The Impact Of Economic, Social And Political Globalization On Economic Growth: Evidence From BRICS-T Countries*

Authors : Murat TEKBAŞ

Pages : 57-71

Doi:10.21547/jss.796472

View : 25 | Download : 16

Publication Date : 2021-01-31

Article Type : Research Paper

Abstract :The main purpose of this study is to analyse the long-term relationship between economic growth and economic, social and political globalization in BRICS-T countries using panel data analysis methods for the period covering 1990-2014. According to the empirical results of the model established based on the Cobb-Douglas production function, it is seen that economic, social, political globalization and capital accumulation have a positive effect on economic growth. Dumitrescu-Hurlin Panel Granger Causality test results show that there is a two-way causality relationship between capital accumulation and political globalization and economic growth. It has also been found that one-way causality relationship towards economic growth from economic and social globalization.
Keywords : Economic Globalization, Social and Political Globalization, Economic Growth