Is the Romer Hypothesis valid for Newly Industrialized Countries? Evidence from panel ARDL

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dc.authoridERDEMLI, MUHYETTIN/0000-0002-1331-2922
dc.contributor.authorCelik, Huseyin
dc.contributor.authorAlev, Nigar
dc.contributor.authorErdemli, Muhyettin
dc.date.accessioned2025-02-22T14:08:45Z
dc.date.available2025-02-22T14:08:45Z
dc.date.issued2024
dc.departmentDicle Üniversitesien_US
dc.description.abstractPurpose & horbar; This study investigates the effect of trade openness on inflation, referred to as the Romer hypothesis, for Newly Industrialized Countries (NICs) from 1990 to 2022. Methods & horbar; It uses a panel ARDL method and the Dumitrescu-Hurlin (2012) causality test. Economic growth, credit, and money supply are included in the model as independent variables. Findings & horbar; The findings reveal no statistically significant long-term and short-term relationships between trade openness and inflation. However, money supply has statistically significant positive effects on inflation in the long run, while economic growth and credit exhibit no statistically significant impact. In the short run, money supply and economic growth reduced inflation. According to the Dumitrescu-Hurlin (2012) panel causality test, a bidirectional relationship exists between inflation and economic growth, money supply, and credit, while a unidirectional relationship is observed between inflation and trade openness. Implications & horbar; Reducing the external dependency of sectors that rely on imported inputs is necessary to mitigate the adverse effects of trade openness on inflation in NICs. It is crucial to ensure that monetary policy helps align money supply and credit expansions with real sector trends. Originality & horbar; This research is pioneering in its focus on testing the Romer hypothesis for Newly Industrialized Countries (NICs).en_US
dc.identifier.doi10.20885/ejem.vol16.iss2.art3
dc.identifier.endpage135en_US
dc.identifier.issn2086-3128
dc.identifier.issn2502-180X
dc.identifier.issue2en_US
dc.identifier.startpage124en_US
dc.identifier.urihttps://doi.org/10.20885/ejem.vol16.iss2.art3
dc.identifier.urihttps://hdl.handle.net/11468/29617
dc.identifier.volume16en_US
dc.identifier.wosWOS:001351540100002
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isoenen_US
dc.publisherUniv Islam Indonesiaen_US
dc.relation.ispartofEconomic Journal of Emerging Marketsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmzKA_WOS_20250222
dc.subjectRomer Hypothesisen_US
dc.subjectTrade opennessen_US
dc.subjectPanel ARDLen_US
dc.subjectNew industrialization countriesen_US
dc.titleIs the Romer Hypothesis valid for Newly Industrialized Countries? Evidence from panel ARDLen_US
dc.typeArticleen_US

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