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Journals / Ege Akademik Bakış Dergisi / 2026 / Cilt: 17 Sayı: 3

The Effects of Economic and Political Uncertainty on Economic Growth: A Panel Data Analysis on The G-7+BRC Countries (1997-2015)

Ekonomik ve Politik Belirsizliğin Ekonomik Büyüme Üzerindeki Etkileri:G-7+BRC Ülkeleri Üzerine Bir Panel Veri Analizi (1997-2015)

Ömer Yalçınkaya
Halil İbrahim Aydın
Pages
419–430
Publication Date
2017-08-01
DOI
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AI Summary & Key Takeaways

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

These results suggest that the the economic contractions that emerged with the 2008 economic crisis in countries developed the G-7 with developing the BRC has been continued and the desired recovery has not been achieved in the process, uncertainties stemming from economic and political developments also play an important role

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the effects of economic and political uncertainties on economic growth performances of developed the G-7 and developing the BRC (Brazil, Russia, China) countries are examined econometrically in the context of the new generation panel data analysis methodology for the period 1997-2015.
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Key Findings & Data:In the study this direction, it is empirically assessed whether economic and political uncertainties have an impact on the economic growth performances of the G7+BRC countries as predicted in the theoretical framework.
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Conclusion & Impact:These results suggest that the the economic contractions that emerged with the 2008 economic crisis in countries developed the G-7 with developing the BRC has been continued and the desired recovery has not been achieved in the process, uncertainties stemming from economic and political developments also play an important role
🔬Design:Review & Systematic Survey
📍Scope:2015 Verileri
⚙️Variables:Ekonomik Büyüme · Ekonomik ve Politik Belirsizlikler Endeksi-EPU · Yeni Nesil Panel Veri Analizi

Abstract

In this study, the effects of economic and political uncertainties on economic growth performances of developed the G-7 and developing the BRC (Brazil, Russia, China) countries are examined econometrically in the context of the new generation panel data analysis methodology for the period 1997-2015. In the study this direction, it is empirically assessed whether economic and political uncertainties have an impact on the economic growth performances of the G7+BRC countries as predicted in the theoretical framework. As a result of the study, during the review period the effects of economic and political uncertainties on economic growth in G7 + BRC countries have been determined to be negative direction and statistically significant. These results suggest that the the economic contractions that emerged with the 2008 economic crisis in countries developed the G-7 with developing the BRC has been continued and the desired recovery has not been achieved in the process, uncertainties stemming from economic and political developments also play an important role

Özet

Bu çalışmada, ekonomik ve politik belirsizliklerin gelişmiş G-7 ve gelişmekte olan BRC (Brezilya, Rusya, Çin) ülkelerinin ekonomik büyüme performansları üzerindeki etkileri 19972015 dönemi için yeni nesil panel veri analizi metodolojisi kapsamında ekonometrik olarak incelenmektedir. Bu yönüyle çalışmada, ekonomik ve politik belirsizliklerin G7+BRC ülkelerinin ekonomik büyüme performansları üzerinde teorik çerçevede öngörüldüğü gibi bir etkiye sahip olup olmadığı ampirik açıdan değerlendirilmektedir. Çalışma sonucunda, inceleme döneminde G7+BRC ülkelerinde ekonomik ve politik belirsizliklerin ekonomik büyüme üzerindeki etkilerinin negatif yönlü ve istatistiki açıdan anlamlı olduğu tespit edilmiştir. Bu sonuçlar, gelişmiş G-7 ile gelişmekte olan BRC ülkelerinde 2008 ekonomik kriziyle birlikte ortaya çıkan ekonomik daralmaların devam etmesinde ve süreç içerisinde arzu edinilen toparlanmaların yakalanamamış olmasında, ekonomik ve politik gelişmelerden kaynaklı belirsizliklerin de önemli bir rol oynadığını düşündürmektedir

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Cite This Article

Yalçınkaya, Ö., Aydın, H. İ. (2017). The Effects of Economic and Political Uncertainty on Economic Growth: A Panel Data Analysis on The G-7+BRC Countries (1997-2015). Ege Akademik Bakış Dergisi, Cilt: 17 Sayı: 3, 419–430. https://ajindex.com/articles/1476414

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