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

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.