Does Islamic Finance Development Support Economic Growth? (A New Overlook)

dc.contributor.authorEmec, Abdulkadir Sezai
dc.contributor.authorKaplan, Fatih
dc.contributor.authorYalcinkaya, Omer
dc.date.accessioned2025-03-17T12:22:53Z
dc.date.available2025-03-17T12:22:53Z
dc.date.issued2024
dc.departmentTarsus Üniversitesi
dc.description.abstractIn the study, the relationship between the development of Islamic finance and economic growth in 40 countries where the share of the value of Islamic finance assets in total financial assets is determined to be the highest in the world is examined. Econometric models, which are defined based on the extension of the Cobb-Douglas production function, are analyzed from 2012 to 2018 within the scope of panel data methodology that takes into account cross-section dependence. According to the results of the analysis made on two different models in which the total market value of Islamic finance assets is measured as flow and stock variables: Islamic finance development affects economic growth in a positive and statistically significant way in the 40 countries that make up the sample. This result reveals that there may be practices for the development of Islamic financial markets among the policies that countries can follow to achieve stable and sustainable economic growth. © Author(s).
dc.identifier.doi10.22059/ier.2024.347404.1007519
dc.identifier.endpage840
dc.identifier.issn1026-6542
dc.identifier.issue3
dc.identifier.scopus2-s2.0-85209178576
dc.identifier.scopusqualityQ4
dc.identifier.startpage815
dc.identifier.urihttps://doi.org/10.22059/ier.2024.347404.1007519
dc.identifier.urihttps://hdl.handle.net/20.500.13099/1451
dc.identifier.volume28
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherUniversity of Teheran
dc.relation.ispartofIranian Economic Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_Scopus_20250316
dc.subjectCobb-Douglas Production Function
dc.subjectEconomic Growth
dc.subjectIslamic Finance
dc.subjectIslamic Finance Indices
dc.subjectPanel Data Analysis
dc.titleDoes Islamic Finance Development Support Economic Growth? (A New Overlook)
dc.typeArticle

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