Analysis of Globalization and Economic Growth for Turkey with ARDL Model

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Anadolu Üniversitesi Sosyal Bilimler Dergisi
Volume:17 Issue:2
Analysis of Globalization and Economic Growth for Turkey with ARDL Model

Analysis of Globalization and Economic Growth for Turkey with ARDL Model

Authors : Cüneyt KOYUNCU, Tufan SARITAŞ

Pages : 51-66

Doi:10.18037/ausbd.417241

View : 58 | Download : 8

Publication Date : 2017-06-15

Article Type : Research Paper

Abstract :In this study, short and long term possible relationships between globalization and growth in Turkey were investigated for 1970-2013. In this context, three models for three different growth indicators were established. Firstly, it has been examined whether there is a long-lasting relationship between the series by using ARDL boundary test method. Then, both short and long term coefficients of the series were estimated by using error corrected form of the ARDL Model. Finally, Granger causality test was applied in the context of Toda-Yamamoto Approach. After the analyzes made for three different models; it was found that there was a long-term significant positive correlation between globalization and growth but there was no short term significant correlation between them for each of the three models. In addition, after conducting causality test for three models, no causality relationship between growth and globalization was identified.
Keywords : Globalization, Economic Growth, Cointegration, Stationarity

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