International Conference on Eurasian Economies
4-5 November 2010 – Istanbul, TURKEY
Paper detail
Paper ID : 126
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Mr. Ismail Önden
Session : 2B Büyüme ve Gelişme
Interrelation Between Sectoral Growth Rates
Sektörel Büyüme Oranları Arasındaki Karşılıklı İlişki
- Mr. Ismail Önden (Okan University, Türkiye)
- Mr. Bilal Özer (Okan University, Türkiye)
- Ph.D. candidate Alper Karaağaç (Istanbul Üniversitesi, Türkiye)
Abstract
The concept of globalization has arisen from a combination of those developments together with certain political and cultural issues. Economically the term globalization refers to the decrease of borders between states since goods and services, capital, and labour flows from one state to each other easily. This flow makes economic sectors and markets more integrated to each other, and as a result the interaction between them gains significance. With the emergence of the globalization process, commercial borders such as tariffs, restrictions and heavy duties have been cut out or lightened, since the new integrated economic system requires the border-less flow of factors of production. In such a globalized economic system, the growth or contraction of a specific sector in one country can have an effect on another, since markets are inter-connected and world trade is at its highest levels. Similarly, financial crises affect different sectors of different countries at changing levels, as in the case of the recent world financial crisis. Within this context the aim of this study is to observe in what degree the global sectors are in interaction with each other. The first part of the study is constituted of specifying the sectors that are going to be observed such as agriculture, manufacturing, services and finance. Secondary and quantitative sectoral data of the major world economic powers and Turkey have been collected. In the next step the classified sectoral data for different countries or country groups is compared and analysed to represent the sectoral interaction.
JEL codes: F20
Önden, Ismail, Özer, Bilal, Karaağaç, Alper (2010). "Interrelation Between Sectoral Growth Rates" in Proceedings of International Conference of Eurasian Economies 2010, pp.115-120, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C01.00126
