Economics at your fingertips  

Determinants of Economic Growth in Emerging Countries Under Structural Breaks Consideration

Ebru Aydoğan, Çağrı Levent Uslu and Natalya Ketenci

Sosyoekonomi Journal, 2017, issue 25(33)

Abstract: This paper examines the cointegration relationships between economic growth, financial development and trade openness in emerging markets in the presence of structural breaks. The empirical analysis includes 21 emerging countries for 1995-2013, on a quarterly basis. The paper tests for structural changes in the deterministic components of variables in use. Recent econometric techniques are applied in this study to evaluate the presence of structural breaks in the estimated growth equation and to examine the parameters of the model. Existence of the long-run relationships between the series were examined by three alternative cointegration techniques that allow for one, two and unknown number of shifts. The empirical results of the paper indicate a stronger effect of trade openness on economic growth compared to the financial development impact when structural breaks are considered.

Keywords: Economic Growth; Financial Development; Trade Openness; Emerging Markets; Structural Breaks. (search for similar items in EconPapers)
JEL-codes: C32 F43 O47 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)

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 Sosyoekonomi Journal from Sosyoekonomi Society Cihan St. 27/7 06430 Sihhiye Ankara Turkey.
Bibliographic data for series maintained by Aysen Sivrikaya ().

Page updated 2023-06-15
Handle: RePEc:sos:sosjrn:170302