THE RELATIONSHIP BETWEEN ECONOMIC COMPLEXITY AND ECONOMIC GROWTH: PANEL BOOTSTRAP GRANGER CAUSALITY ANALYSIS

Abstract

The aim of this study, 10 of the Newly Industrialized Countries China, India, Thailand, Malaysia, the Philippines, Turkey, South Africa, Brazil, Mexico, Indonesia is to analyzed the relationship between economic growth and economic complexity. The period 1960-2016 was considered in the study. The developed by Hidalgo and Hausmann 2009 The Economic Complexity Index and Real GDP data were used in the analysis to determine whether the countries have a qualified export structure. The causality relationship between the variables was analyzed by using Konya 2006 causality test. According to the results of Konya 2006 panel causality analysis is the only one way, from the economic complexity to economic growth for Mexico, Malaysia and South Africa and two way for only China. On the other hand, in panel was obtained only one-way causality relationship from economic complexity to economic growth

Keywords

• Economic Growth,Economic Complexity,NICs,Panel Causality

EKONOMİK KARMAŞIKLIK İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: PANEL BOOTSTRAP GRANGER NEDENSELLİK ANALİZİ

Öz

Çalışmanın amacı, 10 Yeni Sanayileşen Ülkede Çin, Hindistan, Tayland, Malezya, Filipinler, Türkiye, Güney Afrika, Brezilya, Meksika, Endonezya ekonomik karmaşıklık ile ekonomik büyüme arasındaki ilişkiyi analiz etmektir. Çalışmada 1970-2016 dönemi ele alınmıştır. Ülkelerin nitelikli bir ihracat yapısına sahip olup olmadığını tespit etmek amacıyla Hidalgo ve Hausmann 2009 tarafından geliştirilen Ekonomik karmaşıklık Endeksi ve Reel GSYH verileri analizde kullanılmıştır. Değişkenler arasındaki nedensellik ilişkisi Konya 2006 nedensellik testi kullanılarak analiz edilmiştir. Konya 2006 panel nedensellik analizi sonucuna göre Meksika, Malezya ve Güney Afrika için ekonomik karmaşıklıktan ekonomik büyümeye tek yönlü ve sadece Çin için çift yönlü nedensellik ilişkisi tespit edilmiştir. Panel genelinde ise sadece ekonomik karmaşıklıktan ekonomik büyümeye tek yönlü nedensellik ilişkisi olduğu bulgusu elde edilmiştir.

Anahtar Kelimeler

• Ekonomik Büyüme,Ekonomik Karmaşıklık,NICs,Panel Nedensellik

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