Convergence in Islamic financial development: Evidence from Islamic countries using the Fourier panel KPSS stationarity test

Basit Öğe Kaydı
dc.contributor.authorHassan, M. Kabir
dc.contributor.authorKazak, Hasan
dc.contributor.authorAdiguzel, Ugur
dc.contributor.authorGunduz, Mehmet Akif
dc.contributor.authorAkcan, Ahmet Tayfur
dc.date.accessioned2024-02-23T14:02:20Z
dc.date.available2024-02-23T14:02:20Z
dc.date.issued2023
dc.departmentNEÜen_US
dc.description.abstractThis study investigates whether there is convergence among Islamic countries with respect to the relationship between growth in Islamic financial markets and economic growth in those countries as measured by Gross Domestic Product. We use data from 2013 to 2021 for the nine Islamic countries with the highest levels of activity in Islamic finance. We employ the Fourier Panel KPSS Stationarity Test to examine the convergence hypothesis for four indicators of Islamic financial markets activity: Islamic Financial Asset Volume (IFAV), Islamic Banking Asset Volume, Sukuk Outstanding Volume, and Takaful Contribution Volume. Our analysis reveals that only IFAV exhibits convergence, while the other indicators do not. We also evaluate country-specific convergences within each indicator and find different results. Our study provides essential guiding findings regarding the significance of Islamic finance growth for countries and their prospects.Copyright (c) 2023 Borsa Istanbul Anonim sirketi. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).en_US
dc.identifier.doi10.1016/j.bir.2023.09.006
dc.identifier.endpage1302en_US
dc.identifier.issn2214-8450
dc.identifier.issn2214-8469
dc.identifier.issue6en_US
dc.identifier.scopus2-s2.0-85173808471en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1289en_US
dc.identifier.urihttps://doi.org/10.1016/j.bir.2023.09.006
dc.identifier.urihttps://hdl.handle.net/20.500.12452/11652
dc.identifier.volume23en_US
dc.identifier.wosWOS:001140142600001en_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.subjectIslamic Fi Nanceen_US
dc.subjectFinancial Developmenten_US
dc.subjectFourier Panel Stationarityen_US
dc.subjectConvergenceen_US
dc.titleConvergence in Islamic financial development: Evidence from Islamic countries using the Fourier panel KPSS stationarity testen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu