Sosyoekonomi
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Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector

Year 2023, Volume: 31 Issue: 56, 47 - 84, 28.04.2023

Aynur KARAÇOBAN Ömür SALTIK Süleyman DEĞİRMEN

https://doi.org/10.17233/sosyoekonomi.2023.02.03

Abstract

The study aims to reveal the relationship between financial innovation in the banking sector and economic growth for Statistical Region Units Level-1 (12 regions) and Türkiye's 81 provinces. In the study, annual data from 2010 to 2021 was employed. The Arellano-Bond GMM first differences and Pooled Data approach were used as models. The coefficient of the variable measuring financial innovation in the banking industry was significant and positive for the regions and provinces. The findings suggest that the banking sector's innovative goods and services, led by technical advancements and globalisation, contribute positively to the economies of certain Turkish regions and provinces. These empirical validate Schumpeter's theory and ideas of endogenous growth.

Keywords

Financial Innovation, Banking Sector, Regions-Provinces, Dynamic Panel GMM Method, Pooled Data Method

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Bölgesel Ekonomik Büyüme ve Finansal İnovasyon: Türk Bankacılık Sektöründen Perspektifler

Year 2023, Volume: 31 Issue: 56, 47 - 84, 28.04.2023

Aynur KARAÇOBAN Ömür SALTIK Süleyman DEĞİRMEN

https://doi.org/10.17233/sosyoekonomi.2023.02.03

Abstract

Çalışma, İstatistiksel Bölge Birimleri Düzey-1 (12 bölge) ve Türkiye'nin 81 ili için bankacılık sektörü için finansal inovasyon ve ekonomik büyüme arasındaki ilişkiye odaklanmaktadır. Çalışmada 2010-2021 yılları arasındaki yıllık veriler kullanılmıştır. Model olarak Arellano-Bond GMM birinci farkları ve Pooled Data yöntemi uygulanmıştır. Türkiye'de bazı bölge ve iller için bankacılık sektörü finansal inovasyon değişkeni katsayısının anlamlı ve pozitif olduğu tespit edilmiştir. Sonuçlar, bankacılık sektörünün teknolojik gelişmeler ve küreselleşme öncülüğünde inovasyona dayalı ürün ve hizmetlerinin ekonomik kalkınmaya olumlu katkılar sunduğunu desteklemektedir. Bu ampirik bulgular, Schumpeter'in fikrini ve içsel büyüme teorilerini doğrulamaktadır.

Keywords

Finansal İnovasyon, Bankacılık Sektörü, Bölgeler-İller, Dinamik Panel GMM Yöntemi, Havuzlanmış Veri Yöntemi

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Details

Primary Language English
Subjects Economics
Journal Section Articles
Authors

Aynur KARAÇOBAN
MERSİN ÜNİVERSİTESİ
0000-0002-8486-6906
Türkiye

Ömür SALTIK
Konya Gıda Tarım Üniversitesi
0000-0001-8507-8971
Türkiye

Süleyman DEĞİRMEN
Konya Gıda Tarım Üniversitesi
0000-0001-8750-652X
Türkiye

Publication Date April 28, 2023
Submission Date December 28, 2021
Acceptance Date February 11, 2023
Published in Issue Year 2023 Volume: 31 Issue: 56

Cite

Bibtex @research article { sosyoekonomi1050026, journal = {Sosyoekonomi}, issn = {1305-5577}, address = {}, publisher = {Sosyoekonomi Society}, year = {2023}, volume = {31}, number = {56}, pages = {47 - 84}, doi = {10.17233/sosyoekonomi.2023.02.03}, title = {Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector}, key = {cite}, author = {Karaçoban, Aynur and Saltık, Ömür and Değirmen, Süleyman} }
APA Karaçoban, A. , Saltık, Ö. & Değirmen, S. (2023). Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector . Sosyoekonomi , 31 (56) , 47-84 . DOI: 10.17233/sosyoekonomi.2023.02.03
MLA Karaçoban, A. , Saltık, Ö. , Değirmen, S. "Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector" . Sosyoekonomi 31 (2023 ): 47-84 <https://dergipark.org.tr/en/pub/sosyoekonomi/issue/76947/1050026>
Chicago Karaçoban, A. , Saltık, Ö. , Değirmen, S. "Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector". Sosyoekonomi 31 (2023 ): 47-84
RIS TY - JOUR T1 - Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector AU - AynurKaraçoban, ÖmürSaltık, SüleymanDeğirmen Y1 - 2023 PY - 2023 N1 - doi: 10.17233/sosyoekonomi.2023.02.03 DO - 10.17233/sosyoekonomi.2023.02.03 T2 - Sosyoekonomi JF - Journal JO - JOR SP - 47 EP - 84 VL - 31 IS - 56 SN - 1305-5577- M3 - doi: 10.17233/sosyoekonomi.2023.02.03 UR - https://doi.org/10.17233/sosyoekonomi.2023.02.03 Y2 - 2023 ER -
EndNote %0 Sosyoekonomi Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector %A Aynur Karaçoban , Ömür Saltık , Süleyman Değirmen %T Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector %D 2023 %J Sosyoekonomi %P 1305-5577- %V 31 %N 56 %R doi: 10.17233/sosyoekonomi.2023.02.03 %U 10.17233/sosyoekonomi.2023.02.03
ISNAD Karaçoban, Aynur , Saltık, Ömür , Değirmen, Süleyman . "Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector". Sosyoekonomi 31 / 56 (April 2023): 47-84 . https://doi.org/10.17233/sosyoekonomi.2023.02.03
AMA Karaçoban A. , Saltık Ö. , Değirmen S. Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector. Sosyoekonomi. 2023; 31(56): 47-84.
Vancouver Karaçoban A. , Saltık Ö. , Değirmen S. Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector. Sosyoekonomi. 2023; 31(56): 47-84.
IEEE A. Karaçoban , Ö. Saltık and S. Değirmen , "Regional Economic Growth and Financial Innovation: Perspectives from the Turkish Banking Sector", Sosyoekonomi, vol. 31, no. 56, pp. 47-84, Apr. 2023, doi:10.17233/sosyoekonomi.2023.02.03
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