Yükselen Piyasa Ekonomilerinde Demokratikleşme ve Ekonomik Büyüme

Year 2018, Issue: 109, 165 - 180, 01.04.2018

Naib Alakbarov , Yılmaz Bayar

https://doi.org/10.33203/mfy.391698

Cited By: 2

Abstract

Özellikle 1980'li yılların ortalarından itibaren küreselleşme
olgusu çeşitli yönlerden hız kazanmış ve bu süreç birçok ülkenin
demokratikleşmesine kısmen katkıda bulunmuştur. Bu çalışma
Westerlund-Durbin-Hausman (2008) panel eşbütünleşme testi ile Dumitrescu ve
Hurlin (2012) panel nedensellik testini kullanarak 2002-2015 döneminde yükselen
piyasa ekonomilerinde, demokratikleşmenin ekonomik büyüme üzerindeki etkisini
araştırmaktadır. Çalışma sonucunda ekonomik büyüme ile demokratikleşme arasında
uzun dönemli bir ilişki olduğu belirlenmiş, ancak demokratikleşme ile büyüme
arasındaki etkileşimin ülkeden ülkeye farklılık gösterdiği belirlenmiştir. Bununla
birlikte, kısa dönemde demokratikleşme ile ekonomik büyüme arasında bir
nedensellik ilişkisi olmadığı tespit edilmiştir.

Keywords

Demokratikleşme, ekonomik büyüme

Democratization and Economic Growth in Emerging Market Economies

Abstract

The globalization phenomenon
has gained speed in various aspects especially since mid-1980s, this process in
turn partially contributed to democratization of the many countries. This study
researches the effect of democratization on economic growth in emerging markets
over 2002-2015 period with panel cointegration test of Westerlund-Durbin-Hausman
(2008) and panel causality test of Dumitrescu and Hurlin (2012). The results revealed
a cointegrating relationship between economic growth and democratization, but
the interaction between democratization and growth varies from country to
country. However, no causality relationships were found between democratization
and economic growth in the short run. 

Keywords

Democratization, economic growth

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