Abstract
In the study, using panel data analysis, the relationship between GDP and global iron, global cotton, global oil, and global copper prices were analyzed under the impoverishing growth hypothesis. The countries analyzed in this study are developing countries such as China, Chile, Czechia, Greece, Hungary, India, South Korea, Malaysia, Pakistan, Peru, Philippines, Poland, Thailand, and Turkey. The data covers the period 2003-2018. The analysis results show that the increase in global cotton and oil prices decreases the GDP of these countries, and the increase in global iron and copper prices increases the GDPs of these countries. Therefore, policymakers should support investment in renewable energy, domestic agriculture, and mining sectors.
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