YÜKSELEN PİYASA EKONOMİLERİNDE TİCARİ DIŞA AÇIKLIĞIN EKONOMİK BÜYÜME ÜZERİNDEKİ ETKİSİ: EKONOMETRİK BİR UYGULAMA

Öz

Ticari dışa açıklık, mal ve hizmet ticareti üzerindeki bulunan kontrollerinin ortadan kaldırılarak uluslararası boyutta serbest ticaretin sağlanmasıdır. Toplam ticaret hacminin GSYH’ye olan oranı bir ekonomide uluslararası ticaretin önemini göstermektedir. Bu oran aynı zamanda bir ekonominin küreselleşmesinin derecesi olarak da kabul edilmektedir. Çalışmada toplam 18 yükselen piyasa ekonomisinde ticari dışa açıklığın ekonomik büyüme üzerindeki etkisi incelenmektedir. Bu doğrultuda 1992-2015 döneminde ekonomik büyüme oranı sabit değişken olmak üzere ticari dışa açıklık, doğrudan yabancı yatırımlar ve gayri safi sabit sermaye yatırımları verileri kullanılmıştır. Yapılan panel veri analizi sonucunda kullanılan tüm değişkenlerin yükselen piyasa ekonomilerinde büyümeyi olumlu şekilde etkilediği sonucuna ulaşılmıştır. Analizde uygulanan nedensellik testlerinde ticari dışa açıklık, gayrisafi sabit sermaye yatırımları ve ekonomik büyüme arasında çift yönlü bir ilişki tespit edilmiştir. Ekonomik büyümeden doğrudan yabancı yatırımlara doğru ise tek yönlü ilişkinin olduğu sonucuna ulaşılmıştır.

Anahtar Kelimeler

• Büyüme
• Ticari dışa açıklık
• yükselen piyasa ekonomileri

THE EFFECT OF COMMERCIAL OPENNESS ON ECONOMIC GROWTH IN RISING MARKET ECONOMIES: AN ECONOMETRIC APPLICATION

Öz

Commercial openness is the elimination of the controls on the trade of goods and services and the provision of free trade at the international level. The ratio of total trade volume to GDP shows the importance of international trade in an economy. This ratio is also regarded as the degree of globalization of an economy. The study examines the effect of trade openness on economic growth in a total of 18 emerging market economies. In this regard, the economic growth rate being a constant variable, trade openness, foreign direct investments and gross fixed capital investments data were used in the period 1992-2015. As a result of the panel data analysis, it was concluded that all the variables used had a positive effect on growth in emerging market economies. In the causality tests applied in the analysis, a two-way relationship between commercial openness, gross fixed capital investments and economic growth was determined. It is concluded that there is a one-way relationship from economic growth to foreign direct investments.

Anahtar Kelimeler

• Economic Growth
• Trade Opennes
• Emerging Market Economies

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