Economic Effect of Globalization on Island of Mauritius: ARDL Bounds Testing Approach

Yıl 2023, Cilt: 7 Sayı: 1, 429 - 444, 31.01.2023

Zafiira Beeharry , Yaşam Demir

https://doi.org/10.29023/alanyaakademik.1161586

Öz

Bu çalışma, 1981'den 2019'a kadar ekonomik küreselleşmenin Morityus üzerindeki etkisini ARDL yaklaşımı kullanarak analiz etmektedir. Ayrı ekonomik özellikleri nedeniyle, izole ada ekonomileri küreselleşmeye diğer ülkelerden farklı tepki verir. Çalışmamız Morityus'un küresel ticaret ve doğrudan yabancı yatırım (DYY) girişlerinin ülkenin GSYİH büyümesi üzerinde bir etkisi olup olmadığını araştırıyor. Bulgular, kısa vadede DYY girişlerinin GSYİH'nın büyümesi için bir itici güç olduğunu, uzun vadede ise bunun tersinin gerçekleştiğini göstermektedir. Aynı şekilde, küresel ticaret ile GSYİH büyümesi arasındaki uzun vadeli ilişki de aynı sonuçla sonuçlandı. Bulgularımız ışığında, Morityus Hükümeti'nin çeşitli ekonomik idari önlemler yoluyla küresel DYY'yi teşvik etmeye ve ülkenin küresel ticaretini geliştirmek için girişimlerde bulunmaya odaklanması gerekmektedir.

Anahtar Kelimeler

Ekonomik Küreselleşme, Uluslararası Ticaret, DYY, ARDL, Mauritius Adası

Economic Effect of Globalization on Island of Mauritius: ARDL Bounds Testing Approach

Öz

This study analyzes the effect of economic globalization on Mauritius from 1981 to 2019 using the ARDL approach. Due to their distinct economic characteristics, isolated island economies react differently to globalization than other countries. Our study investigates whether Mauritius's global trade and foreign direct investment (FDI) inflows have an impact on the country's GDP growth. The findings suggest that in the short run, FDI inflows are an impetus for the growth of GDP, while in the long term, the opposite occurs. Likewise, the long-term relationship between global trade and GDP growth concluded with the same result. In the light of our findings, the Government of Mauritius needs to focus on encouraging global FDI using various economic administrative measures and taking initiatives for enhancing the country’s global trade.

Anahtar Kelimeler

Economic Globalization, International Trade, FDI, ARDL, Mauritius Island

Kaynakça

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