@article{(Open Science Index):https://publications.waset.org/pdf/10002669, title = {Trade Policy and Economic Growth of Turkey in Global Economy: New Empirical Evidences}, author = {Pınar Yardımcı}, country = {}, institution = {}, abstract = {This paper tries to answer to the questions whether or not trade openness causes economic growth and trade policy changes are good for Turkey as a developing country in global economy before and after 1980. We employ Johansen co-integration and Granger causality tests with error correction modeling based on vector autoregressive. Using WDI data from the pre-1980 and the post-1980, we find that trade openness and economic growth are cointegrated in the second term only. Also the results suggest a lack of long-run causality between our two variables. These findings may imply that trade policy of Turkey should concentrate more on extra complementary economic reforms.}, journal = {International Journal of Economics and Management Engineering}, volume = {9}, number = {10}, year = {2015}, pages = {3499 - 3504}, ee = {https://publications.waset.org/pdf/10002669}, url = {https://publications.waset.org/vol/106}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 106, 2015}, }