The nexus between financial development and human development: the case of developing countries / Bilgehan Tekin

Tekin, Bilgehan (2020) The nexus between financial development and human development: the case of developing countries / Bilgehan Tekin. Journal of Emerging Economies & Islamic Research, 8 (2). pp. 1-15. ISSN 2289-2559

Abstract

The purpose of this study is to examine the relationship between financial development and human development from the health and welfare dimensions of developing countries. This study aims to determine whether the financial developments of the countries have an effect on the basic human development of the individuals and whether human development indicators have an impact on financial development. In this study, the relationship between financial development and human development were revealed by using data obtained from developing countries. The financial development levels of countries was measured using the financial development index. The index is calculated by using M3 / GDP, private sector loans / GDP and loans to banks from private sector / GDP ratios. The human development index is calculated by considering various health indicators and GNP per capita. The data includes annual data for the period 1970- 2016. Pedroni and Kao cointegration analysis and Dumitrescu and Hurlin panel causality analysis were performed in the study. The results show that there is long-term cointegration relationship and two-way causality between financial and human development in developing countiries.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Tekin, Bilgehan
UNSPECIFIED
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies & Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: 2289-2559
Volume: 8
Number: 2
Page Range: pp. 1-15
Keywords: Human Development, financial Development, Panel Cointegration, Panel Causality
Date: May 2020
URI: https://ir.uitm.edu.my/id/eprint/32094
Edit Item
Edit Item

Download

[thumbnail of AJ_BILGEHAN TEKIN JEEIR B 20.pdf] Text
AJ_BILGEHAN TEKIN JEEIR B 20.pdf

Download (391kB)

ID Number

32094

Indexing