The Impact of Globalization with its Different Aspects on Economic Growth: The Case of Turkey

Hamza Çeştepe; Havanur Ergün Tatar; Serdar Erdogan

Makale detayları

The Impact of Globalization with its Different Aspects on Economic Growth: The Case of Turkey

Yazarlar:

Hamza Çeştepe | Havanur Ergün Tatar | Serdar Erdogan

Yayıncı:

Istanbul University

Ana Başlıklar:

İşletme

Dergi:

İstanbul İktisat Dergisi Vol.73 Issue 2, pp.717-743

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001311618

pISSN:

2602-4152

Anahtar kelimeler:

Özet:

 As a multi-dimensional concept that affects many other factors, globalization has a profound impact on the economy as well. It is possible to argue that developing countries are more affected by globalization than others. In this study, the impact of globalization on the various aspects of economic growth is analyzed empirically for Turkey, a developing country. The ARDL Bounds Test was applied as an econometric methodology, using the dataset period between 1970-2018 for Turkey. This study used economic, social, political, and overall globalization indices to measure globalization. The results show that social, economic, and political globalization affect economic growth positively, whereas the overall globalization index affects it negatively in the long run. The ARDL Bounds Test results show that the utilized variables in the study are co-integrated in the long run. In fact, there is an economic relationship between the variables. JEL Classification : F43 , F62 , O47.

 As a multi-dimensional concept that affects many other factors, globalization has a profound impact on the economy as well. It is possible to argue that developing countries are more affected by globalization than others. In this study, the impact of globalization on the various aspects of economic growth is analyzed empirically for Turkey, a developing country. The ARDL Bounds Test was applied as an econometric methodology, using the dataset period between 1970-2018 for Turkey. This study used economic, social, political, and overall globalization indices to measure globalization. The results show that social, economic, and political globalization affect economic growth positively, whereas the overall globalization index affects it negatively in the long run. The ARDL Bounds Test results show that the utilized variables in the study are co-integrated in the long run. In fact, there is an economic relationship between the variables. JEL Classification : F43 , F62 , O47.

 As a multi-dimensional concept that affects many other factors, globalization has a profound impact on the economy as well. It is possible to argue that developing countries are more affected by globalization than others. In this study, the impact of globalization on the various aspects of economic growth is analyzed empirically for Turkey, a developing country. The ARDL Bounds Test was applied as an econometric methodology, using the dataset period between 1970-2018 for Turkey. This study used economic, social, political, and overall globalization indices to measure globalization. The results show that social, economic, and political globalization affect economic growth positively, whereas the overall globalization index affects it negatively in the long run. The ARDL Bounds Test results show that the utilized variables in the study are co-integrated in the long run. In fact, there is an economic relationship between the variables. JEL Classification : F43 , F62 , O47.

 As a multi-dimensional concept that affects many other factors, globalization has a profound impact on the economy as well. It is possible to argue that developing countries are more affected by globalization than others. In this study, the impact of globalization on the various aspects of economic growth is analyzed empirically for Turkey, a developing country. The ARDL Bounds Test was applied as an econometric methodology, using the dataset period between 1970-2018 for Turkey. This study used economic, social, political, and overall globalization indices to measure globalization. The results show that social, economic, and political globalization affect economic growth positively, whereas the overall globalization index affects it negatively in the long run. The ARDL Bounds Test results show that the utilized variables in the study are co-integrated in the long run. In fact, there is an economic relationship between the variables. JEL Classification : F43 , F62 , O47.

Makale detayları

The Impact of Globalization with its Different Aspects on Economic Growth: The Case of Turkey

Yazarlar:

Hamza Çeştepe | Havanur Ergün Tatar | Serdar Erdogan

Yayıncı:

Istanbul University

Ana Başlıklar:

İşletme

Dergi:

İstanbul İktisat Dergisi Vol.73 Issue 2, pp.717-743

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001311618

pISSN:

2602-4152

Globalization

Economic growth

Turkey

ARDL bounds test

Sayı

Makale detayları

The Impact of Globalization with its Different Aspects on Economic Growth: The Case of Turkey

Yazarlar: Hamza Çeştepe | Havanur Ergün Tatar | Serdar Erdogan

Yayıncı: Istanbul University

Ana Başlıklar: İşletme

Dergi: İstanbul İktisat Dergisi Vol.73 Issue 2, pp.717-743

Belge Tipi: Makale

Yayın Tarihi: 12/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001311618

pISSN: 2602-4152

Globalization

Economic growth

Turkey

ARDL bounds test

Sayı

Yazarlar:

Hamza Çeştepe | Havanur Ergün Tatar | Serdar Erdogan

Yayıncı:

Istanbul University

Ana Başlıklar:

İşletme

Dergi:

İstanbul İktisat Dergisi Vol.73 Issue 2, pp.717-743

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001311618

pISSN:

2602-4152