The islamic banking and economic growth nexus: A panel VAR analysis for organization of islamic cooperation (OIC) countries

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dc.authorid42263060100
dc.authorid57189525009
dc.authorid57203249316
dc.contributor.authorZirek D.
dc.contributor.authorCelebi F.
dc.contributor.authorKabir Hassan M.
dc.date.accessioned20.04.201910:49:12
dc.date.accessioned2019-04-20T21:43:45Z
dc.date.available20.04.201910:49:12
dc.date.available2019-04-20T21:43:45Z
dc.date.issued2016
dc.departmentBayburt Üniversitesien_US
dc.description.abstractIn this paper, we investigate the impact of Islamic banking variables on economic growth in a panel setting for 14 member countries of the Organization of Islamic Countries during 1999-2011 period. We examine the short-run effects as well as long-run effects by employing the Panel VAR method. We find a positive and significant relationship between Islamic finance and economic growth. This relationship is robust with regard to several macroeconomic control variables such as capital stock, unemployment, inflation, and government expenditure. We show that an increase in the share of Islamic deposits, assets, and loans in total banking instruments results in an increase in economic growth. The results also show that in the long run, economic growth responds positively to shocks in Islamic instruments, namely Islamic deposits, investments, and size. Shocks in Islamic banking contribute to more than 3% of the forecast error in economic growth in the next 10 year period. © 2016, Statistical Economic and Social Research and. All rights reserved.en_US
dc.identifier.endpage100
dc.identifier.issn1308-7800
dc.identifier.issue1
dc.identifier.scopus2-s2.0-84971668314en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage69
dc.identifier.urihttps://hdl.handle.net/20.500.12403/669
dc.identifier.volume37
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherStatistical Economic and Social Research and
dc.relation.ispartofJournal of Economic Cooperation and Developmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleThe islamic banking and economic growth nexus: A panel VAR analysis for organization of islamic cooperation (OIC) countriesen_US
dc.typeArticleen_US

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