Analysis of the Relationship Between Foreign Trade and Economic Growth in D-8 Countries

Gamze Taştemel; İsmail Balkan

Makale detayları

Analysis of the Relationship Between Foreign Trade and Economic Growth in D-8 Countries

Yazarlar:

Gamze Taştemel | İsmail Balkan

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme | Uluslararası İktisat (Diğer)

Dergi:

Fiscaoeconomia Vol.8 Issue 1, pp.169-188

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001310676

pISSN:

2564-7504

Anahtar kelimeler:

Özet:

 Economic growth is one of the priority factors for all economies. Identifying the sources of economic growth and developing policies in this concept are of great importance for the welfare of a countrys citizens. There are many variables that affect economic growth, and foreign trade is among them. With the acceleration of the globalization process, the impact of foreign trade on economic growth has become an intensively researched and important agenda item. The main purpose of the study is to examine the economic growth and foreign trade relations of the D-8 Economic Cooperation Organization member countries. No research has been found in the literature examining the relationship between economic growth and foreign trade of D-8 countries. The study is original in this aspect. Within the scope of the study, cross-section dependence test, cointegration test, panel unit root test, Panel VECM Granger Causality Test, and Panel FMOLS as regression analysis were applied. Within the scope of the long-term relationship, a strong Granger causality relationship was determined from growth to both imports and exports, a strong Granger causality relationship from imports to growth, and a weak Granger causality relationship from exports to growth. Within the scope of the short-term relationship, it has been determined that the Granger causality relationship between both growth and imports and growth and exports is bidirectional.

 Economic growth is one of the priority factors for all economies. Identifying the sources of economic growth and developing policies in this concept are of great importance for the welfare of a countrys citizens. There are many variables that affect economic growth, and foreign trade is among them. With the acceleration of the globalization process, the impact of foreign trade on economic growth has become an intensively researched and important agenda item. The main purpose of the study is to examine the economic growth and foreign trade relations of the D-8 Economic Cooperation Organization member countries. No research has been found in the literature examining the relationship between economic growth and foreign trade of D-8 countries. The study is original in this aspect. Within the scope of the study, cross-section dependence test, cointegration test, panel unit root test, Panel VECM Granger Causality Test, and Panel FMOLS as regression analysis were applied. Within the scope of the long-term relationship, a strong Granger causality relationship was determined from growth to both imports and exports, a strong Granger causality relationship from imports to growth, and a weak Granger causality relationship from exports to growth. Within the scope of the short-term relationship, it has been determined that the Granger causality relationship between both growth and imports and growth and exports is bidirectional.

 Economic growth is one of the priority factors for all economies. Identifying the sources of economic growth and developing policies in this concept are of great importance for the welfare of a countrys citizens. There are many variables that affect economic growth, and foreign trade is among them. With the acceleration of the globalization process, the impact of foreign trade on economic growth has become an intensively researched and important agenda item. The main purpose of the study is to examine the economic growth and foreign trade relations of the D-8 Economic Cooperation Organization member countries. No research has been found in the literature examining the relationship between economic growth and foreign trade of D-8 countries. The study is original in this aspect. Within the scope of the study, cross-section dependence test, cointegration test, panel unit root test, Panel VECM Granger Causality Test, and Panel FMOLS as regression analysis were applied. Within the scope of the long-term relationship, a strong Granger causality relationship was determined from growth to both imports and exports, a strong Granger causality relationship from imports to growth, and a weak Granger causality relationship from exports to growth. Within the scope of the short-term relationship, it has been determined that the Granger causality relationship between both growth and imports and growth and exports is bidirectional.

 Ekonomik büyüme tüm ekonomiler için öncelikli faktörlerden biridir. Ekonomik büyümenin kaynaklarının tanımlanması ve bu doğrultuda politikaların geliştirilmesi, bir ülkenin vatandaşlarının refahı için büyük önem taşımaktadır. Ekonomik büyümeyi etkileyen birçok değişken bulunmakta olup, bunların arasında dış ticaret de yer almaktadır. Küreselleşme sürecinin hızlanmasıyla birlikte, ekonomik büyüme üzerinde dış ticaretin etkisi, yoğun bir şekilde araştırılan önemli bir gündem maddesi haline gelmiştir. Çalışmada temel amaç D-8 Ekonomik İşbirliği Teşkilatı üye ülkelerinin ekonomik büyüme ve dış ticaret ilişkisinin incelenmesidir. Literatürde D-8 ülkelerinin ekonomik büyüme ve dış ticaret ilişkisini inceleyen bir araştırmaya rastlanmamıştır. Çalışma bu yönüyle özgünlük taşımaktadır. Çalışma kapsamında yatay kesit bağımlılığı testi, eşbütünleşme testi, panel birim kök testi, Panel VECM Granger Nedensellik Testi ve regresyon analizi olarak Panel FMOLS uygulanmıştır. Uzun dönem ilişki kapsamında büyümeden hem ithalata hem de ihracata güçlü bir Granger nedensellik, ithalattan büyümeye güçlü bir Granger nedensellik, ihracattan büyümeye ise zayıf bir Granger nedensellik ilişkisi belirlenmiştir. Kısa dönem ilişki kapsamında ise hem büyüme ile ithalat hem de büyüme ile ihracat arasındaki Granger nedensellik ilişkisinin çift yönlü olduğu tespit edilmiştir.

Makale detayları

Analysis of the Relationship Between Foreign Trade and Economic Growth in D-8 Countries

Yazarlar:

Gamze Taştemel | İsmail Balkan

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme | Uluslararası İktisat (Diğer)

Dergi:

Fiscaoeconomia Vol.8 Issue 1, pp.169-188

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001310676

pISSN:

2564-7504

Foreign Trade

Economic Growth

D-8 CountriesDış Ticaret

Ekonomik Büyüme

D-8 Ülkeleri

Sayı

Makale detayları

Analysis of the Relationship Between Foreign Trade and Economic Growth in D-8 Countries

Yazarlar: Gamze Taştemel | İsmail Balkan

Yayıncı: Ahmet Arif EREN

Ana Başlıklar: Büyüme | Uluslararası İktisat (Diğer)

Dergi: Fiscaoeconomia Vol.8 Issue 1, pp.169-188

Belge Tipi: Makale

Yayın Tarihi: 1/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001310676

pISSN: 2564-7504

Foreign Trade

Economic Growth

D-8 CountriesDış Ticaret

Ekonomik Büyüme

D-8 Ülkeleri

Sayı

Yazarlar:

Gamze Taştemel | İsmail Balkan

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme | Uluslararası İktisat (Diğer)

Dergi:

Fiscaoeconomia Vol.8 Issue 1, pp.169-188

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001310676

pISSN:

2564-7504