FINANCIAL INTEGRATION AND EXPORT ASSOCIATION OF TÜRKİYE WITH OECD COUNTRIES
Küçük Resim Yok
Tarih
2024
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Financial integration of countries is constantly increasing with their mutual trade. In other words, rising of partnership on international market ensure higher financial integration over time. Increasing of financial integration among countries also will be reason of raising the similarity and bilateral agreements of these countries. This paper shows that what countries have tendency to act together in terms of financial integration with Türkiye in the designated period. For this purpose, the stock market indexes of Belgium, France, Germany, Israel, Italy, Spain, Switzerland, and the United Kingdom those are top trading partner of Türkiye and members of the Organization for Economic Co-operation and Development (OECD) selected for this research. Gregory - Hansen (1996) cointegration test used to find the financial integration between the stock market indices of selected countries and Türkiye. The result of test method shows that the highest correlation is with Germany after Israel, and the second line is for the United Kingdom. According to result of the cointegration test, although Türkiye acts together with all selected countries, Germany stand on different point. This could explain with Germany is the major partner of Türkiye in terms of mutual trade.
Açıklama
Anahtar Kelimeler
İktisat, İşletme Finans, International Trade, Stock Market, Cointegration Test, Financial Integration
Kaynak
Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
46
Sayı
1
