Ana yönlendirme menüsünü atla Ana içeriği atla Site alt kısmını atla

Terörizm ve Makro Ekonomik Değişkenler Arasındaki İlişki: Türkiye'de Özellikle Ham Petrol İthalatı ve Doğal Gaz ile İlişkisi

Cilt 5 Sayı 14 kapak

Abstract

Relationship Between Terrorism and Macroeconomic Variables: Especially Import of Crude Oil and Natural Gas in Turkey

The main purpose of this study is to observe the interaction between terrorism and energy— crude oil and natural gas import—in Turkey. It also observes the linkage between terrorism and other macroeconomic variables: exchange rate, gross domestic product, foreign direct investment, interest rate and inflation rate. Here, the study considers a time series data of macroeconomic variables’ growth rate which is calculated by using natural log formula. Besides, it runs correlation and scatterplot to find out the connection between variables using terrorism as an independent and macroeconomic factors as dependent variables. The study result shows that terrorism is positively correlated with the import of crude oil and natural gas though it is statistically insignificant. In addition, it also demonstrates the correlation between terrorism and other macroeconomic variables. Needless to say, these results will help the foreign and domestic investors to get an idea about the relationship between terrorism and macroeconomic variables in Turkey during 2003 to 2015. However, it is noticeable that consideration of refugee crisis and neighbor countries’ political instability could have changed the findings of the study.

Keywords Terrorism, Global Terrorism Index (GTI), Turkey’s economic growth

Öz

Bu çalışmanın temel amacı, Türkiye'de terörizm ile enerji-ham petrol ve doğal gaz ithalatının etkileşimini gözlemlemektir. Çalışma aynı zamanda terörizm ile diğer makroekonomik değişkenler arasındaki bağlantıyı da gözlemlemeyi amaçlamaktadır: döviz kuru, gayri safi yurtiçi hasıla, doğrudan yabancı yatırım, faiz oranı ve enflasyon oranı. Burada, çalışma, doğal log formülü kullanılarak hesaplanan makroekonomik değişkenlerin büyüme hızının bir zaman serisi verisini değerlendirmektedir. Ayrıca terörizmi bağımsız değişken ve makroekonomik faktörleri bağımlı değişkenler olarak kullanarak ikisi arasındaki bağlantıyı bulmak için korelasyon ve scatterplot kullanmaktadır. Çalışma sonucunda, terörizmin ham petrol ve doğal gaz ithalatıyla pozitif yönde ilişkili olduğu, ancak istatistiksel olarak önemsiz olduğu görülmektedir. İlave olarak terörizm ile diğer makroekonomik değişkenler arasındaki korelasyonu da göstermektedir. Şüphesiz bu sonuçlar, yerli ve yabancı yatırımcıların Türkiye'de 2003 ve 2015 yılları arasında terörizm ile makroekonomik değişkenler arasındaki ilişki hakkında fikir sahibi olmalarına yardımcı olacaktır. Ancak mülteci krizinin ve komşu ülkelerin siyasi istikrarsızlığının dikkate alınmasının, araştırmanın bulgularını değiştirmiş-etkilemiş olabileceği farkedilebilir.

Anahtar Kelimeler Terörizm, Küresel Terörizm İndeksi (GTI), Türkiye'nin ekonomik büyümesi

PDF

Kaynakça

  1. Araz‐Takay, B., Arin, K. P., &Omay, T. (2009). The endogenous and non‐linear relationship between terrorism and economic performance: Turkish evidence. Defence and Peace Economics, 20(1), 1-10. DOI: https://doi.org/10.1080/10242690701775509
  2. Arslan. R. Turkey's Geopolitical and geostrategical importance for the EU. Retrieved from: https://www.academia.edu/10933527/Turkeys_Geopolitical_and_geostrategical_importance_for_the_EU
  3. Bilgel, F., &Karahasan, B. C. (2015). The Economic Costs of Separatist Terrorism in Turkey. Journal of Conflict Resolution, 0022002715576572
  4. Drakos, K., & Kutan, A. M. (2003). Regional effects of terrorism on tourism in three Mediterranean countries. Journal of Conflict Resolution, 47(5), 621-641. DOI: https://doi.org/10.1177/0022002703258198
  5. Estrada, et al. (2015). The economic impact of terrorism: A new model and its application to Pakistan. Journal of Policy Modeling, 37 (2015) 1065–1080. DOI: https://doi.org/10.1016/j.jpolmod.2015.08.004
  6. Harberger, A. (2004). “Economic Adjustment and the Real Exchange Rate”, in S. Edwards and L.Ahamed (eds.), “Economic Adjustment Exchange Rates in Developing Countries”, University of Chicago Press, 10, 308-321.
  7. Husain, A.M., Mody, A., Rogoff, K.S. (2004). “Exchange Rate Regime Durability and Performance in Developing Versus Advanced Economies”, Journal of Monetary Economics, 52(1), 35-64. DOI: https://doi.org/10.1016/j.jmoneco.2004.07.001
  8. Kemal, M.A. &Qadir, U. (2005). Real Exchange Rate, Exports, and Imports Movements: A Trivariate Analysis. The Pakistan Development Review 44: 2 (Summer 2005) pp. 177–195. DOI: https://doi.org/10.30541/v44i2pp.177-195
  9. Mirchandani, A. (2013). Analysis of Macroeconomic Determinants of Exchange Rate Volatility in India. International Journal of Economics and Financial Issues. Vol. 3, No. 1, 2013, pp.172-179.
  10. Obstfeld, M., Melitz, M.J. & Krugman, P. (2014). International Finance: Theory and Policy (10th edition). London-Pearson.
  11. Öcal, N., &Yildirim, J. (2010). Regional effects of terrorism on economic growth in Turkey: A geographically weighted regression approach. Journal of Peace Research. DOI: https://doi.org/10.1177/0022343310364576
  12. Qaiser, I., Sohail, N., Liaqat, M., &Mumtaz, A. Impact of Terrorism on Forex Market and Karachi Stock Exchange: Evidence from Pakistan.
  13. Ramasamy, R. & Abar, S.K. (2015). Influence of Macroeconomic Variables on Exchange Rates. Journal of Economics, Business and Management, Vol. 3, No. 2. DOI: https://doi.org/10.7763/JOEBM.2015.V3.194
  14. Sadewa, P.Y. (2000). The impact of exchange rate on foreign direct investment. Purdue University Press Journal.
  15. Sandler, T., & Enders, W. (2008). Economic consequences of terrorism in developed and developing countries. Terrorism, economic development, and political openness, 17. DOI: https://doi.org/10.1017/CBO9780511754388.002
  16. Shahbaz, Muhammad. "Linkages between inflation, economic growth and terrorism in Pakistan." Economic Modelling 32 (2013): 496-506. DOI: https://doi.org/10.1016/j.econmod.2013.02.014
  17. Shaffer, B. (2006). Turkey’s energy policies in a tight global energy market. Insight Turkey, 8(2), 97-104.
  18. Simon W.L.S. (1997). “Is There Life Outside the ERM? An Evaluation of the Effects of Sterling's Devaluation on the UK Economy”, International Journal of Finance and Economics, 2,199-216. DOI: https://doi.org/10.1002/(SICI)1099-1158(199707)2:3<199::AID-IJFE45>3.0.CO;2-8
  19. Srivastava. M. (2016). Syrian refugee entrepreneurs boost Turkey’s economy. Financial Times
  20. U.S. Department of State. (1997, August 10). Foreign Terrorist Organizations. Retrieved from the U. S. Department of State website: http://www.state.gov/j/ct/rls/other/des/123085.htm
  21. Waxman, D. (2011). Living with terror, not living in terror: the impact of chronic terrorism on Israeli society. Perspectives on Terrorism, 5(5-6).
  22. Williams, Y. Scatterplot and Correlation: Definition, Example & Analysis. Retrieved from the Study.com website: http://study.com/academy/lesson/scatter-plot-and-correlation-definition-example-analysis.html#transcriptHeader
  23. Yaya, M. E. (2009). Terrorism and tourism: the case of Turkey. Defence and Peace Economics, 20(6), 477-497. DOI: https://doi.org/10.1080/10242690903105414
  24. Yuan, L.F. &Guo, S.J. (2013). The Empirical Research of the Impact of GDP and Exchange Rate on Foreign Exchange Reserve Scale in China-Based on Quantile Regression Model. Research Journal of Applied Sciences, Engineering and Technology. 5(6): 2113-2117, 2013. DOI: https://doi.org/10.19026/rjaset.5.4758