In this paper we review the literature on finance-growth nexus and investigate the causality between financial development and economic growth in Turkey for the period 1975-2004. The empirical investigation is carried out in a vector autoregression (VAR) framework based on the theory of...

In this paper the Turkish export-led growth hypothesis is examined from the trade liberalisation process initiated in 1980. The paper has employed Toda and Yamamoto (1995) procedure for testing for Granger non-causality in the augmented vector autoregressive (VAR) methodology to analyze the...

The aim of this paper is to examine the causal relationship between financial development, trade, economic growth, energy consumption and carbon emissions in Turkey for the 1960–2007 period. The bounds F‐test for cointegration test yields evidence of a long-run relationship between per...

This paper examines the causal relationship between energy consumption and economic growth for Turkey during 1971–2006. We employed two multivariate models, namely demand model and production model, based on vector error correction model. Then, we tested Granger causality after finding...

This aim of this paper is to use asymmetric causality tests to examine the coal consumption and Gross Domestic Product (GDP) relationship in Turkey based on data from 1980 to 2006. To investigate this relationship, a multivariate system is employed by including fixed capital formation and labor...

This paper examines the effects of exchange rate volatility on the export of Turkey in the context of cointegration model over the monthly period of 1989:01-2002:08. The major results show that increases in the volatility of the real exchange rate, approximating exchange-rate uncertainty, exert...

Turkish Republic of Northern Cyprus (TRNC) is a non-recognized state, which is not other than mainland Turkey (TR). Therefore, it is not able to develop its economy and moving to a worse economic structure as time passes. On the other hand, South Greek Cypriot Administration (SGCA), which...