Özet:

The developing countries of today, which are expected to become the world’s leading economies in the future by achieving economic maturity, are called “the emerging economies”. The emerging economies are economies that are increasingly interacting with the global market, where economic freedom is strengthening and rapidly growing. With the rapid development they show, increasing production and consumption increases the import and export economies of emerging economies. On the other hand, the fact that these countries are still developing can cause them to import various capital goods to continue their production, and therefore give them the customs open. The aim of this study is to investigate whether exports in emerging economies are dependent on imports. For this purpose, a cause analysis was implemented in a panel of eighteen countries for the period 1967-2016. Analysis has applied panel causality tests developed by Dumitrescu and Hurlin (2012) and Emirmahmutoglu and Kose (2011). The analysis for the 1989-2016 period in which globalization was accelerated was repeated for a panel of twenty countries in which Russia and Vietnam were added. The results of the analysis indicate that the direction of causality between exports and imports is different in the countries examined and that the relationship between the variables examined in the period of acceleration of globalization has changed in some countries. For Brazil, China, the Philippines, South Africa and Turkey in the period 1967-2016 exports depend on imports, in Bangladesh, Chile, Colombia, India, Mexico, Nigeria and Thailand in the same period imports depend on exports, and in Iran exports and imports are mutual dependence. In other countries, there was no evidence of any cause during the period 1967-2016.

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