The effect of economic complexity on expected lifespan: The case of Turkey

Abstract

Economic complexity is defined as a concept that symbolizes the more sophisticated production of countries. The inclusion of productive knowledge as an important input in the production process makes a significant contribution to the product diversity of countries. At this point, economic complexity interacts with various indicators that symbolize prosperity in the country. In this study, the examination of the relationship between economic complexity and expected life expectancy, which has not been widely researched in the field literature, is analysed using current econometric methods and the data of the years 1995-2020. Using Fractional Frequency Fourier-ADL Cointegration Test, cointegration examination is carried out and causality is examined using Fractional Frequency Fourier Toda-Yamamoto Causality Test. it has been revealed that there exists a cointegration relationship. In the causality analysis, it is determined that there is a one-way causality from economic complexity to life expectancy. In addition, bidirectional causality is found between life expectancy and GDP per capita. As for the result of the estimation, it is determined that economic complexity positively affects life expectancy.

Keywords

• Economic complexity
• Expected Lifespan
• Fractional Frequency Fourier Toda-Yamamoto Causality Test

Ekonomik kompleksitenin beklenen yaşam süresi üzerindeki etkisi: Türkiye örneği

Öz

Ekonomik kompleksite, ülkelerin daha sofistike üretimini simgeleyen bir kavram olarak tanımlanmaktadır. Üretken bilginin önemli bir girdi olarak üretim sürecine dahil edilmesi, ülkelerin ürün çeşitliliğine önemli katkı sunmaktadır. Bu noktada, ekonomik kompleksite ülkede refahı simgeleyen çeşitli göstergelerle etkileşim içerisindedir. Bu çalışmada, literatürde geniş araştırma alanı bulamamış ekonomik kompleksite ve beklenen yaşama süresi arasındaki ilişki güncel ekonometrik yöntemlerle 1995-2020 dönemi veriler kullanılarak analiz edilmiştir. Kesirli Frekanslı Fourier-ADL Eşbütünleşme Testi ile eşbütünleşme incelemesi ve Kesirli Frekanslı Fourier Toda-Yamamoto Nedensellik Testi ile nedensellik incelemesi yapılmıştır. Kesirli Frekanslı Fourier-ADF testi eşbütünleşme analizi sonucunda, eşbütünleşme ilişkisinin varlığı ortaya konulmuştur. Nedensellik incelemesinde, ekonomik kompleksiteden beklenen yaşam süresine doğru tek yönlü nedensellik tespit edilmiştir. Ayrıca beklenen yaşam süresi ve kişi başına GSYİH’e arasında çift yönlü nedensellik tespit edilmiştir. Tahmin sonucunda ise, ekonomik kompleksitenin beklenen yaşam süresini pozitif etkilediği tespit edilmiştir.

Anahtar Kelimeler

• Ekonomik kompleksite
• Beklenen Yaşam Süresi
• Kesirli Frekanslı Fourier Toda-Yamamoto Nedensellik Testi

Kaynakça

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