EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS

This study aims to determine whether globalization affects economic growth in Euro Area countries or not and the direction of the affect. The data used are annually and cover the period from 2000 to 2017. In the study, economic growth which is the dependent variable represents the annual GDP growth rate, and globalization which is the independent variable represents KOF globalization. Variables other than globalization that affect economic growth are included in the model as instrumental variables. These instrumental variables are labour force participation rate, foreign direct investments, external balance of goods and services and gross fixed capital formation. Eberhardt and Teal’s (2012) Augmented Mean Group Estimator (AMG) was conducted to foresee long-term coefficients. Consequently, globalization has not same effects on economic growth in each euro area country. Globalization has increasing effects on the economic growth in Italy, Portugal, Slovenia, and Spain but decreasing effect in Ireland, Lithuania and Luxembourg.

EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS

This study aims to determine whether globalization affects economic growth in Euro Area countries or not and the direction of the affect. The data used are annually and cover the period from 2000 to 2017. In the study, economic growth which is the dependent variable represents the annual GDP growth rate, and globalization which is the independent variable represents KOF globalization. Variables other than globalization that affect economic growth are included in the model as instrumental variables. These instrumental variables are labour force participation rate, foreign direct investments, external balance of goods and services and gross fixed capital formation. Eberhardt and Teal’s (2012) Augmented Mean Group Estimator (AMG) was conducted to foresee long-term coefficients. Consequently, globalization has not same effects on economic growth in each euro area country. Globalization has increasing effects on the economic growth in Italy, Portugal, Slovenia, and Spain but decreasing effect in Ireland, Lithuania and Luxembourg.

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Bibtex @araştırma makalesi { emid1111894, journal = {Ekonomi Maliye İşletme Dergisi}, eissn = {2667-4378}, address = {}, publisher = {Adil AKINCI}, year = {2022}, volume = {5}, number = {1}, pages = {118 - 129}, doi = {10.46737/emid.1111894}, title = {EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS}, key = {cite}, author = {Kabakçı Günay, Eylül and Sülün, Dilara} }
APA Kabakçı Günay, E. & Sülün, D. (2022). EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS . Ekonomi Maliye İşletme Dergisi , 5 (1) , 118-129 . DOI: 10.46737/emid.1111894
MLA Kabakçı Günay, E. , Sülün, D. "EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS" . Ekonomi Maliye İşletme Dergisi 5 (2022 ): 118-129 <
Chicago Kabakçı Günay, E. , Sülün, D. "EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS". Ekonomi Maliye İşletme Dergisi 5 (2022 ): 118-129
RIS TY - JOUR T1 - EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS AU - EylülKabakçı Günay, DilaraSülün Y1 - 2022 PY - 2022 N1 - doi: 10.46737/emid.1111894 DO - 10.46737/emid.1111894 T2 - Ekonomi Maliye İşletme Dergisi JF - Journal JO - JOR SP - 118 EP - 129 VL - 5 IS - 1 SN - -2667-4378 M3 - doi: 10.46737/emid.1111894 UR - Y2 - 2022 ER -
EndNote %0 Ekonomi Maliye İşletme Dergisi EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS %A Eylül Kabakçı Günay , Dilara Sülün %T EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS %D 2022 %J Ekonomi Maliye İşletme Dergisi %P -2667-4378 %V 5 %N 1 %R doi: 10.46737/emid.1111894 %U 10.46737/emid.1111894
ISNAD Kabakçı Günay, Eylül , Sülün, Dilara . "EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS". Ekonomi Maliye İşletme Dergisi 5 / 1 (Haziran 2022): 118-129 .
AMA Kabakçı Günay E. , Sülün D. EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS. Ekonomi Maliye İşletme Dergisi. 2022; 5(1): 118-129.
Vancouver Kabakçı Günay E. , Sülün D. EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS. Ekonomi Maliye İşletme Dergisi. 2022; 5(1): 118-129.
IEEE E. Kabakçı Günay ve D. Sülün , "EVALUATION OF THE EFFECT OF GLOBALIZATION ON THE EURO AREA COUNTRIES’ ECONOMIC GROWTH WITH PANEL DATA ANALYSIS", , c. 5, sayı. 1, ss. 118-129, Haz. 2022, doi:10.46737/emid.1111894