Araştırma Makalesi

Relationship between Global Competition and Growth in Developing Countries

Cilt: 2 Sayı: 2 30 Aralık 2021
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Relationship between Global Competition and Growth in Developing Countries

Öz

With globalization, a phenomenon of competition has emerged throughout the world and countries have faced intense competition in order to achieve economic growth. The network of relations that developed over time has become a concept that covers not only economic, but also social, cultural and political areas of this concept and expresses a transformation in time and space beyond the economic dependence of the countries of the world. It is an important goal for countries to bring the economy to competitive conditions and to deal with global risks with a prudent and rational approach. Therefore, countries that want to maintain their position in the global arena must be ahead of their competitors. This target will only be possible with high competitive power. From this point of view, the aim of the study is to reveal the effect of the global competitiveness index on growth for the developing countries for the 2009-2020 period with panel cointegration analysis. As a result of the cointegration test of Westerlund and Edgerton (2007), it was determined that the series are related in the long run. It is concluded that a 1% increase in the global competitiveness index variable in the long run will lead to a 7.3% increase in the GDP variable. As can be seen, growth is positively affected as competition increases. In addition, as a result of the Boostrap Granger Causality Analysis, bi-directional causality was determined for growth and global competitiveness index.

Anahtar Kelimeler

Kaynakça

  1. Aghion, P., Harris, C., Howitt, P. & Vickers, J. (2001). Competition, Imitation and growth with step-by-step Innovation. The Review of Economic Studies, 68(3), 467-492.
  2. Aghion, P., Bloom, N., Blundell, R., Griffith, R. & Howitt, P. (2005). Competition and Innovation: An Inverted-u relationship. The Quarterly Journal of Economics, 120(2), 701-728.
  3. Breusch, T. S. & Pagan, A. R. (1980). The Lagrange Multiplier Test and İts Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239-253.
  4. Choi, I. (2001). Unit roots tests for panel data. Journal of International Money and Finance, 20(2), 229-272.
  5. Dumitrescu, E. & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(1), 1450-1460.
  6. Farinha, L., Ferreira, J. & Gouveia, B. (2016). Networks of Innovation and Competitiveness: A Triple Helix Case Study. Journal of the Knowledge Economy, 5(2), 1-18.
  7. Fagerberg, J. (1988). International competitiveness. The Economic Journal, 98(391), 355-374.
  8. Gilbert, R. (2006). Looking for Mr. Schumpeter. Where are We in the Competition–Innovation Debate? Innovation Policy and the Economy, 6(1): 159-215.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Büyüme

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

30 Aralık 2021

Gönderilme Tarihi

4 Eylül 2021

Kabul Tarihi

17 Eylül 2021

Yayımlandığı Sayı

Yıl 2021 Cilt: 2 Sayı: 2

Kaynak Göster

APA
Sart, G. (2021). Relationship between Global Competition and Growth in Developing Countries. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ, 2(2), 69-76. https://izlik.org/JA65WG43DT
AMA
1.Sart G. Relationship between Global Competition and Growth in Developing Countries. BİTYED. 2021;2(2):69-76. https://izlik.org/JA65WG43DT
Chicago
Sart, Gamze. 2021. “Relationship between Global Competition and Growth in Developing Countries”. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ 2 (2): 69-76. https://izlik.org/JA65WG43DT.
EndNote
Sart G (01 Aralık 2021) Relationship between Global Competition and Growth in Developing Countries. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ 2 2 69–76.
IEEE
[1]G. Sart, “Relationship between Global Competition and Growth in Developing Countries”, BİTYED, c. 2, sy 2, ss. 69–76, Ara. 2021, [çevrimiçi]. Erişim adresi: https://izlik.org/JA65WG43DT
ISNAD
Sart, Gamze. “Relationship between Global Competition and Growth in Developing Countries”. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ 2/2 (01 Aralık 2021): 69-76. https://izlik.org/JA65WG43DT.
JAMA
1.Sart G. Relationship between Global Competition and Growth in Developing Countries. BİTYED. 2021;2:69–76.
MLA
Sart, Gamze. “Relationship between Global Competition and Growth in Developing Countries”. BİLİM-TEKNOLOJİ-YENİLİK EKOSİSTEMİ DERGİSİ, c. 2, sy 2, Aralık 2021, ss. 69-76, https://izlik.org/JA65WG43DT.
Vancouver
1.Gamze Sart. Relationship between Global Competition and Growth in Developing Countries. BİTYED [Internet]. 01 Aralık 2021;2(2):69-76. Erişim adresi: https://izlik.org/JA65WG43DT