The impacts of conventional and Islamic banking sectors on real sector growth: Evidence from time-varying causality analysis for Turkiye

Basit Öğe Kaydı
dc.contributor.authorKazak, Hasan
dc.contributor.authorUluyol, Burhan
dc.contributor.authorAkcan, Ahmet Tayfur
dc.contributor.authorIyibildiren, Mustafa
dc.date.accessioned2024-02-23T14:02:20Z
dc.date.available2024-02-23T14:02:20Z
dc.date.issued2023
dc.departmentNEÜen_US
dc.description.abstractAdvocates of Islamic finance claim that it contributes to the development of the real economy, rather than focusing on growth in financial assets by selling money to earn money, but no empirical evidence has been produced to support that view. Therefore, this study investigates the effects of conventional banking activities and Islamic banking activities, in particular in terms of their contribution to economic growth and development. The novelty of the study is that it treats these relationships in terms of time-varying causality supported by Fourier functions. The study also seeks evidence of the possibility that the effect of conventional and Islamic banking on the dependent variables might become U-shaped or inverted U-shaped over time. This study uses three different datasets on the real economy in Turkiye for the period January 2005 to February 2023. Our results reveal that loan volume in banking in general and Islamic banking in particular affects the sectors considered and that causality varies over time. The study shows that, in Turkiye, Islamic banking activities have a weaker impact than banking activities in general because Islamic banking is still in its early stages of development, but it still has an impact on related sectors. Copyright (c) 2023 Borsa Istanbul Anonim Sirketi. Published by Elsevier B.V.en_US
dc.identifier.doi10.1016/j.bir.2023.09.004
dc.identifier.endpageS29en_US
dc.identifier.issn2214-8450
dc.identifier.issn2214-8469
dc.identifier.scopus2-s2.0-85173037310en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpageS15en_US
dc.identifier.urihttps://doi.org/10.1016/j.bir.2023.09.004
dc.identifier.urihttps://hdl.handle.net/20.500.12452/11651
dc.identifier.volume23en_US
dc.identifier.wosWOS:001154196500002en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofBorsa Istanbul Reviewen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBankingen_US
dc.subjectIslamic Bankingen_US
dc.subjectIslamic Financeen_US
dc.subjectEconomic Growthen_US
dc.subjectTime Varying Causality Testen_US
dc.titleThe impacts of conventional and Islamic banking sectors on real sector growth: Evidence from time-varying causality analysis for Turkiyeen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu