The Impact of Globalization with its Different Aspects on Economic Growth: The Case of Turkey
Küçük Resim Yok
Tarih
2023
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Istanbul Univ
Erişim Hakkı
info:eu-repo/semantics/closedAccess
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.
Açıklama
Anahtar Kelimeler
Globalization, Economic Growth, Turkey, ARDL Bounds Test, Oil-Price Shock, Great Crash, Tests
Kaynak
Istanbul Iktisat Dergisi-Istanbul Journal Of Economics
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
73
Sayı
1
