Financial development and human capital in Turkey: ARDL approach
| dc.authorid | https://orcid.org/0000-0002-8000-5543 | |
| dc.contributor.author | Satrovic, Elma | |
| dc.date.accessioned | 2019-11-29T12:10:51Z | |
| dc.date.available | 2019-11-29T12:10:51Z | |
| dc.date.issued | 2017 | en_US |
| dc.department | İktisadi ve İdari Bilimler Fakültesi | en_US |
| dc.description.abstract | The impact of human capital on financial development has not been studied quite extensively in up-to-date studies. Hence, this article tries to fill in this gap by exploring the impact of human capital on financial development in Turkey. Human capital is expected to have a positive impact on financial development since it reduces information asymmetry. In addition, it is expected to increase demand for financial services and instruments. This article investigates the long-run and short-run relationship between financial development and human capital in Turkey using ARDL approach. Data are collected over 30-years period (1986-2015). In order to estimate the relationship between these economic terms, financial development is approximated using two proxy variables: broad money (% of GDP) and liquid liabilities (% of GDP). Two proxy variables of financial development are used in order to check for the sensitivity of the results. In addition, the impact of gross capital formation (% of GDP) is controlled. The obtained results indicate a significant positive impact of human capital on broad money (% of GDP) as well as on liquid liabilities (% of GDP) in both, short- and long-run. Control variable is not reported to be significant. Pesaran/Shin/Smith ARDL bounds test confirms the existence of a long-run relationship. | en_US |
| dc.identifier.citation | Satrovic, ELMA . (2017).Financial development and human capital in Turkey: ARDL approach . Kapadokya Akademik Bakış , 1 (2) , 1-15. | en_US |
| dc.identifier.endpage | 15 | en_US |
| dc.identifier.issue | 2 | en_US |
| dc.identifier.startpage | 1 | en_US |
| dc.identifier.uri | https://hdl.handle.net/20.500.12507/1226 | |
| dc.identifier.volume | 1 | en_US |
| dc.language.iso | en | |
| dc.relation.ispartof | KAPADOKYA AKADEMİK BAKIŞ | |
| dc.relation.publicationcategory | Gazete Makalesi - Ulusal | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | Financial development | en_US |
| dc.subject | Human capital | en_US |
| dc.subject | ARDL | en_US |
| dc.subject | Bounds test | en_US |
| dc.title | Financial development and human capital in Turkey: ARDL approach | |
| dc.type | Article |
