Does Globalization Promote or Hinder Sustainable Development? Evidence from Turkiye on the Three Dimensions of Globalization

TL;DR

This paper investigates how different dimensions of globalization—economic, social, and political—affect sustainable development in Turkiye from 2000 to 2021, revealing mostly positive long-term impacts.

Contribution

It provides empirical evidence on the distinct effects of globalization dimensions on sustainable development in Turkiye using ARDL analysis.

Findings

Economic globalization positively affects sustainable development in both short and long term.

Social globalization has a negative short-term impact but a positive long-term effect.

Political globalization significantly supports sustainable development, especially in the long run.

Abstract

This study analyzes the impact of globalization on sustainable development in Turkiye. We used the ARDL method with annual data for the period 2000-2021. Results reveal that economic globalization promotes positively to sustainable development in the short run with a coefficient of 0.144 and in the long run with a 0.153 coefficient. Although social globalization has a negative impact with a coefficient of -0.150 in the short run, this effect turns positive with a coefficient of 0.080 in the long run. Political globalization strongly supports sustainable development with a coefficient of 0.254 in the short run and 2.634 in the long run. Finally, total globalization has a positive impact on sustainable development in the short and long run with coefficients of 0.339 and 0.196, respectively.