Political Economy of Financialization and Its Measuring Indicators of Financialization in OECD Countries is popular PDF and ePub book, written by Abdilcelil Koç in 2024-07-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Political Economy of Financialization and Its Measuring Indicators of Financialization in OECD Countries can be Read Online from any device for your convenience.
Political Economy of Financialization and Its Measuring Indicators of Financialization in OECD Countries Book PDF Summary
In the history of capitalism, there is a consensus in the literature that the 1980swas a turning point. According to many heterodox social scientists, the criticaldevelopment that provides this turning point is that capitalism has enteredthe financialization process. This period that started after 1980 is called‘Financialized capitalism.’ This period’s most important characteristic featureis that the capital accumulation mechanism shifted gravity from the industrialsector to the financial field. In the heterodox political economy, much literatureon financialization has emerged over the past fifteen years. However, it stilldoes not have a single definition agreed upon. Unfortunately, a compositefinancialization index measuring the level of multi-dimensional financializationfor different countries has not yet been found in the literature. In this book,first of all, the financialization literature of Neo-Marxist and Post-Keynesianpolitical economy approaches has been scanned, and four dimensions offinancialization have been determined. These are the financialization of thenational economy, the financial sector, non-financial firms, and households. Inthis context, to measure financialization, a panel data set covering 22 variablesthat can represent the four dimensions of financialization, OECD countries,and the period between 1995-2018 was created. The OECD averages of eachvariable were found through this data set, and their long-term developmentswere analyzed. In addition, the behavior of each variable before, during, andafter the 2008 Global Crisis caused by financialization was also evaluated.As a result of the analyzes made, it has been seen that these variables aresuitable for the creation of a composite financialization index. Our greatestwish is that this book will be helpful to students in fields such as economics,political science, international relations, sociology, and researchers who aimto measure financialization.
Detail Book of Political Economy of Financialization and Its Measuring Indicators of Financialization in OECD Countries PDF
- Author : Abdilcelil Koç
- Release : 03 July 2024
- Publisher : IJOPEC PUBLICATION
- ISBN : 9781913809225
- Genre : Business & Economics
- Total Page : 120 pages
- Language : English
- PDF File Size : 15,6 Mb
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