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Journals / Doğuş Üniversitesi Dergisi / 2026 / Cilt: 24 Sayı: 1

THE RELATIONSHIP BETWEEN GLOBALIZATION AND ECONOMIC GROWTH: THE EXAMPLE OF THE EU

KÜRESELLEŞME İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: AB ÖRNEĞİ

Murat Çetin(TEKİRDAĞ NAMIK KEMAL ÜNİVERSİTESİ)0000-0002-7886-4162
Uğur Çınar(TEKİRDAĞ NAMIK KEMAL ÜNİVERSİTESİ)0000-0001-6978-6919
Pages
343–363
Publication Date
2023-01-22
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In addition, the existence of bidirectional causality between globalization and economic growth was determined.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to investigate the effect of globalization on economic growth in the member countries of the European Union.
📊
Key Findings & Data:For this reason, the growth model that includes the factors of globalization, financial development, capital, urbanization and savings for the period of 1995-2019 was used in the study.
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Conclusion & Impact:In addition, the existence of bidirectional causality between globalization and economic growth was determined.
🔬Design:Modeling & Simulation
📍Scope:2019 Verileri
⚙️Variables:Küreselleşme · Ekonomik Büyüme · PANIC

Abstract

The aim of this study is to investigate the effect of globalization on economic growth in the member countries of the European Union. For this reason, the growth model that includes the factors of globalization, financial development, capital, urbanization and savings for the period of 1995-2019 was used in the study. The stationarity levels of the variables were investigated with the PANIC unit root test and determined to be I(1). After determining the cointegration between the series, the long-term estimates of the variables were made by using the AMG, DOLS and FMOLS estimation methods. Finally, the causal relationship between the series was carried out with the Dumitrescu-Hurlin panel causality test. Empirical findings show that the globalization positively affects economic growth throughout the panel. In addition, the existence of bidirectional causality between globalization and economic growth was determined.

Özet

Bu çalışmanın amacı Avrupa Birliği’ne üye ülkelerde küreselleşmenin ekonomik büyüme üzerindeki etkisini araştırmaktır. Bu nedenle çalışmada 1995-2019 dönemine ait küreselleşme, finansal gelişme, sermaye, kentleşme ve tasarruf faktörlerinin yer aldığı büyüme modeli kullanılmıştır. Değişkenlerin durağanlık seviyeleri PANIC birim kök testi ile araştırılarak I(1) olduğu tespit edilmiştir. Seriler arasındaki eşbütünleşmenin belirlenmesi üzerine değişkenlerin uzun dönem tahminleri AMG, DOLS ve FMOLS tahmin yöntemleri ile yapılmıştır. Son olarak seriler arasındaki nedensellik ilişkisi Dumitrescu-Hurlin panel nedensellik testi ile gerçekleştirilmiştir. Ampirik bulgular panel genelinde küreselleşmenin ekonomik büyümeyi pozitif olarak etkilediği yönündedir. Ayrıca küreselleşme ile ekonomik büyüme arasında çift yönlü nedenselliğin varlığı belirlenmiştir.

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Cite This Article

Çetin, M., Çınar, U. (2023). THE RELATIONSHIP BETWEEN GLOBALIZATION AND ECONOMIC GROWTH: THE EXAMPLE OF THE EU. Doğuş Üniversitesi Dergisi, Cilt: 24 Sayı: 1, 343–363. https://doi.org/10.31671/doujournal.1180901

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