What is it about?
This study examines the main drivers of financial development, particularly the impact of industrialization, democracy, and financial openness on financial development in Turkey over the period 1975-2015.
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Why is it important?
This study explores, for the first time, the impacts of both democracy and industrialization on financial development in Turkey.
Perspectives
Understanding the key determinants of financial development is critical because it could help policymakers in Turkey to design effective policies grounded on evidence.
Prof. Dr. Selçuk Akçay
Afyon Kocatepe Universitesi
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This page is a summary of: Do industrialization, democracy, and financial openness promote financial development? Evidence from Turkey, Turkish Studies, November 2018, Taylor & Francis,
DOI: 10.1080/14683849.2018.1537752.
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