Globalisation, Financialisation and Endogenous Thresholds for Premature Deindustrialisation

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dc.authoridTasdemir, Fatma/0000-0001-8706-7942
dc.authoridOzmen, Erdal/0000-0002-9333-8339
dc.contributor.authorOzcelik, Seda Ekmen
dc.contributor.authorOzmen, Erdal
dc.contributor.authorTasdemir, Fatma
dc.date.accessioned2025-03-23T19:47:10Z
dc.date.available2025-03-23T19:47:10Z
dc.date.issued2024
dc.departmentSinop Üniversitesi
dc.description.abstractWe investigate the pattern and determinants of premature deindustrialisation (PD) for a large panel of advanced, emerging and developing economies. We consider the impacts of international financial integration (de facto financial globalisation), capital account openness (de jure financial globalisation) and financialisation which are often neglected by the literature along with the conventional determinants of industrialisation. The recent literature often employs conventional fixed-effects panel data estimation procedures to estimate and test the postulated inverted-U relationship between manufacturing value-added share in GDP and real income. We employ non-parametric kernel regression to identify the pattern between these variables. In addition, this study analyses the determinants of industrialisation not only by employing the generalised method of moments procedure but also the recent methods allowing to estimate endogenous thresholds. In this context, we also examine whether income and globalisation provide endogenous thresholds for the effect of income on the processes of industrialisation and PD for our samples.
dc.identifier.doi10.1002/ijfe.3070
dc.identifier.issn1076-9307
dc.identifier.issn1099-1158
dc.identifier.scopus2-s2.0-85208579825
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1002/ijfe.3070
dc.identifier.urihttps://hdl.handle.net/11486/7300
dc.identifier.wosWOS:001354647500001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofInternational Journal of Finance & Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250323
dc.subjectfinancialisation
dc.subjectglobalisation
dc.subjectgrowth
dc.subjectmanufacturing industry
dc.subjectpremature deindustrialisation
dc.subjecttrade openness
dc.titleGlobalisation, Financialisation and Endogenous Thresholds for Premature Deindustrialisation
dc.typeArticle

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