Abstract
Abstract. As the degree of globalization of a country increases, the volume of external trade (i.e., exports and imports) of that country rises as well. In order to check the validity of this association, in this study I investigate cointegrating and causality relationship between globalization and exports in Turkey by using a time series sample containing period of 1970- 2014. In the analysis stage I firstly check if the series are stationarity or not and after that I perform ARDL boundary test to find out whether series of globalization and exports have a long run association. Following the cointegration test, I estimate both short and long run coefficients of the variables by utilizing an error corrected form of ARDL Model. Finally, I conduct a causality test to see the existence and direction of causality among variables. Empirical estimation results hint that series of globalization and exports are cointegrated and therefore they move together in long run. Also a long run but not a short run relationship between the series is identified. As to causality results, it is found that there is a unidirectional causality running from exports to globalization.
Keywords. Globalization, Exports, Co-integration, Stationarity, ARDL Model.
JEL. C32, O47, F62.References
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