FACTORS AFFECTING GLOBALIZATION: AN APPLICATION ON FRAGILE FIVE COUNTRIES
Küçük Resim Yok
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Globalization is a term that includes many aspects of political,economic, cultural and social. It is used to express change under differentheadings and interactions. This change, which has to be kept up by thecountries in the new world order, causes the need for globalization toincrease. Technological advances help the integration of innovative ideasand new production techniques between countries. As a result, newglobal economic and social structures are emerging around the world.Globalization causes connections between societies and labor, capitaland market structures to reach an international dimension. The valuejudgments and characteristics of societies can adapt to each other withglobalization and contribute to the development of social interactionbetween countries. In this study, the effects of carbon dioxide emission,foreign trade, energy, inflation, political stability and local credits onglobalization were tested by panel data analysis for fragile five countriesin the period 2000-2017. The financial, environmental, political andeconomic aspects of globalization are discussed within the scope of theanalysis. The causal tests between negative and positive shocks andhidden cohesion test were performed. According to the results, there is alon-term relationship between globalization and Co2, inflation, foreigntrade, local credits, political stability and energy shocks both in positiveand negative shocks in fragile five countries. In addition, as a result ofcausality among negative shocks, there are two-way causality betweenglobalization and Co2 variables, and between globalization and foreigntrade variables, these is one-way causality from inflation to globalization, from globalization to local credits, political stability and energy; As aresult of the causality between positive shocks, two-way causality findingwas obtained between globalization and local credit variables, there isone-way causality from Co2, inflation and energy variables toglobalization and from globalization to political stability.
Açıklama
Anahtar Kelimeler
İktisat, İşletme Finans
Kaynak
Turkish Studies - Social Sciences
WoS Q Değeri
Scopus Q Değeri
Cilt
14
Sayı
6
