THE RELATIONSHIP BETWEEN GLOBAL ECONOMIC INTEGRATION, HUMAN CAPITAL INVESTMENTS AND CORRUPTION IN TURKIC STATES

Abstract

Globalization is a phenomenon that affects the whole world through political, economic and cultural integration on an international scale. Nowadays, the importance of globalization increases as the impact areas increase. The positive and negative aspects of globalization are still being debated. Globalization, which has a wide range, has its effect in many areas from technology to our thinking. Therefore, the study deals with the economic impact areas of globalization. The aim of this study is to examine the effects of human capital investment and corruption in the context of econometric analysis in the global economic integration process. Selected 5 Turkic States (Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkey) for the 1995-2017 period is analyzed using the panel data method. Data are collected annually from the World Bank, Transparency International, Organisation for Economic Cooperation and Development (OECD) and the Heritage Foundation. According to Panel FMOLS (Fully Modified Least Squares Method) test, human capital investments, economic freedom and corruption positively affect global economic integration; One unit increase in labor and population negatively affected global economic integration. It is thought that the policies to be followed in the light of these findings will ensure the effectiveness of the economies of the relevant countries.