According to the analysis results, it was determined that 1% increase in openness
level increased the the growth at the rate of 0.27%. In other words, openness of
economy affects the economic growth positively. The analysis results support the
hypothesis that openness will increase the economic growth which is put forward
by endogeneous growth theories. When the role of openness in leading new
technological developments by more efficient production methods and the role of
the increase in total factor productivity by contributing to an optimal allocation of
resources are considered, the importance of policies to increase the openness
clearly comes out in terms of both achieving integration in global economy and
providing a strong and sustainable economic growth (Turedi and Berber, 2010).
Therefore, as a result of policies to be implemented in this way, the increase in
openness especially in exports will support economic growth by increasing the
economic performance of countries. In fact, because of the contractions in
demand, the effect of 2008 global economic crisis on the economic growth of
countries through export channel supports the analysis result.