International Congress on Eurasian Economies
15-17 May 2025 – Konya - TURKEY
Paper properties
Paper ID : 2600
Status : Paper submitted to journal
Language : Turkish
Topic : International Trade and Globalization
Presenter: Ph.D. candidate Ali Talih Süt
Session : 2B Uluslararası Ticaret
The Effects of Financial Development and International Trade on Economic Growth in Fragile Five Countries: Panel ARDL Analysis
Kırılgan Beşli Ülkelerinde Finansal gelişme ve uluslararası ticaretin büyüme üzerindeki etkileri: Panel ARDL Analizi
- Prof. Dr. Özgür Ömer Ersin (Istanbul Commerce University, Türkiye)
- Ph.D. candidate Ali Talih Süt (Istanbul Beykent University, Türkiye)
Abstract
Financial markets and institutions in developing countries have a significant impact on economies, especially in recent years, when economic interaction between countries has increased. These effects can be positive, as well as negative consequences. The fragile fives are developing countries that are significantly affected economically by short-and long-term foreign investment along with international trade. The aim of this study is to examine the impact of financial development and international trade on economic growth in the fragile five countries in the period 1983-2018. The data is taken annually in a group of five countries identified by Morgan Stanley Bank report in 2013, including Brazil, India, Indonesia, South Africa and Turkey. In this study, long-term relationships between variables were analyzed by the panel ARDL method. According to the findings of the study, there is a negative relationship between financial development and growth. In addition, foreign trade has a positive impact on growth.
JEL codes: E44, O10, P45
Session 2B: Uluslararası Ticaret
