Kar, MuhsinAğır, HüseyinPeker, Osman2019-06-262019-06-262009Kar, M. Ağır, H. Peker, O. (2009). Fınancıal development and poverty reductıon ın turkey. 1-23 ss.https://hdl.handle.net/11616/12082The relationship between financial development and economic growth has been one of the hotly debated issues whether the financial sector actually contributes to the real sector in the process of economic development among economists. To test the causal relationship between financial development and economic growth, the empirical studies has mainly concentrated on the causality issue between the concerned variables. In fact, the empirical researches, also for Turkey, reveal that there is no universal consensus on the causal relationship between financial development and economic growth. However, the causal relationship between financial development and poverty reduction has been neglected for Turkey. This study, therefore, tries to empirically investigate the causal relationship between financial development, economic growth and poverty reduction in Turkey - using a trivariate framework by utilizing the developments in the time series econometrics for the period 1970-2007. The finding indicates that while financial development causes economic growth and economic growth induces poverty reduction, the direct link from financial development to poverty reduction is very limited in the short-run.enginfo:eu-repo/semantics/openAccessFinancial developmentpoverty reductioncointegrationcausalityTurkeyBook Chapter00123