KÜRESELLEŞME İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: AB ÖRNEĞİ

Yıl 2023, Cilt: 24 Sayı: 1, 343 - 363, 22.01.2023

Murat Çetin , Uğur Çınar

https://doi.org/10.31671/doujournal.1180901

Öz

Bu çalışmanın amacı Avrupa Birliği’ne üye ülkelerde küreselleşmenin ekonomik büyüme üzerindeki etkisini araştırmaktır. Bu nedenle çalışmada 1995-2019 dönemine ait küreselleşme, finansal gelişme, sermaye, kentleşme ve tasarruf faktörlerinin yer aldığı büyüme modeli kullanılmıştır. Değişkenlerin durağanlık seviyeleri PANIC birim kök testi ile araştırılarak I(1) olduğu tespit edilmiştir. Seriler arasındaki eşbütünleşmenin belirlenmesi üzerine değişkenlerin uzun dönem tahminleri AMG, DOLS ve FMOLS tahmin yöntemleri ile yapılmıştır. Son olarak seriler arasındaki nedensellik ilişkisi Dumitrescu-Hurlin panel nedensellik testi ile gerçekleştirilmiştir. Ampirik bulgular panel genelinde küreselleşmenin ekonomik büyümeyi pozitif olarak etkilediği yönündedir. Ayrıca küreselleşme ile ekonomik büyüme arasında çift yönlü nedenselliğin varlığı belirlenmiştir.

Anahtar Kelimeler

Küreselleşme, Ekonomik Büyüme, PANIC, AMG, Dumitrescu-Hurlin Panel Nedenselliği

THE RELATIONSHIP BETWEEN GLOBALIZATION AND ECONOMIC GROWTH: THE EXAMPLE OF THE EU

Öz

The aim of this study is to investigate the effect of globalization on economic growth in the member countries of the European Union. For this reason, the growth model that includes the factors of globalization, financial development, capital, urbanization and savings for the period of 1995-2019 was used in the study. The stationarity levels of the variables were investigated with the PANIC unit root test and determined to be I(1). After determining the cointegration between the series, the long-term estimates of the variables were made by using the AMG, DOLS and FMOLS estimation methods. Finally, the causal relationship between the series was carried out with the Dumitrescu-Hurlin panel causality test. Empirical findings show that the globalization positively affects economic growth throughout the panel. In addition, the existence of bidirectional causality between globalization and economic growth was determined.

Anahtar Kelimeler

Globalization, Economic Growth, PANIC, AMG, Dumitrescu-Hurlin Panel Causality

Kaynakça

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