Finansal Sistemin Gelişmesi ve Büyüme-Kalkınma Süreçleri (Development of Financial System and Growth-Development Process)
Ucuncu Sektor Kooperatifcilik 44 (3), pp. 28-60 (2009)
27 Pages Posted: 25 Dec 2012
Date Written: September 15, 2009
It is generally accepted that the higher level of financial development makes positive contributions to the process of economic growth and development. Comparing the devepoled countries, emerging markets show very different structure, e.g. relatively bigger underground economy and less developed/inefficient financial markets. But in the case of China and India, the less developed financial marktes have not resulted slower economic growth and developmen. In this article, taken into account of essential reasons resulted less developed financial markets in Turkey, the author is reviewing financial development and economic growth-development link.
Note: Downloadable document is in Turkish.
Keywords: Financial system, finance and growth, finance and law, China, India
JEL Classification: G21, G28, 016
Suggested Citation: Suggested Citation