Economic Complexity and Its Effect on Economic Growth in Turkey

Muhammed Benli

Makale detayları

Economic Complexity and Its Effect on Economic Growth in Turkey

Yazarlar:

Muhammed Benli

Yayıncı:

Dokuz Eylul University

Ana Başlıklar:

Ekonomi

Dergi:

İzmir İktisat Dergisi Vol.38 Issue 2, pp.400-429

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290089

pISSN:

1308-8505

Anahtar kelimeler:

Özet:

 With the emerging globalization process in the 1980s, countries abandoned import substitution policies and started to adopt free trade and open policies. In turn, transforming economies foreign trade structures and moving competition to a global dimension. This has increased the need for high-technology product exports, product diversity, and high skill levels of the economies over time. Thus the process has resulted in the emergence of relatively more complex economies. In this context, this study attempts to determine the effect of economic complexity on economic growth in Turkey using time series data for the period 1995  2019. For this purpose, we use an autoregressive distributed lag ARDL bounds testing approach to determine the cointegration relationships between GDP, domestic investment, total labor force, and economic complexity and to determine the effect of ECI on economic growth. Moreover, we attempt to determine simultaneous causality relationships between the aforementioned variables using directed acyclic graphs DAGs. The empirical findings confirm the positive effect of economic complexity on economic growth in Turkey as of the period examined. The results of the causality analysis indicate that there is a one-way causality relationship from economic growth to economic complexity.

 With the emerging globalization process in the 1980s, countries abandoned import substitution policies and started to adopt free trade and open policies. In turn, transforming economies foreign trade structures and moving competition to a global dimension. This has increased the need for high-technology product exports, product diversity, and high skill levels of the economies over time. Thus the process has resulted in the emergence of relatively more complex economies. In this context, this study attempts to determine the effect of economic complexity on economic growth in Turkey using time series data for the period 1995  2019. For this purpose, we use an autoregressive distributed lag ARDL bounds testing approach to determine the cointegration relationships between GDP, domestic investment, total labor force, and economic complexity and to determine the effect of ECI on economic growth. Moreover, we attempt to determine simultaneous causality relationships between the aforementioned variables using directed acyclic graphs DAGs. The empirical findings confirm the positive effect of economic complexity on economic growth in Turkey as of the period examined. The results of the causality analysis indicate that there is a one-way causality relationship from economic growth to economic complexity.

 With the emerging globalization process in the 1980s, countries abandoned import substitution policies and started to adopt free trade and open policies. In turn, transforming economies foreign trade structures and moving competition to a global dimension. This has increased the need for high-technology product exports, product diversity, and high skill levels of the economies over time. Thus the process has resulted in the emergence of relatively more complex economies. In this context, this study attempts to determine the effect of economic complexity on economic growth in Turkey using time series data for the period 1995  2019. For this purpose, we use an autoregressive distributed lag ARDL bounds testing approach to determine the cointegration relationships between GDP, domestic investment, total labor force, and economic complexity and to determine the effect of ECI on economic growth. Moreover, we attempt to determine simultaneous causality relationships between the aforementioned variables using directed acyclic graphs DAGs. The empirical findings confirm the positive effect of economic complexity on economic growth in Turkey as of the period examined. The results of the causality analysis indicate that there is a one-way causality relationship from economic growth to economic complexity.

 1980li yıllarda ortaya çıkan küreselleşme süreci ile birlikte ülkeler, ithal ikameci politikaları terk ederek serbest ticaret ve dışa açık politikaları benimsemeye başlamışlardır. Böylelikle ülke ekonomilerinin dış ticaret yapıları bir dönüşüm süreci içerisine girmiş ve rekabet, küresel boyuta taşınmıştır. Bu durum, ülke ekonomilerinin zamanla yüksek teknolojili ürün ihracatı, ürün çeşitliliği ve yüksek beceri düzeyi ihtiyaçlarının artmasına sebep olmuş ve dolayısıyla süreç, görece daha kompleks ekonomilerin ortaya çıkmasıyla sonuçlanmıştır. Bu kapsamda, mevcut çalışmada, Türkiyede ekonomik kompleksitenin ekonomik büyüme üzerindeki etkisi, 1995  2019 dönemine ilişkin zaman serisi verileri kullanılarak tespit edilmeye çalışılmıştır. Bu amaçla; GSYİH, yurt içi yatırımlar, toplam iş gücü ve ekonomik kompleksite arasındaki eşbütünleşme ilişkisi ve ekonomik kompleksitenin iktisadi büyüme üzerindeki etkisinin tespitine yönelik olarak, otoregresif gecikmesi dağıtılmış ARDL sınır testi yaklaşımına başvurulmuştur. Bahsi geçen değişkenler arasındaki eşanlı nedensellik ilişkileri ise yönlendirilmiş döngüsüz graflar DAGs aracılığıyla tespit edilmeye çalışılmıştır. Elde edilen ampirik bulgular, ekonomik kompleksitenin iktisadi büyüme üzerindeki pozitif etkisini, incelenen dönem itibarıyla Türkiye özelinde teyit etmektedir. Nedensellik analizinin sonuçlara göre ise ekonomik büyümeden ekonomik kompleksiteye doğru tek yönlü bir nedensellik ilişkisi mevcuttur.

Makale detayları

Economic Complexity and Its Effect on Economic Growth in Turkey

Yazarlar:

Muhammed Benli

Yayıncı:

Dokuz Eylul University

Ana Başlıklar:

Ekonomi

Dergi:

İzmir İktisat Dergisi Vol.38 Issue 2, pp.400-429

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290089

pISSN:

1308-8505

Economic Complexity

Economic Growth

ARDL

DAGsEkonomik Kompleksite

İktisadi Büyüme

ARDL

DAGs

Sayı

Makale detayları

Yazarlar: Muhammed Benli

Yayıncı: Dokuz Eylul University

Ana Başlıklar: Ekonomi

Dergi: İzmir İktisat Dergisi Vol.38 Issue 2, pp.400-429

Belge Tipi: Makale

Yayın Tarihi: 5/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001290089

pISSN: 1308-8505

Sayı

Yazarlar:

Muhammed Benli

Yayıncı:

Dokuz Eylul University

Ana Başlıklar:

Ekonomi

Dergi:

İzmir İktisat Dergisi Vol.38 Issue 2, pp.400-429

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290089

pISSN:

1308-8505