An Application for Classification of Developing Countries in Terms of Financial Deepening

Yıl 2019, , 291 - 314, 30.08.2019

Arzu Özmerdivanlı , Veli Akel

https://doi.org/10.17153/oguiibf.443466

Cited By: 1

Öz

Financial
deepening shows to extend to which the funds saved in the financial system are transferred
real sector and as the level of financial deepening increases countries can
develop more economically and financially. The level of financial deepening differs
in terms of developed and developing countries. Factors to be taken into consideration
in each country can be changed according to the financial, social and institutional
structures of the countries in the increase of the level of financial deepening.
The aim of the study is to determine which developing countries are different from
each other in terms of financial deepening and which have similar characteristics.
In order to achieve this aim, a cluster analysis was carried out on 17 emerging
countries with financial deepening data covering the period from 1997 to 2014.
As a result of the analysis, the countries were divided into four groups in
terms of financial deepening and the countries with similar financial deepening
were in the same cluster and the non-similar countries were in different clusters.

Anahtar Kelimeler

Financial Deepening, Principal Component Analysis, Cluster Analysis

Gelişmekte Olan Ülkelerin Finansal Derinleşme Açısından Sınıflandırılmasına İlişkin Bir Uygulama

Öz

Finansal
derinleşme finansal sistemde biriktirilen fonların reel sektöre ne ölçüde
aktarıldığını göstermekte ve finansal derinleşme düzeyi arttıkça ülkeler
finansal ve ekonomik açıdan daha fazla gelişebilmektedir. Finansal derinleşme
düzeyi gelişmiş ve gelişmekte olan ülkeler açısından farklılık göstermekte ve
finansal derinleşme düzeyinin yükseltilmesinde her bir ülkede dikkate alınacak
faktörler de ülkelerin finansal, ekonomik, politik, sosyal ve kurumsal
yapılarına göre değişebilmektedir. Çalışmanın amacı gelişmekte olan hangi
ülkelerin finansal derinleşme açısından farklı, hangilerinin benzer özellikler
gösterdiğini belirlemektir. Bu amacı gerçekleştirmek için çalışmada gelişmekte
olan 17 ülkenin 1997 – 2014 dönemini kapsayan finansal derinleşme verileriyle
kümeleme analizi yapılmıştır. Analiz sonucunda ülkeler finansal derinleşme açısından dört farklı sınıfa ayrılmış ve
finansal derinleşme açısından benzer olan ülkeler aynı kümede, benzer olmayan
ülkeler farklı kümelerde yer almışlardır.

Anahtar Kelimeler

Finansal Derinleşme, Temel Bileşenler Analizi, Kümeleme Analizi

Kaynakça

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