ASYMMETRIC SHORT-RUN AND LONG-RUN IMPACT OF ECONOMIC GLOBALIZATION ON CROP PRODUCTION IN TURKIYE

KOYUNCU C., Unver M., Kaya M. V.

Romanian Agricultural Research, cilt.2023, sa.40, ss.687-700, 2023 (SCI-Expanded) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 2023 Sayı: 40
  • Basım Tarihi: 2023
  • Dergi Adı: Romanian Agricultural Research
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, CAB Abstracts, Veterinary Science Database
  • Sayfa Sayıları: ss.687-700
  • Anahtar Kelimeler: ARDL, asymmetric co-integration, crop production, economic globalization, NARDL
  • Ankara Hacı Bayram Veli Üniversitesi Adresli: Hayır

Özet

This study explores short-run and long-run relationship between economic globalization and crop production in Turkiye by utilizing linear and nonlinear ARDL models for two distinct indicators of crop production. Based on linear and nonlinear ARDL bound tests, the relevant variables are co-integrated and hence they move together in the long run. Economic globalization and crop production possess statistically significant positive association in the long run in linear ARDL models. On the other hand, short-run and long-run symmetry test results disclose that the relationship of economic globalization and crop production in the short-run and long-run is asymmetric. According to the estimation findings, positive and negative changes in economic globalization augment crop production. Meanwhile several tests were conducted to check the statistical validity and robustness of our findings. The results of those diagnostic tests show that neither linear ARDL models nor nonlinear ARDL models incorporate problems in the sense of non-normality, autocorrelation, heteroskedasticity, model misspecification, and parameter instability.