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Journals / Maliye Dergisi / 2021 / Sayı: 180

The Correlation Between Democracy and Economic Growth: An Econometric Analysis on Balkan Countries

Demokrasi ve Ekonomik Büyüme Arasındaki İlişki: Balkan Ülkeleri Üzerine Ekonometrik Bir Analiz

Cabir ÇELİK
Sinem ÇELİK
Sinan YILDIRIM
Pages
293–309
DOI
—
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AI Summary & Key Takeaways

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

In addition, there is an inverse relationship between democracy indexes and per capita GDP growth variables

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Increasing economic growth and raising the level of democracy is one of the main goals of many countries.
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Key Findings & Data:In this study, the correlation between economic growth and democracy in Balkan countries was analyzed with the panel Granger causality test by using 2006-2018 data, GDP per capita growth rate and Bertelsmann Transformation Index (BTI) data.
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Conclusion & Impact:In addition, there is an inverse relationship between democracy indexes and per capita GDP growth variables
🔬Design:Research Article
📍Scope:2006-2018 Verileri
⚙️Variables:Domain Parameters

Abstract

Increasing economic growth and raising the level of democracy is one of the main goals of many countries. Therefore, it is important to explain the nature of the correlation between economic growth and democracy, whether democracy is necessary for economic growth, and whether democracy affects economic growth. In this study, the correlation between economic growth and democracy in Balkan countries was analyzed with the panel Granger causality test by using 2006-2018 data, GDP per capita growth rate and Bertelsmann Transformation Index (BTI) data. As a result, democracy indices are Granger cause of the GDP growth per capita variable. In addition, there is an inverse relationship between democracy indexes and per capita GDP growth variables

Özet

Ekonomik büyümeyi artırmak ve demokrasi düzeyini yükseltmek birçokülkenin temel amaçlarından biridir. Dolayısıyla, ekonomik büyüme vedemokrasi arasındaki ilişkinin doğasını, ekonomik büyüme içindemokrasinin gerekli olup olmadığını ve demokrasinin ekonomik büyümeyietkileyip etkilemediğini açıklamak önem taşımaktadır. Bu çalışmada, 2006-2018 verileri ile kişi başı GSYİH büyüme oranı ve Bertelsmann Dönüşümİndeksi (BTI) verileri kullanılarak Balkan ülkeleri için ekonomik büyümedemokrasi ilişkisi panel Granger nedensellik testi ile analiz edilmiştir. Sonuçolarak, demokrasi indeksleri, kişi başı GSYİH büyümesi değişkenininGranger nedenidir. Ayrıca, demokrasi indeksleri ile kişi başı GSYİHbüyümesi değişkenleri arasında ters yönlü ilişki mevcuttur.

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Cite This Article

ÇELİK, C., ÇELİK, S., YILDIRIM, S. (2021). The Correlation Between Democracy and Economic Growth: An Econometric Analysis on Balkan Countries. Maliye Dergisi, Sayı: 180, 293–309. https://ajindex.com/articles/357368

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