Analysis of Globalization and Economic Growth for Turkey with ARDL Model

Yıl 2017, Cilt: 17 Sayı: 2, 51 - 66, 15.06.2017

Prof. Dr. Cüneyt Koyuncu Tufan Sarıtaş

https://doi.org/10.18037/ausbd.417241

Cited By: 1

Öz

In this study, short and long term possible relationships between globalization and growth in Turkey were investigated for 1970-2013. In this context, three models for three different growth indicators were established. Firstly, it has been examined whether there is a long-lasting relationship between the series by using ARDL boundary test method. Then, both short and long term coefficients of the series were estimated by using error corrected form of the ARDL Model. Finally, Granger causality test was applied in the context of Toda-Yamamoto Approach. After the analyzes made for three different models; it was found that there was a long-term significant positive correlation between globalization and growth but there was no short term significant correlation between them for each of the three models. In addition, after conducting causality test for three models, no causality relationship between growth and globalization was identified. 

Anahtar Kelimeler

Globalization, Economic Growth, Cointegration, Stationarity

Kaynakça

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