KÜRESELLEŞME SÜRECİNDE DIŞ BORÇLARIN DIŞ TİCARET ÜZERİNE ETKİSİ : TÜRKİYE ÖRNEĞİ
THE EFFECT OF EXTERNAL DEBT ON FOREIGN TRADE IN THE GLOBALIZATION PROCESS: THE CASE OF TURKEY
Author(s): Zeki Akbakay, Mehmet Barış AslanSubject(s): National Economy, Economic history, Economic policy, International relations/trade, Economic development, Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Present Times (2010 - today), Globalization
Published by: Bingöl Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: Foreign Trade; Foreign Debt; Foreign Direct Investments;
Summary/Abstract: International capital flows, which have increased with globalization, have brought with itself many opportunities for developing countries that cannot realize their economic development through their own capital accumulations. The most important of these opportunities is external borrowing. The acceptance of foreign borrowings as an opportunity is in line with the use of such resources in expenditures for economic growth. Based on this, the study focused on the effects of foreign borrowing on foreign trade in Turkey, one of the countries that adopted an export-based growth strategy since the 1980s. Annual data between 1980 and 2018 years were used in the empirical study in which time series econometric method was used. The results showed that Turkey's foreign debt had a positive and statistically significant impact on both imports and exports of the country. Foreign direct investment inflows included in the study as control variables had no statistically significant effect on foreign trade.
Journal: Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi (BUSBED)
- Issue Year: 10/2020
- Issue No: 19
- Page Range: 311-326
- Page Count: 16
- Language: Turkish