Abstract:

In this study, the relations of economic globalization, social globalization and political globalization, which are the sub-components of globalization, with GDP per capita, which is a measure of economic growth, were examined separately in the member countries of the Organization of Islamic Cooperation. First of all, according to the CADF for the units under the cross-sectional dependence and the CIPS unit root tests for the panel in general, it has been seen that all series are not stationary. According to the structural break panel cointegration analysis, a cointegration relationship was found between the sub-components of globalization and economic growth. The causality relationship between economic growth and the sub-components of globalization was investigated and a one-way causality relationship from economic globalization to economic growth and a two-way causality relationship between social globalization and economic growth were found. There is no causality relationship found between political globalization and economic growth.

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