¬ded that, there is a long-term relationship between primary energy consumption and the ratio of assets of deposit banks to GDP in the study. Furthermore, it has been determined that there is a one-way causality relationship from the primary energy consumption to the ratio of deposit bank assets to GDP and the ratio of the local credit provided to the private sector to GDP.

Keywords: Primary Energy Consumption; Financial Deve¬lopment; Westerlund Panel Cointegration Test; Holtz-Eakin; Ne¬wey ve Rosen Causality Test (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/tr/download/article-file/359690 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:32:y:2017:i:108:p:123-142

DOI: 10.33203/mfy.311742

Access Statistics for this article

Journal of Finance Letters (Maliye ve Finans Yazıları) is currently edited by Süleyman Kale

More articles in Journal of Finance Letters (Maliye ve Finans Yazıları) from Maliye ve Finans Yazıları Yayıncılık Ltd. Şti.
Bibliographic data for series maintained by Süleyman Kale ().