The Relationship Between Economic, Social, and Political Globalization and Economic Performance In Turkic States

Authors : Türker ŞİMŞEK

Pages : 321-335

Doi:10.17494/ogusbd.1287909

View : 78 | Download : 59

Publication Date : 2023-08-10

Article Type : Research Paper

Abstract :This article examines the relationship between economic, social and political globalization indices, which are the sub-dimensions of KOF globalization index, and economic performances in Turkish States for the period 1991-2019. As a result of the Dynamic Ordinary Least Squares Mean Group insert ignore into journalissuearticles values(DOLSMG-Demean); method applied in the analysis, there is a positive and statistically significant relationship between economic performance and economic globalization in Turkic States; A negative and statistically significant relationship is found between economic performance and social globalization. In addition, although political globalization has a positive effect on economic growth, it is not statistically significant. For this reason, governments should reduce foreign trade barriers, increase foreign trade volume, encourage international trade and benefit more from economic globalization by improving their tax policies. In addition, policies that reduce the negative effects of social globalization on economic growth should be adopted.
Keywords : Ekonomik Küreselleşme, Sosyal Küreselleşme, Politik Küreselleşme, Panel Veri Analizi

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