Author/Authors :
KAYA, Emine Ağrı İbrahim Çeçen Üniversitesi - Iktisadi ve Idari Bilimler Fakültesi (İİBF) - İşletme Bölümü, TURKEY , ÇAM, Alper Veli Gümüşhane Üniversitesi - Iktisadi ve Idari Bilimler Fakültesi (İİBF) - İşletme Bölümü, Turkey , BARUT, Abdulkadir Harran Üniversitesi - Siverek Meslek Yüksekokulu, Turkey
Title Of Article :
THE ANALYSIS OF RELATION BETWEEN CAPITAL MARKET AND FINANCIAL OPENNESS WITH VAR MODEL FOR TURKEY
Abstract :
With financial liberation beginning in 1980, capital market restrictions were removed and, as result of financial liberation, financial openness started. The purpose of this study is to determine the relation between financial openness rate and capital market for Turkey. In the study, covering 1998: Q1-2013: Q1 periods, VAR model were set up and Granger causality test was applied. As a result of Granger causality analysis, it was determined that there is unilateral causality from capital market to financial openness. This consequence shows that changes occured in capital markets affect financial openness.
NaturalLanguageKeyword :
Financial Openness , Stock Market , Causality Analysis
JournalTitle :
Journal Of Economics and Administrative Sciences, Ataturk University
