A Time Series Analysis of the Determinants of Globalization in the Chinese Economy

Süreyya Bakkal

doi:10.54821/uiecd.1789052

EN TR

A Time Series Analysis of the Determinants of Globalization in the Chinese Economy

Abstract

The Chinese economy has undergone significant structural transformations in the past decade. By opening up the economy and attracting foreign capital investments, China has gained substantial momentum in recent years. Undoubtedly, globalization has played a crucial role in this success. This study empirically analyzes the dynamics of globalization in the Chinese economy over the period of 1990-2021. It examines the impact of financial development, ICT, fiscal policy, and trade openness on globalization. The study utilizes the ADF and PP tests for unit root analysis, and the ARDL bounds test is applied to evaluate cointegration. Long-term estimates are derived using the DOLS estimator. The study identifies a cointegration relationship among the series, providing evidence that financial development, ICT, fiscal policy, and trade openness positively affect and enhance globalization. Policy recommendations can be made for Chinese policymakers to further strengthen globalization.

Keywords

Çin Ekonomisinde Küreselleşmenin Belirleyicilerinin Zaman Serisi Analizi

Abstract

Çin ekonomisi son on yılda önemli yapısal dönüşümler geçirmiştir. Ekonominin dışa açılması ve yabancı sermaye yatırımlarının çekilmesi sayesinde Çin, son yıllarda kayda değer bir ivme kazanmıştır. Şüphesiz bu başarıda küreselleşme kritik bir rol oynamıştır. Bu çalışma, 1990-2021 dönemi kapsamında Çin ekonomisinde küreselleşmenin dinamiklerini ampirik olarak incelemektedir. Çalışmada finansal gelişmenin, bilgi ve iletişim teknolojilerinin (BİT), maliye politikasının ve dışa açıklığın küreselleşme üzerindeki etkileri araştırılmaktadır. Birim kök analizi için ADF ve PP testleri, eşbütünleşmenin sınanması için ise ARDL sınır testi kullanılmıştır. Uzun dönem tahminleri DOLS tahmincisi aracılığıyla elde edilmiştir. Çalışma, seriler arasında bir eşbütünleşme ilişkisi tespit ederek finansal gelişmenin, BİT’in, maliye politikasının ve dışa açıklığın küreselleşmeyi olumlu yönde etkilediğini ve güçlendirdiğini ortaya koymaktadır. Bulgular doğrultusunda Çinli politika yapıcılara küreselleşmeyi daha da güçlendirmeye yönelik politika önerilerinde bulunulabilir.

Keywords

References

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Details

Primary Language

English

Subjects

Econometrics Theory, Applied Macroeconometrics, Time-Series Analysis

Journal Section

Research Article

Authors

Süreyya Bakkal ^*
0000-0001-9226-2320
Türkiye

Publication Date

December 30, 2025

Submission Date

September 22, 2025

Acceptance Date

December 29, 2025

Published in Issue

Year 2025 Volume: 7 Number: 4

DOI

https://doi.org/10.54821/uiecd.1789052

IZ

https://izlik.org/JA98WN64PT

Cite

RIS / Bibtex

APA

Bakkal, S. (2025). A Time Series Analysis of the Determinants of Globalization in the Chinese Economy. International Journal of Business and Economic Studies, 7(4), 243-257. https://doi.org/10.54821/uiecd.1789052

AMA

1.Bakkal S. A Time Series Analysis of the Determinants of Globalization in the Chinese Economy. BES JOURNAL. 2025;7(4):243-257. doi:10.54821/uiecd.1789052

Chicago

Bakkal, Süreyya. 2025. “A Time Series Analysis of the Determinants of Globalization in the Chinese Economy”. International Journal of Business and Economic Studies 7 (4): 243-57. https://doi.org/10.54821/uiecd.1789052.

EndNote

Bakkal S (December 1, 2025) A Time Series Analysis of the Determinants of Globalization in the Chinese Economy. International Journal of Business and Economic Studies 7 4 243–257.

IEEE

[1]S. Bakkal, “A Time Series Analysis of the Determinants of Globalization in the Chinese Economy”, BES JOURNAL, vol. 7, no. 4, pp. 243–257, Dec. 2025, doi: 10.54821/uiecd.1789052.

ISNAD

Bakkal, Süreyya. “A Time Series Analysis of the Determinants of Globalization in the Chinese Economy”. International Journal of Business and Economic Studies 7/4 (December 1, 2025): 243-257. https://doi.org/10.54821/uiecd.1789052.

JAMA

1.Bakkal S. A Time Series Analysis of the Determinants of Globalization in the Chinese Economy. BES JOURNAL. 2025;7:243–257.

MLA

Bakkal, Süreyya. “A Time Series Analysis of the Determinants of Globalization in the Chinese Economy”. International Journal of Business and Economic Studies, vol. 7, no. 4, Dec. 2025, pp. 243-57, doi:10.54821/uiecd.1789052.

Vancouver

1.Süreyya Bakkal. A Time Series Analysis of the Determinants of Globalization in the Chinese Economy. BES JOURNAL. 2025 Dec. 1;7(4):243-57. doi:10.54821/uiecd.1789052