International Trade of Cultural Products and Economic Growth: A Panel Data Analysis

Year 2021, Volume: 12 Issue: 30, 381 - 392, 20.05.2021

Fatih Cemil Özbuğday , Önder Özgür

https://doi.org/10.21076/vizyoner.827383

Abstract

The potential of international trade of cultural products in fostering economic growth has been neglected in the empirical economics literature. The study explores the relationship between international trade of cultural products and gross domestic product (GDP) per capita in 85 countries between 2004-2017 using the Pedroni cointegration test and Swamy (1970)’s random coefficient model. The results show that although the trade balance of cultural products does not affect economic growth, the volume of international trade in cultural products has a statistically significant and positive impact on GDP per capita. These findings indicate that policymakers should not require protective steps against the imports of cultural goods or services and the call of the 2005 UNESCO Convention on the Protection and Promotion of the Diversity of Cultural Expressions to developed economies to open their markets is an appropriate suggestion.

Keywords

Cultural Products, Cultural Industries, International Trade, Economic Growth, UNESCO

Kültürel Ürünlerin Uluslararası Ticareti ve Ekonomik Büyüme: Panel Veri Analizi

Abstract

Kültürel ürünlerin ticaretinin ekonomik büyümeyi teşvik etme potansiyeli iktisat literatüründe ihmal edilmiştir. Bu çalışma kültürel ürünlerin uluslararası ticareti ile gayrisafi yurtiçi hasıla (GSYİH) arasındaki ilişkiyi 85 ülke için 2004-2017 döneminde Pedroni eşbütünleşme testi ve Swamy (1970) rassal katsatılı model kullanarak analiz etmektedir. Çalışmanın sonuçları kültürel ürünlerin ticaret dengesinin GSYİH üzerinde istatistiksel olarak anlamlı olumlu bir etkisi bulunmadığını göstermektedir. Bu sonuçlar politika yapıcıların kültürel ürünlerin ithalatına yönelik kısıtlayıcı uygulamalara yer vermesine gerek olmadığını ve bu bağlamda 2005 UNESCO Kültürel İfadelerin Çeşitliliğinin Korunması ve Geliştirilmesi Sözleşmesi’nin gelişmiş ekonomilere pazarlarını açmaları çağrısının uygun bir öneri olduğunu göstermektedir.

Keywords

Kültürel Ürünler, Kültürel Endüstriler, Uluslararası Ticaret, Ekonomik Büyüme, UNESCO

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