THE RELATIONSHIP OF INFORMATION COMMUNICATIONS, TECHNOLOGIES AND TRADE LIBERATION AND ECONOMIC GROWTH: THE CASE OF EMERGING MARKET ECONOMIES

Year 2023, Volume: 24 Issue: 2, 191 - 208, 29.06.2023

Hüseyin Çelik , Hasan Memiş

https://doi.org/10.53443/anadoluibfd.1148043

Abstract

Today, the importance of technology and international trade in terms of national economies is increasing day by day. It is an important issue to benefit from the technological developments at a sufficient level and to increase the export volume by producing according to foreign demand for export. So, the aim of this study is to investigate the effects of information communication technologies and trade liberalization on economic growth. The study was conducted for Emerging Market Economies and covers the years 1990-2020. In empirical analysis we used the PANIC unit root test, ECM cointegration test, AMG coefficient estimator, Emirmahmutoğlu & Köse panel causality test. A cointegration relationship has been obtained between the series that are stationary at order I(1). In the long run, it has been seen that information and communication technologies have positively the effect on economic growth, and trade liberalization has a negative effect. In addition, a bidirectional causality relationship was obtained between the variables in the panel causality results.

Keywords

ICT, Trade Liberation, PANIC, ECM Cointegration

BİLGİ İLETİŞİM TEKNOLOJİLERİ, TİCARİ SERBESTLEŞME VE EKONOMİK BÜYÜME İLİŞKİSİ: YÜKSELEN PİYASA EKONOMİLERİ ÖRNEĞİ

Abstract

Günümüzde ülke ekonomileri açısından teknoloji ve uluslararası ticaretin önemi her geçen gün artmaktadır. Teknolojik gelişmelerden yeteri düzeyde faydalanmak, uluslararası piyasalarda rekabet gücü elde etmek ve ihracat hacmini arttırmak son derece önemlidir. Buradan hareketle bu çalışmanın amacı da bilgi iletişim teknolojileri ve ticari serbestleşmenin ekonomik büyüme üzerindeki etkilerini araştırmaktır. Çalışma Yükselen Piyasa Ekonomileri için gerçekleştirilmiş olup 1990-2020 yıllarını kapsamaktadır. Ampirik analizlerde PANIC birim kök testi, ECM eşbütünleşme testi, AMG katsayı tahmincisi, Emirmahmutoğlu & Köse panel nedensellik testinden yararlanılmıştır. I(1) mertebesinden durağan olan seriler arasında eşbütünleşme ilişkisi elde edilmiştir. Uzun dönemde bilgi iletişim teknolojilerinin ekonomik büyümeyi pozitif, ticari serbestleşmenin negatif etkilediği görülmüştür. Ayrıca panel nedensellik sonuçlarında değişkenler arasında çift yönlü nedensellik ilişkisi elde edilmiştir.

Keywords

BİT, Ticari Serbestleşme, PANIC, ECM Eşbütünleşme

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