International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1732
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Asst. Prof. Dr. Hakan Acaroğlu
Session : 2E Büyüme II
Measuring the Effect of Globalization Level to Economic Growth for Turkey in the Duration of Integration to the Global Economy, 1961-2013
Küresel Ekonomiye Entegrasyon Süreçlerinde Türkiye İçin Küreselleşme Derecesinin Büyümeye Etkisinin Ölçülmesi, 1961-2013
- Asst. Prof. Dr. Hakan Acaroğlu (Eskişehir Osmangazi University, Türkiye)
- Assoc. Prof. Dr. Zeki Kartal (Eskisehir Osmangazi University, Türkiye)
Abstract
The economic problems due to foreign trade and foreign direct investments are recently solved in the frame of global economy. This study surveys the effects of globalization to the economic growth in Turkey in the period 1961-2013 by the channels of the trade openness (OPENNESS) and foreign direct investments (FDIs) by using annual time series data. The data are obtained from Penn World Tables and World Development Indicators (2014 for Turkey). It is found with setting up the econometric model that, the trade openness is positively affecting the investment level and economic growth in the long term. On the other hand, the results of the applied economy policies are affecting the trade openness and economic growth significantly and positively. Those findings tell that Turkey is a successful actor of globalization process. In addition to this, what the economic policies that Turkey needs to do for a sustainable economic growth are emphasized in the study.
JEL codes: O11, O40
Acaroğlu, Hakan, Kartal, Zeki (2016). "Measuring the Effect of Globalization Level to Economic Growth for Turkey in the Duration of Integration to the Global Economy, 1961-2013" in Proceedings of International Conference of Eurasian Economies 2016, pp.801-808, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01732
