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Journals / Maliye Dergisi / 2018 / Sayı: 175

The Impact of Country Risk Indicators on Total Factor Productivity: Findings on Turkey

Ülke Risk Göstergelerinin Toplam Faktör Verimliliği Üzerindeki Etkisi: Türkiye Üzerine Bulgular

Nısfet UZAY
Emrah KOÇAK
Pages
70–95
DOI
—
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AI Summary & Key Takeaways

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

The findings reveal that the decline in economic, political and composite risk levels is a positive and significant effect on TFP.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Economic growth literature often examines what factors affect total factor productivity (TFP).
📊
Key Findings & Data:The findings reveal that the decline in economic, political and composite risk levels is a positive and significant effect on TFP.
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Conclusion & Impact:The conclusion part presents policy recommendations within the framework of research findings.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

Economic growth literature often examines what factors affect total factor productivity (TFP). In recent discussions, the importance of institutions on economic growth and productivity is emphasized. In these discussions, institutions are represented by a number of indicators such as democracy, freedom, law and country risks. Inspired by related discussions, this paper estimates the effect of economic, political, financial and composite risk indicators on TFP for Turkey. The findings reveal that the decline in economic, political and composite risk levels is a positive and significant effect on TFP. On the other hand, there is no statistically significant relationship between financial risk and TFP. The conclusion part presents policy recommendations within the framework of research findings.

Özet

Ekonomik büyüme literatürü toplam faktör verimliliğini (TFV) etkileyen unsurların neler olduğunu sıklıkla incelemektedir. Son dönem tartışmalarda, kurumların ekonomik büyüme ve verimlilik üzerindeki önemine vurgu yapılmakta, kurumlar; demokrasi, özgürlük, hukuk ve ülke riskleri gibi pek çok gösterge ile temsil edilmektedir. İlgili tartışmalardan hareketle bu çalışma ekonomik, politik, finansal ve bileşik risk göstergelerinin TFV üzerindeki etkisini Türkiye için tahmin etmiştir. Araştırma bulguları ekonomik, politik ve bileşik risk düzeyindeki azalışların TFV üzerinde pozitif ve anlamlı bir etkisi olduğunu ortaya koymaktadır, Diğer taraftan, finansal risk ile TFV arasında istatistiki olarak anlamlı bir ilişki bulunmamaktadır. Araştırma bulguları kapsamında politika önerileri çalışmanın sonuç kısmında sunulmuştur.

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Cite This Article

UZAY, N., KOÇAK, E. (2018). The Impact of Country Risk Indicators on Total Factor Productivity: Findings on Turkey. Maliye Dergisi, Sayı: 175, 70–95. https://ajindex.com/articles/78851

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