Research Article

Relationship between Global Competition and Growth in Developing Countries

Volume: 2 Number: 2 December 30, 2021
TR EN

Relationship between Global Competition and Growth in Developing Countries

Abstract

With globalization, a phenomenon of competition has emerged throughout the world and countries have faced intense competition in order to achieve economic growth. The network of relations that developed over time has become a concept that covers not only economic, but also social, cultural and political areas of this concept and expresses a transformation in time and space beyond the economic dependence of the countries of the world. It is an important goal for countries to bring the economy to competitive conditions and to deal with global risks with a prudent and rational approach. Therefore, countries that want to maintain their position in the global arena must be ahead of their competitors. This target will only be possible with high competitive power. From this point of view, the aim of the study is to reveal the effect of the global competitiveness index on growth for the developing countries for the 2009-2020 period with panel cointegration analysis. As a result of the cointegration test of Westerlund and Edgerton (2007), it was determined that the series are related in the long run. It is concluded that a 1% increase in the global competitiveness index variable in the long run will lead to a 7.3% increase in the GDP variable. As can be seen, growth is positively affected as competition increases. In addition, as a result of the Boostrap Granger Causality Analysis, bi-directional causality was determined for growth and global competitiveness index.

Keywords

References

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Details

Primary Language

English

Subjects

Growth

Journal Section

Research Article

Publication Date

December 30, 2021

Submission Date

September 4, 2021

Acceptance Date

September 17, 2021

Published in Issue

Year 2021 Volume: 2 Number: 2

APA
Sart, G. (2021). Relationship between Global Competition and Growth in Developing Countries. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ, 2(2), 69-76. https://izlik.org/JA65WG43DT
AMA
1.Sart G. Relationship between Global Competition and Growth in Developing Countries. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ. 2021;2(2):69-76. https://izlik.org/JA65WG43DT
Chicago
Sart, Gamze. 2021. “Relationship Between Global Competition and Growth in Developing Countries”. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ 2 (2): 69-76. https://izlik.org/JA65WG43DT.
EndNote
Sart G (December 1, 2021) Relationship between Global Competition and Growth in Developing Countries. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ 2 2 69–76.
IEEE
[1]G. Sart, “Relationship between Global Competition and Growth in Developing Countries”, BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ, vol. 2, no. 2, pp. 69–76, Dec. 2021, [Online]. Available: https://izlik.org/JA65WG43DT
ISNAD
Sart, Gamze. “Relationship Between Global Competition and Growth in Developing Countries”. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ 2/2 (December 1, 2021): 69-76. https://izlik.org/JA65WG43DT.
JAMA
1.Sart G. Relationship between Global Competition and Growth in Developing Countries. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ. 2021;2:69–76.
MLA
Sart, Gamze. “Relationship Between Global Competition and Growth in Developing Countries”. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ, vol. 2, no. 2, Dec. 2021, pp. 69-76, https://izlik.org/JA65WG43DT.
Vancouver
1.Gamze Sart. Relationship between Global Competition and Growth in Developing Countries. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ [Internet]. 2021 Dec. 1;2(2):69-76. Available from: https://izlik.org/JA65WG43DT