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Journals / Yönetim ve Ekonomi Araştırmaları Dergisi / 2026 / Cilt: 23 Sayı: 1

How does Institutional Quality Affect Economic Growth? Panel Data Analysis for G20 Countries

Serdar Yay(İZMİR DEMOKRASİ ÜNİVERSİTESİ)0000-0002-8726-744X
Zeynep Ezanoğlu0000-0002-4601-7567
Recep Akan(EGE ÜNİVERSİTESİ)0000-0001-9508-0418
Pages
23–41
Publication Date
2025-03-24
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This study tested the relationship between institutional quality and economic growth in developing countries and concluded that institutional quality indicators positively affect economic growth.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The relationship between institutional quality and economic growth has attracted considerable attention in recent years.
📊
Key Findings & Data:These studies have been conducted under the umbrella of institutional economics, which has been pioneered by names, such as Douglass C.
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Conclusion & Impact:This study tested the relationship between institutional quality and economic growth in developing countries and concluded that institutional quality indicators positively affect economic growth.
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:Economic Growth · Institutional Quality · Panel Data Analysis

Abstract

The relationship between institutional quality and economic growth has attracted considerable attention in recent years. These studies have been conducted under the umbrella of institutional economics, which has been pioneered by names, such as Douglass C. North, Nobel Prize winner in Economics. Institutional quality is defined as the effectiveness of institutions and the enforceability of rule sets. Regulatory quality is measured by indicators such as the rule of law, control of corruption, judicial independence and protection of property rights. There is an important link between institutional quality and economic growth. In the literature, institutional quality factors have a positive effect on economic growth. This study tested the relationship between institutional quality and economic growth in developing countries and concluded that institutional quality indicators positively affect economic growth.

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Cite This Article

Yay, S., Ezanoğlu, Z., Akan, R. (2025). How does Institutional Quality Affect Economic Growth? Panel Data Analysis for G20 Countries. Yönetim ve Ekonomi Araştırmaları Dergisi, Cilt: 23 Sayı: 1, 23–41. https://ajindex.com/articles/1086840

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