Doğuş Üniversitesi Dergisi

Doğuş Üniversitesi Dergisi

The Relationship Between Economic Growth and Stock Returns : Evidence From Turkey

Yazarlar: Mehmet ŞENTÜRK, Gökcen SAYAR ÖZKAN, Yusuf Ekrem AKBAŞ

Cilt 15 , Sayı 2 , 2014 , Sayfalar -

Konular:-

Anahtar Kelimeler:Financial Development,Stock Returns,Economic Growth,Turkey

Özet: Financial development is one of the most important determinants of the economic development. Financial developments in Turkey began in the early 1980s and still have continued. During this period, it has survived a severe interaction between financial development and economic growth. In this study, the causality relationship between stock returns and economic growth in Turkey it was analysed over the period 1998Q2-2014Q2. In this context; firstly, Bootstrapped Toda-Yamamoto and Frequency Domain causality tests were applied in order to understand the causality relationship between the two variables. As a result of the Bootstrapped Toda-Yamamoto causality test results, there is no relation of causality between the variables, but according to Frequency Domain causality test stock returns cause the economic growth in short term and economic growth cause stock returns in medium term.

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@article{2014, title={The Relationship Between Economic Growth and Stock Returns : Evidence From Turkey}, volume={15}, publisher={Doğuş Üniversitesi Dergisi}, author={Mehmet ŞENTÜRK, Gökcen SAYAR ÖZKAN, Yusuf Ekrem AKBAŞ}, year={2014} }
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Mehmet ŞENTÜRK, Gökcen SAYAR ÖZKAN, Yusuf Ekrem AKBAŞ. (2014). The Relationship Between Economic Growth and Stock Returns : Evidence From Turkey (Vol. 15). Vol. 15. Doğuş Üniversitesi Dergisi.
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Mehmet ŞENTÜRK, Gökcen SAYAR ÖZKAN, Yusuf Ekrem AKBAŞ. The Relationship Between Economic Growth and Stock Returns : Evidence From Turkey. no., Doğuş Üniversitesi Dergisi, 2014.
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