Financial development and economic growth an overview of Turkish case: 1982–1999

This research focuses on financial development and economic growth with a qualitative assessment of the Turkish case between 1982 and 1999. The effect of financial development on economic growth has been examined in numerous studies throughout the modern history of economics. The dissenters and advocates contest both the theme and the empirical evidence extensively. The debate, to a certain extent, however is still inconclusive and incomplete. In essence, the diversity of variables, time discrepancies, sui generis country structures, measurement, statistical and conceptual drawbacks and finally differences in the level of financial development of different countries initiate questionable generalisations. [Continues.]