Economics at your fingertips  

The Istanbul Stock Exchange and Economic Growth

Mehmet Adak

Istanbul Stock Exchange Review, 2012, vol. 12, issue 48, 13-30

Abstract: The causality between the number of companies that are transacted in the Istanbul Stock Exchange market and economic growth in Turkish economy has been analyzed in this study. The analysis covers the 23 years between 1986 and 2009. The study shows that the number of new firms transacted in the stock exchange market account for 18% of annual national economic growth according to least square test results. These test results have been examined usingserial correlation and heteroskedasticity tests whereby significant reliable results were found.

Keywords: Economic Growth; Heteroskedasticity; Least Square Method; Serial Correlation; Stock Market (search for similar items in EconPapers)
JEL-codes: G10 O11 O16 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (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:

Access Statistics for this article

More articles in Istanbul Stock Exchange Review from Research and Business Development Department, Borsa Istanbul Contact information at EDIRC.
Bibliographic data for series maintained by Ahmet Palu ().

Page updated 2019-09-19
Handle: RePEc:bor:iserev:v:12:y:2012:i:48:p:13-30