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The Effects of Geopolitical Uncertainties on Growth: Econometric Analysis on Selected Turkic Republican Countries and Neighboring States

Year: 2025

Type: article

Abstract: The paper aims to analyze the effect of geopolitical uncertainties on growth in the countries of selected Turkic republics and neighboring states which are experiencing geopolitical uncertainty, especially regarding their position in the global economy. This study investigates how uncertainties quantified by geopolitical risk indices for the global economy (GE), the United States (US), and the Russian Federation (RS) influence the economic growth of the Turkic republics and neighboring states which implement open macroeconomic policies. This analysis employs panel data techniques that consider the interdependence between cross-sectional units. The selected countries included in the study are Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Turkmenistan, Mongolia, and Uzbekistan. The results show the existence of constricting effects on the economic growth performance of selected countries.

Source: Economies

DOI: 10.3390/economies13030083

Authors: Halil İbrahim Aydin, Aniela Bălăcescu, Genu Alexandru Căruntu

Institutions: Batman University, Constantin Brâncuși University of Targu Jiu

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $2,172