International Conference on Eurasian Economies

10-12 July 2017 – Istanbul, TURKEY

Paper detail

Paper ID : 1870
Status : Paper published
Language : English
Topic : International Trade and Globalization
Presenter: Assoc. Prof. Dr. Mesut Savrul
Session : 1A Growth & Development

The Effect of Globalization on Economic Growth: Panel Data Analysis for ASEAN Countries
The Effect of Globalization on Economic Growth: Panel Data Analysis for ASEAN Countries

• Assoc. Prof. Dr. Mesut Savrul (Çanakkale Onsekiz Mart University, Türkiye)
• Prof. Dr. Ahmet İncekara (İstanbul University, Türkiye)

Abstract

Globalization is generally expressed as the integration of countries into the external world in economic, social and political contexts. One of the most important indicators of the level of development of a country is the economic growth performance of the mentioned country. It is therefore important to examine whether the globalization process affects economic growth. Although both the developing countries and the developing ones are deeply affected by the globalization process, it's clearly visible that developing South Asian economies get use of globalization better than many other regions of the world by implementing successful policy planning and policy implementations. In this framework, this study investigates the effect of globalization on economic growth of the member countries of ASEAN. The data used in the study is obtained from globalization index of KOF Swiss Economic Institute and national accounts database of UNCTAD. GDP and three dimensions of globalization variables of the ASEAN countries are evaluated using panel data analysis within the scope of study. The results of the analysis show that globalization has a significant effect on economic growth of the member countries of the ASEAN.

JEL codes: F00, F15, O43

Savrul, Mesut, İncekara, Ahmet (2017). "The Effect of Globalization on Economic Growth: Panel Data Analysis for ASEAN Countries" in Proceedings of International Conference of Eurasian Economies 2017, pp.16-22, Istanbul, TURKEY.

DOI: https://doi.org/10.36880/C08.01870

Full paper in PDF format.

Session 1A: Growth & Development