@Article{AJ_2019.07.02.ECON.04,
    doi     = { 10.17093/alphanumeric.640213 },
    author  = { İsmail Durak and Ergün Eroğlu },
    title   = { The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis },
    abstract = { This article is investigated the connections between economic growth, trade openness and banking sector depth, using a panel data set including seventeen countries in the Islamic Cooperation Organization (OIC), where participation and conventional banking co-exist, for the period 1990–2016. Using a multivariate framework, it is primarily found that all the variables are not integrated of order one (I). Since the series are not stationary, cross-dependence tests and Westerlund (2007) cointegration analysis are performed to the series and it is determined that the series are cross-dependent and cointegrated. Then, the models are estimated with three estimators by writing the panel as panel ARDL model to determine the long-term and short-term relations. The results of the study indicate a general long-run equilibrium connection between economic growth, trade openness and banking sector depth as well as a short-run connection among these variables. Policy suggestions include those that will increase greater banking sector depth as well as promoted trade openness. }
    journal = { Alphanumeric Journal },
    year    = { 2019 },
    volume  = { 7 },
    number  = { 2 },
    pages   = { 205-238 },
    url     = { https://alphanumericjournal.com/article/the-nexus-of-economic-growth-trade-openness-and-banking-sector-depth-in-oic-an-application-of-panel-data-analysis },
}