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Does Islamic Finance Development Support Economic Growth? (A New Overlook) | ||
| Iranian Economic Review | ||
| مقاله 5، دوره 28، شماره 3، آذر 2024، صفحه 815-840 اصل مقاله (861.45 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2024.347404.1007519 | ||
| نویسندگان | ||
| Abdulkadir Sezai Emec* 1؛ Fatih Kaplan2؛ Omer Yalcinkaya3 | ||
| 1Department of Banking and Insurance, Vocational School, Tarsus University, Mersin, Turkey | ||
| 2Department of International Trade and Logistics, Tarsus University, Mersin, Turkey | ||
| 3Department of Economics, Ataturk University, Erzurum, Turkey | ||
| چکیده | ||
| In the study, the relationship between the development of Islamic finance and economic growth in 40 countries where the share of the value of Islamic finance assets in total financial assets is determined to be the highest in the world is examined. Econometric models, which are defined based on the extension of the Cobb-Douglas production function, are analyzed from 2012 to 2018 within the scope of panel data methodology that takes into account cross-section dependence. According to the results of the analysis made on two different models in which the total market value of Islamic finance assets is measured as flow and stock variables: Islamic finance development affects economic growth in a positive and statistically significant way in the 40 countries that make up the sample. This result reveals that there may be practices for the development of Islamic financial markets among the policies that countries can follow to achieve stable and sustainable economic growth. | ||
| کلیدواژهها | ||
| Cobb-Douglas Production Function؛ Economic Growth؛ Islamic Finance؛ Islamic Finance Indices؛ Panel Data Analysis | ||
| مراجع | ||
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