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The Impact of Globalization on Economic Growth: Empirical Evidence from the Turkey

Author

Listed:
  • Zerrin K l carslan

    (Erciyes University, Kayseri Vocational of College, Kayseri, Turkey,)

  • Yasemin Dumrul

    (Erciyes University, Develi H seyin ahin Vocational of College, Kayseri, Turkey)

Abstract

This article examines the impact of globalization on economic growth in Turkey covering the period from 1980 to 2015 using the globalization index and its components (economic, social and political globalization indices). For these sub-indices, the analyzes were repeated by making a distinction between de facto and de jure . According to the KOF overall globalization index, the result of the FMOLS co-integration test showed that economic growth increase "economic" and "social" globalization in Turkey. When KOF de facto and KOF de jure are separated, the effect of economic globalization on economic growth is negative and statistically insignificant. According to KOF de facto globalization index, social globalization increases economic growth, while in an analysis using the KOF de jure globalization index, social globalization reduces economic growth. Besides, political globalization negatively affects economic growth for all KOF globalization indices that are included in the analysis.

Suggested Citation

  • Zerrin K l carslan & Yasemin Dumrul, 2018. "The Impact of Globalization on Economic Growth: Empirical Evidence from the Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 8(5), pages 115-123.
    • Handle: RePEc:eco:journ1:2018-05-17
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    Cited by:

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    3. Oladunjoye, Opeyemi Nathaniel & Areyemi, Victor Olaife, 2021. "Tourism, Globalization and Economic Growth in Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 9(2), April.
    4. Huynh Thi Dieu Linh & Truong Ngoc Linh, 2023. "Impacts of globalisation on economic growth in Europe Union countries," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 13(1), pages 87-102.
    5. Hamza CESTEPE & Havanur Ergun Tatar & Serdar Erdogan, 2023. "The Impact of Globalization with its Different Aspects on Economic Growth: The Case of Turkey," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 73(73-2), pages 717-743, December.
    6. Marija & Milan Kostiæ, 2020. "Globalization and economic growth of Eurozone economies," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 38(1), pages 183-214.

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    More about this item

    Keywords

    KOF globalization index; globalization; economic growth;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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