Abstract
Financial development is one of the concepts leading the economic growth of world countries. In order to increase financial development, countries need to have a stable financial system. In order to have an effective financial system, the functioning of banks and capital markets are very important. In this study, financial development levels of OECD countries were measured. This measurement was made by creating an index. The study covers the years 1980-2015. The purpose of this study is that developing the financial development index is to examine the financial situation of the countries and to compare the countries. Topsis method has been used to realize this aim. The financial development scores of the countries were calculated with the help of the Topsis method. As a result of the research is that the most financially developed country is Japan, and the United States and Switzerland are close to that level between 1980 and 2015
Keywords
Financial Development Financial Development Indicators Financial Developmet Index OECD Countries Topsis Method
References
- Abrishamchi, A., Ebrahimian, A., Tajrishi, M., Mariño, M. A., ve Asce, H. M. (2005, July/August). “Case Study: Application Of Multicriteria Decision Making To Urban Water Supply”, Journal of Water Resources Planning and Management, 4(131): 326-335.
- Adnan, N. (2011). “Measurement Of Financial Development: A Fresh Approach”, 8th International Conference on Islamic Economics and Finance sunulmuş bildiri, Qatar Faculty of Islamic Studies, Qatar Foundation.
- Afşar, A. (2007). “Finansal Gelişme İle Ekonomik Büyüme Arasındaki İlişki”, Muhasebe ve Finansman Dergisi, 36(Ekim): 189-198.
- Alam, A. vd. (2015). “Does Financial Development Contribute To Saarc’s Energy Demand? From Energy Crisis To Energy Reforms”, Renewable and Sustainable Energy Reviews, 41: 818-829.
- Aslan, Ö. ve Korap, L. H. (2006). “Türkiye’de Finansal Gelişme Ekonomik Büyüme İlişkisi”, Muğla Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 17(Güz): 1-20.
- Chtioui, S. (2012). “Does Economic Growth and Financial Development Spur Energy Consumption In Tunisia?”, Journal of Economics and International Finance, 4(7): 150-158.
- Federici, D. ve Caprioli, F. (2009). “Financial Development and Growth: An Empirical Analysis”, Ecocomic Modelling, 26: 285-294.
- Fitzgerald, V. (2006). “Financial Development and Economic Growth: A Critical View”, Background Paper For World Economic and Social Survey, Oxford University, http://www.un.org/en/development/desa/policy/wess/wess_bg_papers/bp_wess2006_fitzgerald.pdf (17/02/2017).
- Gümüş, F. B. ve Koç, M. (2015). “Ülkelerin Finansal Gelişmişlikleri İle Enerji Tüketimleri Arasındaki İlişki: Dört Kıta Örneği”. Süleyman Demirel Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi, 20(2): 151-164.
- Hasnaou, H. (2014). “The Nexus Between Financial Development and Energy Consumption In The High-Income OECD Members: A Dynamic Panel Data Analysis”. Professional Center for Business Research, 1(12): 28-37.
- Helhel, Y. (2016). “E7 Ülkelerinde Finansal Gelişmenin Ar-Ge Faaliyetleri Üzerindeki Etkisi”. Journal of Business Research-Türk, 8(1): 500-517.
- Krishnan, K. (2011). “Financial Development In Emerging Markets: The Indian Experience”, ADBI Working Paper Series, 276(Nisan): 1-29.
- Marcelin, I. ve Mathur, I. (2014). “Financial Development Institutions and Banks”, International Review of Financial Analysis, 31: 25-33.
- Markovic, Z. (2010). “Modification Of Topsis Method For Solving Of Multicriteria Tasks”, Yugoslav Journal of Operations Research, 20(1): 117-143.
- Mulali, U. ve Lee, J. (2013). “Estimating The Impact Of The Financial Development On Energy Consumption: Evidence From The GCC Countries”, Energy, 60: 215-221.
- Mulali, U. ve Sab, C.N. (2012). “The Impact Of Energy Consumption And CO2 Emission On The Economic And Financial Development In 19 Selected Countries”, Renewable and Sustainable Energy Reviews, 16: 4365-4369.
- Roszkowska, E. (2011). “Multiple criteria decision making” 10-11. In T. Trzaskalik & T. Wachowicz (Eds.), Multi-Criteria Decision Making Models By Applying The Topsis Method To Crisp And Interval Data (200-230). Katowice: Publisher of The University of Economics.
- Sadorsky, P. (2011). “Financial Development and Energy Consumption In Central And Eastern European Frontier Economies”, Energy Policy, 39: 999-1006.
- Sağlam, Y. ve Erataş Sönmez, F. (2017). “Finansal Gelişme ve Ekonomik Büyüme Arasındaki İlişki: Avrupa Geçiş Ekonomileri Örneği”, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 12(1): 121-140.
- World Bank (2017). http://data.worldbank.org/indicator/FS.AST.DOMS.GD.ZS?end=2015&start=1960&view=chart; http://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS?view=chart; http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?view=chart; http://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG?view=chart (01.03.2017)
- World Economic Forum (2017). “The Financial Development Report”, http://www3.weforum.org/docs/WEF_FinancialDevelopmentReport_2012.pdf (19.02.2017).
- Zeren, F. ve Koc, M. (2013). “The Nexus Between Energy Consumption and Financial Development With Asymmetric Causality Test: New Evidence From Newly Industrialized Countries”, International Journal of Energy Economics and Policy, 4(1): 83-91.
Abstract
Finansal
gelişmişlik dünya ülkelerinin ekonomik açıdan büyümelerine öncülük eden
kavramlardan biridir. Finansal gelişmişliği arttırmak için ülkelerin istikrarlı
bir finansal sisteme sahip olmaları gerekmektedir. Etkin finansal sisteme sahip
olabilmek için bankalar ve sermaye piyasalarının işleyişi oldukça önemlidir. Bu
çalışmada OECD ülkelerinin finansal gelişmişlik düzeyleri ölçülmüştür. Bu ölçüm
endeks oluşturarak yapılmıştır. Çalışma 1980-2015 yılları arasını
kapsamaktadır. Bu çalışmanın amacı; finansal gelişmişlik endeksi oluşturarak
ülkelerin finansal açıdan durumlarını incelemek ve ülkeler arası kıyas yapmaktır.
Bu amacı gerçekleştirmek için Topsis yönteminden yararlanılmıştır. Topsis
yöntemi yardımıyla ülkelerin finansal gelişmişlik skorları hesaplanmıştır.
Araştırmanın sonucunda; 1980-2015 yılları arasında finansal açıdan en gelişmiş
ülkenin Japonya olduğu, ABD ve İsviçre’nin de o seviyeye yaklaştığı
görülmektedir.
Keywords
Finansal Gelişmişlik Finansal Gelişmişlik Göstergeleri Finansal Gelişmişlik Endeksi OECD Ülkeleri Topsis Yöntemi
References
- Abrishamchi, A., Ebrahimian, A., Tajrishi, M., Mariño, M. A., ve Asce, H. M. (2005, July/August). “Case Study: Application Of Multicriteria Decision Making To Urban Water Supply”, Journal of Water Resources Planning and Management, 4(131): 326-335.
- Adnan, N. (2011). “Measurement Of Financial Development: A Fresh Approach”, 8th International Conference on Islamic Economics and Finance sunulmuş bildiri, Qatar Faculty of Islamic Studies, Qatar Foundation.
- Afşar, A. (2007). “Finansal Gelişme İle Ekonomik Büyüme Arasındaki İlişki”, Muhasebe ve Finansman Dergisi, 36(Ekim): 189-198.
- Alam, A. vd. (2015). “Does Financial Development Contribute To Saarc’s Energy Demand? From Energy Crisis To Energy Reforms”, Renewable and Sustainable Energy Reviews, 41: 818-829.
- Aslan, Ö. ve Korap, L. H. (2006). “Türkiye’de Finansal Gelişme Ekonomik Büyüme İlişkisi”, Muğla Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 17(Güz): 1-20.
- Chtioui, S. (2012). “Does Economic Growth and Financial Development Spur Energy Consumption In Tunisia?”, Journal of Economics and International Finance, 4(7): 150-158.
- Federici, D. ve Caprioli, F. (2009). “Financial Development and Growth: An Empirical Analysis”, Ecocomic Modelling, 26: 285-294.
- Fitzgerald, V. (2006). “Financial Development and Economic Growth: A Critical View”, Background Paper For World Economic and Social Survey, Oxford University, http://www.un.org/en/development/desa/policy/wess/wess_bg_papers/bp_wess2006_fitzgerald.pdf (17/02/2017).
- Gümüş, F. B. ve Koç, M. (2015). “Ülkelerin Finansal Gelişmişlikleri İle Enerji Tüketimleri Arasındaki İlişki: Dört Kıta Örneği”. Süleyman Demirel Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi, 20(2): 151-164.
- Hasnaou, H. (2014). “The Nexus Between Financial Development and Energy Consumption In The High-Income OECD Members: A Dynamic Panel Data Analysis”. Professional Center for Business Research, 1(12): 28-37.
- Helhel, Y. (2016). “E7 Ülkelerinde Finansal Gelişmenin Ar-Ge Faaliyetleri Üzerindeki Etkisi”. Journal of Business Research-Türk, 8(1): 500-517.
- Krishnan, K. (2011). “Financial Development In Emerging Markets: The Indian Experience”, ADBI Working Paper Series, 276(Nisan): 1-29.
- Marcelin, I. ve Mathur, I. (2014). “Financial Development Institutions and Banks”, International Review of Financial Analysis, 31: 25-33.
- Markovic, Z. (2010). “Modification Of Topsis Method For Solving Of Multicriteria Tasks”, Yugoslav Journal of Operations Research, 20(1): 117-143.
- Mulali, U. ve Lee, J. (2013). “Estimating The Impact Of The Financial Development On Energy Consumption: Evidence From The GCC Countries”, Energy, 60: 215-221.
- Mulali, U. ve Sab, C.N. (2012). “The Impact Of Energy Consumption And CO2 Emission On The Economic And Financial Development In 19 Selected Countries”, Renewable and Sustainable Energy Reviews, 16: 4365-4369.
- Roszkowska, E. (2011). “Multiple criteria decision making” 10-11. In T. Trzaskalik & T. Wachowicz (Eds.), Multi-Criteria Decision Making Models By Applying The Topsis Method To Crisp And Interval Data (200-230). Katowice: Publisher of The University of Economics.
- Sadorsky, P. (2011). “Financial Development and Energy Consumption In Central And Eastern European Frontier Economies”, Energy Policy, 39: 999-1006.
- Sağlam, Y. ve Erataş Sönmez, F. (2017). “Finansal Gelişme ve Ekonomik Büyüme Arasındaki İlişki: Avrupa Geçiş Ekonomileri Örneği”, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 12(1): 121-140.
- World Bank (2017). http://data.worldbank.org/indicator/FS.AST.DOMS.GD.ZS?end=2015&start=1960&view=chart; http://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS?view=chart; http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?view=chart; http://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG?view=chart (01.03.2017)
- World Economic Forum (2017). “The Financial Development Report”, http://www3.weforum.org/docs/WEF_FinancialDevelopmentReport_2012.pdf (19.02.2017).
- Zeren, F. ve Koc, M. (2013). “The Nexus Between Energy Consumption and Financial Development With Asymmetric Causality Test: New Evidence From Newly Industrialized Countries”, International Journal of Energy Economics and Policy, 4(1): 83-91.
Details
| Primary Language | Turkish |
|---|---|
| Journal Section | Articles |
| Authors | |
| Publication Date | September 30, 2018 |
| Published in Issue | Year 2018 Volume: 16 Issue: 1 |