The Effects of Geopolitical Uncertainties on Growth: Econometric Analysis on Selected Turkic Republican Countries and Neighboring States

Halil İbrahim Aydin, Aniela Bălăcescu () and Genu Alexandru Căruntu
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Halil İbrahim Aydin: Department of Economics, Batman University, 72100 Batman, Türkiye
Aniela Bălăcescu: Faculty of Economic Sciences, “Constantin Brâncuși” University of Targu Jiu, 210135 Târgu Jiu, Romania
Genu Alexandru Căruntu: Faculty of Economic Sciences, “Constantin Brâncuși” University of Targu Jiu, 210135 Târgu Jiu, Romania

Economies, 2025, vol. 13, issue 3, 1-16

Abstract: The paper aims to analyze the effect of geopolitical uncertainties on growth in the countries of selected Turkic republics and neighboring states which are experiencing geopolitical uncertainty, especially regarding their position in the global economy. This study investigates how uncertainties quantified by geopolitical risk indices for the global economy (GE), the United States (US), and the Russian Federation (RS) influence the economic growth of the Turkic republics and neighboring states which implement open macroeconomic policies. This analysis employs panel data techniques that consider the interdependence between cross-sectional units. The selected countries included in the study are Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Turkmenistan, Mongolia, and Uzbekistan. The results show the existence of constricting effects on the economic growth performance of selected countries.

Keywords: geopolitical uncertainties; economic growth; panel NARDL; Turkic republics and neighboring states (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2025
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