AI Summary & Key Takeaways
AI InsightAccording to the results obtained from the ARDL method, the models created using the annual data for the period 1991-2016 for each 2 (two) countries were cointegrated between the variables in the long run, ie the linear compositions converged to the equilibrium point.
📌 3 Key Takeaways
Abstract
The reason for selecting the scope of the study Turkey and South Korea; the development efforts of these countries of basic macro-economic indicators, from the outset despite being close to each other in terms of development in recent years, South Korea is the clear future of Turkey. In this study, it is aimed to determine and compare the effect of research and investment investments and globalization index and the relationship between real GDP per capita and these variables by ARDL approach. According to the results obtained from the ARDL method, the models created using the annual data for the period 1991-2016 for each 2 (two) countries were cointegrated between the variables in the long run, ie the linear compositions converged to the equilibrium point. All coefficients are statistically the created models for the prediction of long-term coefficients South Korea is pointless to more significantly in Turkey. For South Korea, it can be said that there is a positive relationship between real GDP per capita, research and development investments and globalization index. 1% increase in research and development investments and globalization index will lead to a 0.27% and 1.53% increase in real GDP per capita in the long run, respectively. The fact that the coefficients of error correction models are negative and the probability value is less than 0.05 indicates that the error correction coefficients are significant. According to the results of a deviation from the equilibrium occur in the future can be said South Korea could improve faster than in Turkey.
Özet
The reason for selecting the scope of the study Turkey and South Korea; the development efforts of these countries of basic macro-economic indicators, from the outset despite being close to each other in terms of development in recent years, South Korea is the clear future of Turkey. In this study, it is aimed to determine and compare the effect of research and investment investments and globalization index and the relationship between real GDP per capita and these variables by ARDL approach. According to the results obtained from the ARDL method, the models created using the annual data for the period 1991-2016 for each 2 (two) countries were cointegrated between the variables in the long run, ie the linear compositions converged to the equilibrium point. All coefficients are statistically the created models for the prediction of long-term coefficients South Korea is pointless to more significantly in Turkey. For South Korea, it can be said that there is a positive relationship between real GDP per capita, research and development investments and globalization index. 1% increase in research and development investments and globalization index will lead to a 0.27% and 1.53% increase in real GDP per capita in the long run, respectively. The fact that the coefficients of error correction models are negative and the probability value is less than 0.05 indicates that the error correction coefficients are significant. According to the results of a deviation from the equilibrium occur in the future can be said South Korea could improve faster than in Turkey.