Ikonomika : Jurnal Ekonomi dan Bisnis Islam
Vol 2 No 1 (2017)

Does Islamic Banking Contribute to Economic Growth and Industrial Development in Turkey?

Yüksel, Serhat (Unknown)
Canöz, İsmail (Unknown)

Article Info

Publish Date
21 May 2017

Abstract

This paper aims to identify the effects of Islamic banking on economic growth and industrial development in Turkey. For this purpose, quarterly data for the periods between 2005 and 2016 were taken into the consideration. Additionally, VAR Granger causality analysis was used in this study. It was concluded that Islamic banks’ loans do not have a significant effect on the improvement of economy and industry in Turkey. The main reason for this result is that Islamic banking has a very low percentage in Turkish banking sector. Thus, it can be said that Islamic banking in Turkey should be so developed that it can contribute to GDP growth and industrial development.

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Journal Info
Ikonomika : Jurnal Ekonomi dan Bisnis Islam
Website

Abbrev

IKONOMIKA

Publisher

Universitas Islam Negeri Raden Intan Lampung

Subject

Economics, Econometrics & Finance

Description

IKONOMIKA: focused on primary studies: Islamic management, Islamic finance, Islamic Accounting, Islamic banks, and halal markets, has initiated the development of global economic advantages. Islamic based economics could not be seen as independent variable standing on side-by-side with conventional ...