Financial Development and Economic Growth: Evindence From Azerbaijan-Reference-Cited by-同舟云学术

Financial Development and Economic Growth: Evindence From Azerbaijan

Published:2021-01-07 Issue: Volume:18 Page:237-252
ISSN:2224-2899
Container-title:WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS
language:en
Short-container-title:

Author:

Mammadov Ilkin¹,Ahmadov Azerbaijan Fariz¹

Affiliation:

1. Department of Economics and Business Administration Azerbaijan State University of Economics (Unec), Azerbaijan

Abstract

The impact of financial development on economic growth has always been an important issue. Especially when financial crises occur, the relationship between financial markets and financial crises and economic activities is on the agenda. The main purpose of this study is to determine the relationship between financial development and economic growth in the Azerbaijani economy. For this purpose, VECM model estimation and Granger causality analysis was performed by taking monthly data between 2005-2019. As a result of the analysis, it was revealed that there is a two-way relationship between financial development and economic growth in Azerbaijan

Publisher

World Scientific and Engineering Academy and Society (WSEAS)

Subject

Economics and Econometrics,Finance,Business and International Management

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