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

Tekbaş, Murat

doi:10.21547/jss.796472

Cited by 8 publications

(5 citation statements)

References 27 publications

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“…This suggests that, in the immediate term, changes in Nepal's economic growth are likely influencing its degree of globalization. This is consistent with the findings of a study by (Tekbaş 2021;Chang 2010), which indicated a similar pattern in other developing economies, where economic growth often precedes and drives aspects of globalization. There is, however, a bidirectional causal relationship between economic globalization, political globalization, and economic growth, while a unidirectional causality is running from social globalization to economic growth.…”

Section: Resultssupporting

confidence: 92%

“…A symbiotic relationship is implied by the bidirectional causal association among economic, political, and growth globalization. According to Tekbaş 2021, Chang 2010and Radulović 2020, there is a bidirectional causal relationship between economic globalization, political globalization and economic growth. Given the two-way causal relationship between economic globalization and growth, it stands to reason that economic globalization can accelerate economic growth by fostering competition, expanding access to resources, and opening up new markets.…”

Section: Resultsmentioning

confidence: 99%

“…Conversely, Majidi (2017) argues that social and economic globalization have negligible effects on economic growth in developing nations. Tekbaş (2021), however, finds a positive impact of social, economic and political globalization on economic growth in BRICS countries, underscoring the multifaceted nature of the association among social globalization and economic development. According to Todaro and Smith (2003), globalization provides opportunities for addressing global poverty through cultural, social, scientific, and technological interactions, as well as trade and finance.…”

Section: Literature Reviewmentioning

confidence: 99%

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Globalization and Economic Growth in Nepal A VECM Approach

Gurung,

Junjun,

Shrestha

et al. 2023

CRISS

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This study explores globalization's political, social, and economic aspects and its impact on Nepal's economic growth between 1990 and 2020. The study employed sophisticated econometric techniques, first utilizing the Johansen Cointegration and VECM to assess causality among the variables under investigation and the Augmented Dickey-Fuller (ADF) and Phillips Perron (PP) tests to confirm the presence of unit root problems. The ADF and PP test findings showed that every variable is integrated at first difference. One cointegrating vector was found by the Johansen Cointegration test, indicating a significant long run association among the variables. The study discovered a one-way causality between economic growth and political and economic globalization in the short-run analysis. On the other hand, over time, there is a two-way causality between Nepal's economic growth and political and economic globalization while a one-way causal relationship exists between social globalization and economic growth. These results recommended that Nepal's economic growth immediately impacts how it integrates into the global economy in several sectors. Economic and political globalization influences and is influenced by Nepal's economic growth in the short term, indicating a reciprocal link. The study found that there is need for a balanced approach to globalization that fosters economic growth while reducing its negative repercussions. It also stresses how crucial it is for Nepal to actively participate in the political and economic spheres of the world.

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Section: Resultssupporting

confidence: 92%

Section: Resultsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Globalization and Economic Growth in Nepal A VECM Approach

Gurung,

Junjun,

Shrestha

et al. 2023

CRISS

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“…However, Majidi (2017) shows that political globalization affects growth positively in low-middle-income countries but negatively in upper-middle-income countries. Tekbas (2021) supports this finding and indicates that political integration accelerates economic growth in the BRICS-T countries. Moreover, some studies find a positive relationship between political globalization and economic growth (Chang and Lee, 2010;Olimpia and Stela, 2017;Gygli et al, 2019;Hasan, 2019;Nguyen and Le, 2021), while others show that political globalization hinders economic growth (Kilicarslan and Dumrul, 2018;Bataka, 2019).…”

Section: Political Deglobalization and Economic Growthsupporting

confidence: 75%

How Does Deglobalization Affect Economic Growth?

et al. 2023

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The current global landscape has been marked by a series of factors, such as the US-China trade war, disintegration in the European Union (EU), the refugee crisis, and the pandemic, which have impeded the process of globalization. However, similar situations have been experienced in the past, such as colonization, the Great Depression, and the Cold War. The world has experienced periods of globalization (Globalization I, II, and III) as well as periods of deglobalization (Deglobalization I and II). There have been discussions about whether the current decade is experiencing deglobalization and its effects. In this context, the present study aims to investigate the effects of deglobalization on economic growth in 34 OECD countries during the period 2000-2019, in various dimensions. Using panel data analysis, the results indicate that trade and social deglobalization have a negative impact on economic growth, while financial deglobalization and the subdimensions of social deglobalization have a positive influence on growth. Additionally, the study reveals that political globalization is not significantly associated with economic growth. These findings contribute to the ongoing debate on the current state of globalization and its effects on economic development.

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“…BRICS-T ülkeleri 7,6 milyar olan dünya nüfusunun %45'inden fazlasını kapsamaktadır. Ayrıca 2019 yılında yaklaşık 19 trilyon dolar olan BRICS-T ülkelerinin dünya ticaretindeki %20'lik payı, ile geniş bir pazara ve dev bir potansiyele sahip bu ülkelerin dünya ekonomisi için önemli ülkeler olduğunu göstermektedir (Tekbaş, 2021:59-60, Li, 2019. Bu bağlamda dünyada nüfus ve ekonomi üzerinde bu kadar önemli etkiye sahip olan BRICS-T ülkeleri için nüfus artışının ekonomik büyüme üzerindeki etkisi 1990-2019 dönemlerine ait veriler ile araştırılmak istenmektedir.…”

Section: Introductionunclassified

Взаимосвязь Роста Населения И Развития Стран Брикс-Т Анализ Соинтеграции Структурных Разрывов

Konat

Fendoğlu

2021

Karadeniz Uluslararası Bilimsel Dergi

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Dünya nüfusu özellikle 1950'li yıllardan sonra hızla artmaya başlamıştır. Nüfus artışında doğum, ölüm oranları ve göç oranları temel itici güçlerdir. Nüfus artışı, ülkenin ekonomik kalkınmasında çok önemli bir rol oynamaktadır. Nüfus artış hızının ekonomik kalkınma üzerindeki etkisi, tartışmalı ampirik çalışmaların konusu olmuştur. Araştırmacılar, nüfus artışının ekonomik kalkınma üzerinde pozitif etkisi olabileceği gibi negatif etkilerinin de olabileceğini savunmuşlardır. BRICS-T (Brezilya, Rusya, Hindistan, Çin, Güney Afrika ve Türkiye) ülke grubu, son yıllarda yüksek büyüme hızı, artan ihracatı ve milli geliri, bol doğal kaynakları, jeopolitik konumu, lojistik olanakları ve gelişme potansiyeli olan ülkelere ev sahipliği yapması nedeniyle büyük önem taşımaktadır. Bu çalışmada dünya nüfusunun neredeyse yarısına sahip olan ve yükselen ekonomileri ile dikkat çeken BRICS-T ülkeleri için kalkınma ve nüfus artış hızı arasındaki ilişki araştırılmaktadır. Bu amaçla Birleşmiş Milletler Geliştirme Programı resmi veri tabanından insani gelişme endeksi verisi ile Dünya Bankası resmi veri tabanından yıllık nüfus artış hızı verisi kullanılmış olup 1990-2019 dönemini kapsamaktadır. Çoklu yapısal kırılmaları dikkate alan panel veri analiz yöntemlerinden faydalanılmıştır. Bunun için öncelikle iki değişkene 5 yapısal kırılmaya kadar izin veren Carrion-i Silvestre vd. ( 2005) tarafından önerilen kırılmalı panel birim kök testi uygulanmıştır. Ardından yapısal kırılmaları dikkate alan ve Banerjee ve Carrion-i Silvestre (2015) tarafından literatüre kazandırılan yapısal kırılmalı panel eşbütünleşme analizi gerçekleştirilmiştir. Elde edilen sonuçlar neticesinde iki değişken arasında uzun dönemli bir ilişkinin olduğu görülmektedir.

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

Cited by 8 publications

References 27 publications

Globalization and Economic Growth in Nepal A VECM Approach

Globalization and Economic Growth in Nepal A VECM Approach

How Does Deglobalization Affect Economic Growth?

Взаимосвязь Роста Населения И Развития Стран Брикс-Т Анализ Соинтеграции Структурных Разрывов

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