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Research on Business

Hasan Arslan, Mehmet Ali Içbay, Rasim Yılmaz and Günther Löschnigg

This book presents a collection of papers written by researchers, teachers, administrators, analysts and graduate students working and doing research in the field of social sciences. The scientific studies include a wide range of topics from the analysis of social science textbooks to the teacher image in newspapers, the relationship between self-efficacy and cognitive level and the role of organizational silence on the loneliness of academics in work life.

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The Effect of Financial and Trade Openness on Economic Growth in Turkey



Abstract In this study, the effect of financial and trade openness on economic growth for the period of 1992 Q1-2012 Q3 on the Turkish economy was examined. For this purpose, the Dickey-Fuller (1979) and Phillips-Perron (1988) traditional unit root tests were applied. In order to demonstrate the structural breaks in variables, the Zivot-Andrews test (1992) that takes into account only internal breaks and the Lee-Strazizich test (20003–2004) that takes into account double internal breaks were used. In order to identify causality relationships between variables, the Vector Autoregressive method developed by Sims (1980) was used, and to bring out the causality in the frequency domain, the causality test developed by Breitung and Candelon (2006) was applied. According to the results, a causality relationship was observed in the short and medium term while no relationship was encountered in the long term.

Keywords: Trade Openness, Financial Openness, Economic Growth, Causality

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