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Journals / Karamanoğlu Mehmetbey Üniversitesi Sosyal ve Ekonomik Araştırmalar Dergisi / 2022 / Cilt: 24 - Sayı: 43

The Relationship of Globalization and Economic Growth: An Implementation on Selected Countries

Küreselleşme ve Ekonomik Büyüme İlişkisi: Seçilmiş Ülkeler Üzerine Bir Uygulama

Tutku ÜNKARACALAR
Pages
762–784
Publication Date
2022-12-30
DOI
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AI Summary & Key Takeaways

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

Moreover, as a result of the regression analysis; apart from financial and political globalization index, a high level of positive relationship was detected between GDP and KOF globalization index.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Since the concept of globalization comprise parameters such as capital flows, technology, employment, cultural and political relations in international markets, the change in the globalization process also affects the economies of the countries.
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Key Findings & Data:Based on these effects, the relationship and direction between the economic, social and political globalization index and sub-parameters between countries and the Gross Domestic Product (GDP) variable, which is an indicator of economic growth, was analyzed using annual data for the period of 2000-2018 for 88 selected countries.
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Conclusion & Impact:Moreover, as a result of the regression analysis; apart from financial and political globalization index, a high level of positive relationship was detected between GDP and KOF globalization index.
🔬Design:Modeling & Simulation
📍Scope:2000-2018 Verileri
⚙️Variables:Küreselleşme · Küreselleşme Endeksi · Ekonomik Büyüme

Abstract

Since the concept of globalization comprise parameters such as capital flows, technology, employment, cultural and political relations in international markets, the change in the globalization process also affects the economies of the countries. Based on these effects, the relationship and direction between the economic, social and political globalization index and sub-parameters between countries and the Gross Domestic Product (GDP) variable, which is an indicator of economic growth, was analyzed using annual data for the period of 2000-2018 for 88 selected countries. In this study, Dumitrescu-Hurlin Panel Causality Test and Multiple Regression Model were used as methods. In referance to the findings obtained as a result of the analysis, a bidirectional causality relationship was detected between economic growth and economic, social, political globalization index and sub-parameters. Moreover, as a result of the regression analysis; apart from financial and political globalization index, a high level of positive relationship was detected between GDP and KOF globalization index.

Özet

Küreselleşme kavramı uluslararası piyasalarda sermaye akımları, teknoloji, istihdam, kültürel ve siyasi ilişkiler gibi parametreleri kapsadığı için küreselleşme sürecinin değişmesi de ülke ekonomilerini etkilemektedir. Bu etkilerden hareketle ülkeler arası ekonomik, sosyal ve politik küreselleşme endeksleri ve alt parametreleri ile ekonomik büyümenin göstergesi olan Gayrisafi Yurt İçi Hasıla (GSYH) değişkeni arasındaki ilişki ve yönü seçilmiş 88 ülke için 2000-2018 dönemi yıllık verileri kullanılarak analiz edilmiştir. Çalışmada yöntem olarak Dumitrescu ve Hurlin Panel Nedensellik Testi ile Çoklu Regresyon Modeli kullanılmıştır. Analiz sonucunda elde edilen bulgulara göre ekonomik büyüme ile ekonomik, sosyal, politik küreselleşme endeksleri ve alt parametreleri arasında çift yönlü nedensellik ilişkisi tespit edilmiştir. Ayrıca yapılan regresyon analizi sonucunda; GSYH ile KOF küreselleşme endeksleri arasında finansal ve politik küreselleşme endeksleri dışında yüksek düzeyde pozitif ilişki belirlenmiştir.

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Cite This Article

ÜNKARACALAR, T. (2022). The Relationship of Globalization and Economic Growth: An Implementation on Selected Countries. Karamanoğlu Mehmetbey Üniversitesi Sosyal ve Ekonomik Araştırmalar Dergisi, Cilt: 24 - Sayı: 43, 762–784. https://ajindex.com/articles/860811

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