SavedAdd your journal

Journals / Finans Politik ve Ekonomik Yorumlar / 2017 / Sayı: 632

The Importance of Institutions in Explaining Growth Differences Between Countries

Ülkelerarası Büyüme FarklılıklarınıAçıklanmasında Kurumların Önemi:Panel Veri Analizi

Merve YOLAL
Aygül ANAVATAN
Pages
39–53
Publication Date
2017-10-01
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

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

The findings reveal that there is a positive relationship between institutional structure and economic growth and that the countries exhibit economic development in connection with institutional structures

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, we have attempted to determine the impacts of institutions and their structures on economic growth using panel data method for the period 2003- 2014 for 107 countries.
📊
Key Findings & Data:We have used variables of economic freedom, political rights and civil liberties, and the variables of control of corruption, political stability, rule of law and accountability, which represent the institutional structure to explain growth in the analysis.
💡
Conclusion & Impact:The findings reveal that there is a positive relationship between institutional structure and economic growth and that the countries exhibit economic development in connection with institutional structures
🔬Design:Research Article
📍Scope:2003- 2014 Verileri
⚙️Variables:Domain Parameters

Abstract

In this study, we have attempted to determine the impacts of institutions and their structures on economic growth using panel data method for the period 2003- 2014 for 107 countries. We have used variables of economic freedom, political rights and civil liberties, and the variables of control of corruption, political stability, rule of law and accountability, which represent the institutional structure to explain growth in the analysis. The findings reveal that there is a positive relationship between institutional structure and economic growth and that the countries exhibit economic development in connection with institutional structures

Özet

Bu çalışmada, kurumlar ve onların sahip olduğu kurumsal yapıların ekonomik büyüme üzerindeki etkileri 107 ülke için 2003-2014 yılları arasını kapsayan dönemde panel veri yöntemi kullanılarak tespit edilmeye çalışılmıştır. Yapılan analizde ülkelerin ekonomik büyümesini açıklamak amacıyla ekonomik özgürlükler, politik haklar ve sivil özgürlükler ile kurumsal yapıyı temsil eden yolsuzluğun kontrolü, politik istikrar, hukukun üstünlüğü ve hesap verebilirlik değişkenleri kullanılmıştır. Elde edilen sonuçlar kurumsal yapı ile ekonomik büyüme arasında pozitif yönlü ilişkinin varlığını göstermekte ve ülkelerin kurumsal yapıları ile bağlantılı olarak ekonomik gelişme sergilediklerini ortaya koymaktadır.

🔖

Cite This Article

YOLAL, M., ANAVATAN, A. (2017). The Importance of Institutions in Explaining Growth Differences Between Countries. Finans Politik ve Ekonomik Yorumlar, Sayı: 632, 39–53. https://ajindex.com/articles/989112

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (13)

  1. ACEMOĞLU, Daron ve James ROBINSON; (2008), The Role of Institutions in Growth and Development Commission on Growth and Development, World Bank Publications, Washington DC. ACEMOĞLU, Daron, Simon JOHNSON ve James A. ROBINSON; (2005), “Institutions as a Fundamental Cause of LongRun Growth”, Hand book of Economic Growth, 1, ss. 385-472.
  2. ACEMOĞLU, Daron; (2008), “Oligarchic Versus Democratic Societies”, Journal of the European Economic Association, 6(1), ss. 1-44.
  3. ARTAN, Seyfettin ve Pınar HAYALOĞLU; (2013), “Ülkelerarası Büyüme Farklılıklarının Açıklanmasında Kurumsal Yapının Rolü: Panel Veri Analizi”, Eskişehir Osmangazi Üniversitesi İİBF Dergisi, 8(3), ss. 31-54.
  4. ARTAN, Seyfettin ve Pınar HAYALOĞLU; (2014), “Kurumsal Yapı ve İktisadi Büyüme İlişkisi: Türkiye Örneği”, Sosyoekonomi, 2, ss. 347-365.
  5. BAKIRTAŞ, Doğan; (2014), “Kurumsal İktisat Perspektifinden Vergi Kültürü ve Ekonomik Gelişme: Teori ve Uygulama”, (Yayınlanmamış Doktora Tezi), İzmir: Dokuz Eylül Üniversitesi Sosyal Bilimler Enstitüsü. BREUER, Janice Boucher, MCNOWN, Robert ve Myles WALLACE; (2002), “Series-specific Unit Root Tests with Panel Data”, Oxford Bulletin of Economics and Statistics, 5, ss. 527- 546. BREUSCH, Trevor Stanley ve Adrian Rodney PAGAN; (1980), “The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics”, The Review of Economic Studies, 47(1), ss. 239-253.
  6. BUSH, Paul D; (1983), “An Exploration of the Structural Characteristic of a Veblen- Ayres-Foster Defined Institutional Domain”, Journal of Economic Issues, 17(1), ss.35-66.
  7. CHOI, In; (2001), “Unit root tests for panel data”, Journal of International Money and Finance, 20, ss. 249-272.
  8. COMMONS, John Rogers; (1931), “Institutional Economics”, American Economic Review, 21, ss. 648-657.
  9. FICHTER, Joseph; (1990), “Sosyoloji Nedir?”, Çev. Nilgün Çelebi, Selçuk Üniversitesi FEF Yayınları,
  10. Konya. GAGLIARDI, Francesca; (2008), “Institutions and Economic Change: A Critical Survey of the New Institutional Approaches and Empirical Evidence”, Journal of Socio-Economics, 37(1), ss.416-443.
  11. GÖKALP, M. Faysal ve Ercan BALDEMİR; (2008), “Kurumsal Yapı ve Ekonomik Büyüme İlişkisi”, Dokuz Eylül Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 8(1), ss. 212-226.
  12. GRIEF, Avner; (2006), “Institution and the Path to the Modern Economy: Lessons from Medieval Trade”, Cambridge University Press,
  13. ABD. HADRI, Kaddour; (2000), “Testing for Stationarity in Heterogeneous Panel Data”, The Econometrics Journal, 3, ss. 148-161. IM,