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Ekonomik Entegrasyon ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi

Yıl 2024, , 740 - 764, 31.10.2024
https://doi.org/10.25204/iktisad.1452830

Öz

Bu çalışmanın amacı, AB27 ülkelerine ait 1996-2018 dönemi yıllık verileri ile ekonomik entegrasyonun uzun dönemli dinamik etkilerin ekonomik karmaşıklık üzerindeki etkilerini incelemektir. Seriler arasında eşbütünleşme ilişkisi Westerlund (2008) tarafından geliştirilen Durbin-Hausman eşbütünleşme testi ile tahmin edilmiştir. Uzun dönem panel eşbütünleşme katsayı tahmini için Eberhardt ve Bond (2009), Eberhardt ve Teal (2010) tarafından geliştirilen AMG testi uygulanmıştır. Elde edilen bulgulara göre kurumsal kalite, ölçek ekonomileri ve teknolojik ilerleme etkilerinin ekonomik karmaşıklık üzerinde pozitif ve anlamlı bir etkisi olduğu tespit edilmiştir. Panelin geneli için DYY ve verimlilik etkilerinin ekonomik karmaşıklık üzerinde anlamlı bir etkisi bulunamazken ülke bazlı bulgularda heterojen etkiler tespit edilmiştir. Bu bulgulara göre entegrasyonun kurumsal kalite, teknolojik ilerleme ve ölçek ekonomileri yolu ile AB27 ülkelerinin karmaşıklığının artırılmasında yardımcı olabileceği sonucuna varılmıştır. Öte yandan, DYY etkisinin karmaşıklık bağlamında pozitif etkisinden faydalanmak amacıyla DYY kararlarının bölge içinde yer alan ülkeler arasında nispeten daha az gelişmiş ülkelerde yoğunlaştırılması önerilmektedir.

Kaynakça

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The Relationship Between Economic Integration and Economic Complexity: Analysis of EU27 Countries

Yıl 2024, , 740 - 764, 31.10.2024
https://doi.org/10.25204/iktisad.1452830

Öz

The aim of this study is to examine the effects of the long-term dynamic impacts of economic integration on economic complexity using the annual data for the period 1996-2018 for the EU27 countries. The cointegration relationship between the series was estimated using the Durbin-Hausman cointegration test developed by Westerlund (2008). The AMG test, developed by Eberhardt and Bond (2009) and Eberhardt and Teal (2010), was applied for the estimation of long-term panel cointegration coefficients. According to the findings, institutional quality, economies of scale, and technological progress have a positive and significant impact on economic complexity. While no significant effect of FDI and productivity on economic complexity was found for the overall panel, heterogeneous effects were identified in country-specific results. Based on these findings, it is concluded that integration can help enhance the complexity of the EU27 countries through institutional quality, technological progress, and economies of scale. On the other hand, to benefit from the positive impact of FDI in terms of complexity, it is recommended that FDI decisions be concentrated in relatively less developed countries within the region.

Kaynakça

  • Ajide, K. B. (2022). Is natural resource curse thesis an empirical regularity for economic complexity in Africa?. Resources Policy, 76, 1-11. https://doi.org/10.1016/j.resourpol.2022.102755
  • Allen, C., Gasiorek, M. ve Smith, A. (1998). The competition effects of the Single Market in Europe. Economic policy, 13(27), 440-486. https://doi.org/10.1111/1468-0327.00038
  • Anderson, P. W., Arrow, K. ve Pines, D. (1988). The economy as an evolving complex system. CRC Press.
  • Antonietti, R. ve Franco, C. (2021). From FDI to economic complexity: a panel Granger causality analysis. Structural Change and Economic Dynamics, 56, 225-239. https://doi.org/10.1016/j.strueco.2020.11.001
  • Arthur, W. B. (1999). Complexity and the economy. Science, 284(5411), 107–109. https://doi.org/10.1126/science.284.5411.107
  • Arthur, W. B. (2009). Complexity and the economy. J. B. Rosser (Ed.), Handbook of research on complexity içinde (s. 12-21). Edward Elgar Publishing. https://doi.org/10.4337/9781781952665.00007
  • Arthur, W. B. (2014). Complexity and the economy. Oxford University Press.
  • Arthur, W. B., Durlauf, S. N. ve Lane, D. (1997). The economy as an evolving complex system II. CRC Press.
  • Bai, J. ve Ng, S. (2004). A PANIC attack on unit roots and cointegration. Econometrica, 72(4), 1127-1177. https://doi.org/10.1111/j.1468-0262.2004.00528.x
  • Balassa, B. (1961). The theory of economic integration. George Allen & Unwin Publishing.
  • Baldwin, R. (1989). The growth effects of 1992. Economic Policy, 4(9), 247-281. https://doi.org/10.2307/1344471
  • Balland, P. A., Broekel, T., Diodato, D., Giuliani, E., Hausmann, R., O'Clery, N. ve Rigby, D. (2022). The new paradigm of economic complexity. Research Policy, 51(3), 1-11. https://doi.org/10.1016/j.respol.2021.104450
  • Beinhocker, E. D. (2006). The origin of wealth: Evolution, complexity, and the radical remaking of economics. Harvard Business School Press.
  • Blomquist, J. ve Westerlund, J. (2013). Testing slope homogeneity in large panels with serial correlation. Economics Letters, 121(3), 374-378. https://doi.org/10.1016/j.econlet.2013.09.012
  • Blomstrom, M. ve Kokko, A. (1997a). Regional integration and foreign direct investment. Working Paper Series in Economics and Finance No. 172. https://www.nber.org/papers/w6019
  • Blomstrom, M. ve Kokko, A. (1997b). Regional integration and foreign direct investment: A conceptual framework and three cases. Policy Research Working Paper No. 1750. https://ssrn.com/abstract=620599
  • Blume, L. E., ve Durlauf, S. N. (2006). The economy as an evolving complex system III. Oxford University Press.
  • Bonfiglioli, A. (2008). Financial integration, productivity and capital accumulation. Journal of International Economics, 76(2), 337-355. https://doi.org/10.1016/j.jinteco.2008.08.001
  • Brada, J. C. ve Mendez, J. A. (1988). An estimate of the dynamic effects of economic integration. The Review of Economics and Statistics, 70(1), 163-168. https://doi.org/10.2307/1928166
  • Breitung, J. (2005). A parametric approach to the estimation of cointegration vectors in panel data. Econometric Reviews, 24(2), 151-173. https://doi.org/10.1081/ETC-200067895
  • Breusch, T. S. ve Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The review of economic studies, 47(1), 239-253. https://doi.org/10.2307/2297111
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  • Levy Yeyati, E. L., Stein, E. ve Daude, C. (2003). Regional integration and the location of FDI. IDB Working Paper No. 414, http://dx.doi.org/10.2139/ssrn.1818703
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  • Mattli, W. (1999). Explaining regional integration outcomes. Journal of European Public Policy, 6(1), 1-27. https://doi.org/10.1080/135017699343775
  • Méndez-Carbajo, D. ve Thomakos, D. D. (2003). Economic integration, market discipline and productivity growth in Spain. Journal of International Trade & Economic Development, 12(4), 359-375. https://doi.org/10.1080/0963819032000154801
  • Moon, H. R. ve Perron, B. (2004). Testing for a unit root in panels with dynamic factors. Journal of econometrics, 122(1), 81-126. https://doi.org/10.1016/j.jeconom.2003.10.020
  • Moreira, M. M. ve Lopez Cordova, E. (2003). Regional integration and productivity: The experiences of Brazil and Mexico. BID-Intal-ITD-STA Working Paper No. 14, http://dx.doi.org/10.2139/ssrn.422480
  • Moreno‐Casas, V. ve Bagus, P. (2022). Dynamic efficiency and economic complexity. Economic Affairs, 42(1), 115-134. https://doi.org/10.1111/ecaf.12509
  • Mutambara, T. E. (2021). Implications of static and dynamic effects of economic integration for investment inflows and outflows using theories on industrial location: A theoretical debate. International Journal of Business, Economics and Law, 24(6), 17-27. https://ijbel.com
  • Naciri, N. ve Tkiouat, M. (2015). Complex system theory development. International Journal of Latest Research in Science and Technology, 4(6), 93-103. https://www.mnkjournals.com/journal/ijlrst/Article.php?paper_id=10598
  • Nguyen, C. P. ve Su, T. D. (2021). Economic integration and economic complexity: The role of basic resources in absorptive capability in 40 selected developing countries. Economic Analysis and Policy, 71, 609-625. https://doi.org/10.1016/j.eap.2021.07.001
  • Nguyen, C. P., Schinckus, C. ve Su, T. D. (2020). The drivers of economic complexity: International evidence from financial development and patents. International Economics, 164, 140-150. https://doi.org/10.1016/j.inteco.2020.09.004
  • Nguyen, C. P., Schinckus, C. ve Su, T. D. (2023). Determinants of economic complexity: A global evidence of economic integration, institutions, and internet usage. Journal of the Knowledge Economy, 14(4), 4195-4215. https://doi.org/10.1007/s13132-022-01053-3
  • O’Brien, R. M. (2007). A caution regarding rules of thumb for variance inflation factors. Quality & Quantity, 41, 673-690. https://doi.org/10.1007/s11135-006-9018-6
  • O'Connell, P. G. (1998). The overvaluation of purchasing power parity. Journal of international economics, 44(1), 1-19. https://doi.org/10.1016/S0022-1996(97)00017-2
  • OECD (2024). OECD Data. https://data.oecd.org/rd/gross-domestic-spending-on-r-d.htm
  • Oumbé, H. T., Djeunankan, R. ve Ndzana, A. M. (2023). Does information and communication technologies affect economic complexity?. SN Business & Economics, 3, https://doi.org/10.1007/s43546-023-00467-8
  • Pedroni, P. (1999). Critical values for cointegration tests in heterogeneous panels with multiple regressors. Oxford Bulletin of Economics and Statistics, 61(S1), 653-670. https://doi.org/10.1111/1468-0084.0610s1653
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  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. CESifo Working Paper Series 1229, https://ideas.repec.org/p/ces/ceswps/_1229.html
  • Pesaran, M. H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967-1012. https://doi.org/10.1111/j.1468-0262.2006.00692.x
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of applied econometrics, 22(2), 265-312. https://doi.org/10.1002/jae.951
  • Pesaran, M. H. ve Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of econometrics, 142(1), 50-93. https://doi.org/10.1016/j.jeconom.2007.05.010
  • Pesaran, M. H., Ullah, A. ve Yamagata, T. (2008). A bias‐adjusted LM test of error cross‐section independence. The econometrics journal, 11(1), 105-127. https://doi.org/10.1111/j.1368-423X.2007.00227.x
  • Phillips, P. C. ve Sul, D. (2003). Dynamic panel estimation and homogeneity testing under cross section dependence. The econometrics journal, 6(1), 217-259. https://doi.org/10.1111/1368-423X.00108
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  • Ünal, B. (2021). Karmaşıklık iktisadı: Teorik bir inceleme. İnsan ve Toplum Bilimleri Araştırmaları Dergisi, 10(1), 12-27. https://doi.org/10.15869/itobiad.803089
  • Viner, J. (1950). The Customs Union Issue. Oxford University Press.
  • Vu, T. V. (2022). Does institutional quality foster economic complexity? The fundamental drivers of productive capabilities. Empirical Economics, 63(3), 1571-1604. https://doi.org/10.1007/s00181-021-02175-4
  • Walz, U. (1997). Dynamic effects of economic integration: A survey. Open economies review, 8(3), 309-326. https://doi.org/10.1023/A:1008298900468
  • Walz, U. (1999). Dynamics of regional integration. Physica Heidelberg.
  • Westerlund, J. (2008). Panel cointegration tests of the Fisher effect. Journal of applied econometrics, 23(2), 193-233. https://doi.org/10.2307/2297111
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  • World Bank (2024). World Development Indicators. https://databank.worldbank.org/source/world-development-indicators#
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  • Wu, Y. (2000). Productivity, growth and economic integration in the Southern China region. Asian Economic Journal, 14(1), 39-54. https://doi.org/10.1111/1467-8381.00099
Toplam 101 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Uluslararası İktisatta Bölgesel Gelişme ve Küreselleşme
Bölüm Araştırma Makaleleri
Yazarlar

Merve Eser 0000-0001-9798-3231

Aykut Şarkgüneşi 0000-0002-3816-1550

Erken Görünüm Tarihi 27 Ekim 2024
Yayımlanma Tarihi 31 Ekim 2024
Gönderilme Tarihi 14 Mart 2024
Kabul Tarihi 4 Ağustos 2024
Yayımlandığı Sayı Yıl 2024

Kaynak Göster

APA Eser, M., & Şarkgüneşi, A. (2024). Ekonomik Entegrasyon ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi. İktisadi İdari Ve Siyasal Araştırmalar Dergisi, 9(25), 740-764. https://doi.org/10.25204/iktisad.1452830
AMA Eser M, Şarkgüneşi A. Ekonomik Entegrasyon ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi. İKTİSAD. Ekim 2024;9(25):740-764. doi:10.25204/iktisad.1452830
Chicago Eser, Merve, ve Aykut Şarkgüneşi. “Ekonomik Entegrasyon Ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi”. İktisadi İdari Ve Siyasal Araştırmalar Dergisi 9, sy. 25 (Ekim 2024): 740-64. https://doi.org/10.25204/iktisad.1452830.
EndNote Eser M, Şarkgüneşi A (01 Ekim 2024) Ekonomik Entegrasyon ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi. İktisadi İdari ve Siyasal Araştırmalar Dergisi 9 25 740–764.
IEEE M. Eser ve A. Şarkgüneşi, “Ekonomik Entegrasyon ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi”, İKTİSAD, c. 9, sy. 25, ss. 740–764, 2024, doi: 10.25204/iktisad.1452830.
ISNAD Eser, Merve - Şarkgüneşi, Aykut. “Ekonomik Entegrasyon Ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi”. İktisadi İdari ve Siyasal Araştırmalar Dergisi 9/25 (Ekim 2024), 740-764. https://doi.org/10.25204/iktisad.1452830.
JAMA Eser M, Şarkgüneşi A. Ekonomik Entegrasyon ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi. İKTİSAD. 2024;9:740–764.
MLA Eser, Merve ve Aykut Şarkgüneşi. “Ekonomik Entegrasyon Ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi”. İktisadi İdari Ve Siyasal Araştırmalar Dergisi, c. 9, sy. 25, 2024, ss. 740-64, doi:10.25204/iktisad.1452830.
Vancouver Eser M, Şarkgüneşi A. Ekonomik Entegrasyon ve Ekonomik Karmaşıklık İlişkisi: AB27 Ülkeleri Analizi. İKTİSAD. 2024;9(25):740-64.


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