Cilt 13 Sayı 2 (2025): Business & Management Studies: An International Journal
Makaleler

Finansal piyasalar, finansal kurumlar ve finansal gelişmişlik arasındaki nedensellik ilişkisi: Panel Granger nedensellik analizine ait bulgular

Haşim Bağcı
Doç. Dr., Aksaray Üniversitesi, Aksaray, Türkiye

Yayınlanmış 25.06.2025

Anahtar Kelimeler

  • Financial Markets, Financial Institutions, Financial Development, Panel Granger Causality Analysis
  • Finansal Piyasalar, Finansal Kurumlar, Finansal Gelişmişlik, Panel Granger Nedensellik Analizi

Nasıl Atıf Yapılır

Finansal piyasalar, finansal kurumlar ve finansal gelişmişlik arasındaki nedensellik ilişkisi: Panel Granger nedensellik analizine ait bulgular. (2025). Business & Management Studies: An International Journal, 13(2), 647-660. https://doi.org/10.15295/bmij.v13i2.2550

Nasıl Atıf Yapılır

Finansal piyasalar, finansal kurumlar ve finansal gelişmişlik arasındaki nedensellik ilişkisi: Panel Granger nedensellik analizine ait bulgular. (2025). Business & Management Studies: An International Journal, 13(2), 647-660. https://doi.org/10.15295/bmij.v13i2.2550

Öz

Yapılan çalışmanın amacı; finansal piyasalar, finansal kurumlar ve finansal gelişmişlik arasındaki nedensellik ilişkisinin varlığını ve yönünü tespit etmektir. Bu tespiti gerçekleştirmek için finansal gelişmişlik endeksi, finansal kurumlar endeksi, finansal kurumlara erişim, finansal kurumlarda derinlik, finansal piyasalarda derinlik ve finansal piyasalara erişim olmak üzere altı gösterge kullanılmıştır. Finansal piyasalar ve finansal kurumların, finansal gelişmişlik üzerinde etkisi olup olmadığı incelenmiştir. Modeldeki değişkenler durağan hâle getirilerek nedensellik analizine hazır duruma getirilmiştir. Panel Granger Nedensellik analizi sonucunda; finansal gelişmişlik, finansal piyasalar ve finansal kurumlar göstergeleri arasında gerek tek, gerekse de çift yönlü nedensellik ilişkileri saptanmıştır. Bu bulgular; finansal gelişmişlik, finansal piyasalar ve finansal kurumların bütün hâlinde çalışan bir finansal sistemin parçası olduğunu ortaya koymaktadır.

 

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