19-29

• Karahan, Özcan
• Yilgör, Metehan

This study is an attempt to contribute to knowledge concerning to relationship between financial development and economic growth in literature. Based on the theory of financial deepening from the perspectives of monetization ratio we analyzed the relationship between financial development and economic growth in Turkey. In this context, using VAR model approach we investigated the relation between broad money supply to GNP ratio and per capita GDP annual data from 1980 to 2010. Empirical findings indicate that there are a bidirectional relationship between financial deepening and economic growth in Turkish Economy.

• Economics and Business

• Economics
• Finance
• Economic development
• Statistics

financial depth, economic growth, VAR model, granger causality

Περιέχει πίνακες, διαγράμματα και βιβλιογραφία