Analysis of the Relationship between Trade Openness and Economic Growth: The Case of Turkey

Mehmet Vahit Eren and Ayşe Ergi̇n-Ünal

Sosyoekonomi Journal, 2019

Abstract: The aim of this study, the relationship between trade openness and economic growth, is to analyze in terms of econometric by utilizing the annual data of the years 1960-2016 for the Turkish economy. For this purpose, the national income ratio of the sum of exports and imports and the real per capita income variables are used in the analysis. Engle-Granger and Gregory-Hansen cointegration tests and the Toda-Yamamoto Granger causality test were used to analyze the relationship between trade openness and economic growth. The results show that a long-run relationship was not found between the variables, and a unidirectional causality relationship was found from economic growth to trade openness.

Keywords: Trade Openness; Economic Growth; Economic Development; Turkey.Issue:27(39) (search for similar items in EconPapers)
JEL-codes: F10 F40 O40 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:190105

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