SavedAdd your journal

Journals / Finans Politik ve Ekonomik Yorumlar Dergisi / 2018 / Cilt: 55 - Sayı: 639

Globalization and Economic Growth: An Application for The Emerging Market Economies

Küreselleşme ve Ekonomik Büyüme: Yükselen Piyasa Ekonomileri İçin Bir Uygulama

ALİ ALTINER
EDA BOZKURT
YILMAZ TOKTAŞ
Pages
117–162
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

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

According to the results, it was found that the effects of the KOF globalization index and its subcomponents on economic growth were very low and varied among countries.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the effect of globalization on economic growth was examined using panel data method for Big Ten Emerging Market Economies from 1990 to 2015.
📊
Key Findings & Data:Moreover, the causality test of Emirmahmutoğlu and Köse (2011) was used to determine the causality between variables.
💡
Conclusion & Impact:According to the results, it was found that the effects of the KOF globalization index and its subcomponents on economic growth were very low and varied among countries.
🔬Design:Research Article
📍Scope:2015 Verileri
⚙️Variables:Domain Parameters

Abstract

In this study, the effect of globalization on economic growth was examined using panel data method for Big Ten Emerging Market Economies from 1990 to 2015. Within the scope of the analysis, real GDP per capita as the economic growth variable, the KOF globalization index and its subcomponents for globalization were used. Having determined the long-run relations between series by DurbinHausman cointegration test, coefficients were estimated using the panel AMG method. According to the results, it was found that the effects of the KOF globalization index and its subcomponents on economic growth were very low and varied among countries. Moreover, the causality test of Emirmahmutoğlu and Köse (2011) was used to determine the causality between variables. Unidirectional causal relationships were found from political globalization to economic growth and from economic growth to social globalization. However, no causal relationship was found between the general and economic globalization index and economic growth.

Özet

Bu çalışmada, küreselleşmenin ekonomik büyüme üzerindeki etkisi 10 büyük yükselen piyasa ekonomisi için 1990-2015 döneminde panel veri tekniği kullanılarak incelenmiştir. Analiz kapsamında, ekonomik büyüme değişkenini temsilen kişi başına düşen reel GSYH, küreselleşmeyi temsilen ise KOF küreselleşme endeksi ve alt bileşenleri kullanılmıştır. Durbin-Hausman eşbütünleşme testiyle seriler arasındaki uzun dönemli ilişkiler belirlenerek, Panel AMG yöntemiyle katsayı tahminleri yapılmıştır. Sonuçlara göre, KOF küreselleşme endeksi ve alt bileşenlerinin ekonomik büyüme üzerindeki etkisinin çok düşük ve ülkeden ülkeye farklılık gösterdiği görülmüştür. Ayrıca değişkenler arasındaki nedensel ilişkilerin belirlenmesi için Emirmahmutoğlu ve Köse (2011) nedensellik testi uygulanmıştır. Politik küreselleşmeden ekonomik büyümeye doğru ve ekonomik büyümeden sosyal küreselleşmeye doğru tek yönlü nedensellik ilişkisi olduğu belirlenmiştir. Ancak genel ve ekonomik küreselleşme endeksi ile ekonomik büyüme arasında herhangi bir nedensellik ilişkisine rastlanılamamıştır.

🔖

Cite This Article

ALTINER, A., BOZKURT, E., TOKTAŞ, Y. (2018). Globalization and Economic Growth: An Application for The Emerging Market Economies. Finans Politik ve Ekonomik Yorumlar Dergisi, Cilt: 55 - Sayı: 639, 117–162. https://ajindex.com/articles/159534

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (15)

  1. AÇIKGÖZ, Şenay ve Merter MERT; (2011), “Küreselleşme İktisadi Büyümeyi Etkiliyor mu? Türkiye Örneği”, 12. Uluslararası Ekonometri, Yöneylem Araştırması ve İstatistik Sempozyumu, ss.701-716.
  2. ADIGÜZEL, Muhittin; (2011),
  3. Küreselleşme ve Sonuçları, Nobel Yayınevi,
  4. Ankara.
  5. AFZAL, Mohammed; (2007), “The Impact of Globalization on Economic Growth of Pakistan:An Error-Corretion Modelling”, The Pakistan Development Review, 46(4), pp.723–734.
  6. AKA, Bedia; (2006), “Openness, Globalization And Economic Growth: Empirical Evidence from Cote D’Ivoire”, International Journal of Applied Econometrics and Quantitative Studies, 3-2 (2006), pp.67-86.
  7. BALIAMOUNE, Mina N.; (2002), Assessing the Impact of one Aspect of Globalization on Economic Growth in Africa, World Institute for Development Economics (UNU-WIDER), Working Paper No:200222/91. BARRY, Hadiatou; (2010), “Globalization and Economic Growth in Sub-Saharan Africa”, Gettysburg Economic Review, 4 (4), pp.42-86.
  8. BRITTAN, Leon; (1998), Globalisation vs Sovereignty? The European Response.The 1997
  9. Rede Lecture and Related Speeches, Cambridge University Press,
  10. Cambridge. BRUNNER, Allan, D.; (2003), The Long-run Effects of Trade on Income and Income Growth, Working Paper No:03/37, International Monetary Fund, Washington. CASELLI, Marco; (2008), “Measuring… What? Notes on Some Globalization Indices”, Globalizations 5(3), pp. 383–404.
  11. CHANG, Chun-Ping and Chien-Chiang LEE; (2010), “Globalization and Growth: A Political Economy Analysis for OECD Countries”, Global Economic Review, 39(2), pp.151-173.
  12. CHANG, Chun-Ping, Chien-Chiang LEE and Meng-Chi HSIEH; (2011), “Globalization, Real Output and Multiple Structural Breaks”, Global Economic Review, 40(4), pp.421- 444. CHOW, C. Gregory; (2006), “Globalization And China’s Economic Development”, Pacific Economic Review, 11(3), pp.271-285.
  13. CHU, Hsiao-Ping, Tsangyao CHANG and TAGI Sagadi-Nejad; (2016), “Globalization and Economic Growth Revisited: A Bootstrap Panel Causality Test”, Globalization and Economic Growth, 1(1), pp.30-44.
  14. ÇELİK, Yunus Mehmet ve Hüsnü ERKAN; (2010), “Küreselleşme Kalkınma İlişkisi”, Dumlupınar Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 26(2010), ss.183-196.
  15. DOĞAN, Buhari ve Muhlis, CAN; (2016), “Küreselleşmenin Büyümeye Etkisi: Güney Kore Örnekleminde Eşbütünleşme Analizi”, Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 6(2), ss. 197-220. DOĞAN Buhari; (2017), “Ekonomik Küreselleşme ve Büyüme İlişkisi: Türkiye Örneği TodaYamamoto