Informational Globalization as a Moderator Between Economic Globalization and Growth in BRICS

Year 2026, Volume: 15 Issue: 1 , 237 - 261 , 31.03.2026

Melike Çetin

https://doi.org/10.15869/itobiad.1746632

https://izlik.org/JA85WE45YW

Abstract

This study investigates the impact of economic globalization on economic growth and examines the moderating role of informational globalization within this relationship, using the BRICS countries (Brazil, Russia, India, China, and South Africa) as a case study. In today's increasingly digitalized world, the international flow of information and the development of digital infrastructure have become critical determinants of economic performance, particularly in emerging economies. The ability to access, process, and effectively utilize information now plays a strategic role in driving competitiveness and sustainable economic growth. The research employs a comprehensive panel dataset covering the period from 1995 to 2022. To address potential endogeneity and unobserved heterogeneity issues, the empirical analysis utilizes the Panel-Corrected Standard Errors (PCSE) method. This approach accounts for contemporaneous correlation and heteroskedasticity across cross-sectional units, ensuring more robust statistical inference. Westerlund ECM cointegration tests confirm the existence of long-term equilibrium relationships among the key variables.  The findings reveal that economic globalization has a significant and positive effect on economic growth across BRICS economies. More importantly, informational globalization meaningfully strengthens this positive relationship, acting as a crucial moderator. In other words, as informational globalization increases, the growth-enhancing impact of economic globalization becomes more pronounced and stable. The interaction effect demonstrates that countries with better digital infrastructure and information access can more effectively leverage the benefits of economic integration. Control variables including capital accumulation, labor force participation, human capital, and political stability are found to exert statistically significant and consistent effects on growth. The results underscore the importance of enhancing digital capacity and expanding informational infrastructure as integral components of sustainable growth strategies and highlights that integrating informational globalization into broader development and globalization policies is essential for maximizing long-term economic benefits and achieving inclusive growth in the digital age.

Keywords

Informational Globalization , Economic Globalization , Growth , Panel-Corrected Standard Errors (PCSE) method , BRICS Countries

Ekonomik Küreselleşme ile Büyüme Arasında Bilgi Küreselleşmesinin Düzenleyici Rolü: BRICS Ülkeleri Örneği

https://izlik.org/JA85WE45YW

Abstract

Bu çalışma, ekonomik küreselleşmenin ekonomik büyüme üzerindeki etkisini araştırmakta ve bu ilişki içerisinde bilgi küreselleşmesinin düzenleyici rolünü BRICS ülkeleri (Brezilya, Rusya, Hindistan, Çin ve Güney Afrika) örneği üzerinden incelemektedir. Günümüzün giderek dijitalleşen dünyasında, bilginin uluslararası dolaşımı ve dijital altyapının gelişimi, özellikle gelişmekte olan ekonomilerde ekonomik performansın kritik belirleyicileri haline gelmiştir. Bilgiye erişim, işleme ve etkin kullanma yeteneği artık rekabet gücü ve sürdürülebilir ekonomik büyümeyi yönlendirmede stratejik bir rol oynamaktadır. Araştırma, 1995-2022 dönemini kapsayan kapsamlı bir panel veri seti kullanmaktadır. Potansiyel içsellik ve gözlemlenemeyen heterojenlik sorunlarını ele almak için, ampirik analiz Panel-Düzeltilmiş Standart Hatalar (PCSE) yöntemini kullanmaktadır. Bu yaklaşım, yatay kesit birimleri arasındaki eşzamanlı korelasyon ve heteroskedastisiteyi hesaba katarak daha güçlü istatistiksel çıkarım sağlamaktadır. Westerlund ECM koentegrasyon testleri, ana değişkenler arasında uzun vadeli denge ilişkilerinin varlığını doğrulamaktadır. Bulgular, ekonomik küreselleşmenin BRICS ekonomilerinde ekonomik büyüme üzerinde anlamlı ve pozitif bir etkiye sahip olduğunu ortaya koymaktadır. Daha önemlisi, bilgisel küreselleşme bu pozitif ilişkiyi anlamlı bir şekilde güçlendirmekte ve kritik bir düzenleyici olarak işlev görmektedir. Başka bir deyişle, bilgisel küreselleşme arttıkça, ekonomik küreselleşmenin büyümeyi artırıcı etkisi daha belirgin ve istikrarlı hale gelmektedir. Etkileşim etkisi, daha iyi dijital altyapı ve bilgi erişimine sahip ülkelerin ekonomik entegrasyonun faydalarını daha etkin şekilde kullanabileceğini göstermektedir. Sermaye birikimi, işgücüne katılım, beşerî sermaye ve siyasi istikrar dahil olmak üzere kontrol değişkenlerinin büyüme üzerinde istatistiksel olarak anlamlı ve tutarlı etkiler gösterdiği bulunmuştur. Sonuçlar, dijital kapasitenin artırılması ve bilgisel altyapının genişletilmesinin sürdürülebilir büyüme stratejilerinin ayrılmaz bileşenleri olduğunu ve bilgisel küreselleşmenin daha geniş kalkınma ve küreselleşme politikalarına entegre edilmesinin uzun vadeli ekonomik faydaları maksimize etmek ve dijital çağda kapsayıcı büyüme elde etmek için gerekli olduğunu vurgulamaktadır.

Keywords

Bilgi Küreselleşmesi , Ekonomik Küreselleşme , Büyüme , Panel-Düzeltilmiş Standart Hatalar (PCSE) Yöntemi , BRICS Ülkeleri

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