Political Economy of Regional Development: Political Pluralism and Investment Relationship

Year 2018, Volume: 26 Issue: 37, 243 - 255, 31.07.2018

Necmettin Çelik , Mehmet Karaçuka

https://doi.org/10.17233/sosyoekonomi.2018.03.14

Cited By: 1

Abstract

Public and private fixed capital investments are vital dynamics of the regional economic growth. Therefore, the potential determinants of regional allocations of public and private investments must be investigated to establish persistent and balanced regional development. One of them is political pluralism. This study includes analysis of the relationship between political pluralism and regional allocation of public and private investments and also regional economic growth. For this purpose, Fixed Effects Panel Model on which analyzed 26 NUTS-II Regions over 2008-2011 period was established by using Herfindahl-Hirschman Index which created by vote ratios of political parties in 2007 and 2011 Parliamentary Elections. The findings of the model show that political polarization has positive effects on public and private investments and it is important determinant of regional development. Also, literacy and manufacturing rates effects regional growth positively through positive externalities on investments.

Keywords

Regional Development, Political Pluralism, Investmen Decisions, Herfindahl-Hirschamn Index

Bölgesel Kalkınmanın İktisadi Politiği: Siyasal Çoğulculuk ve Yatırım İlişkisi

Abstract

Kamu ve özel kesim yatırımları bölgesel kalkınmanın önemli bir dinamiğini oluşturmaktadır. Bu sebeple, kalıcı ve dengeli bölgesel kalkınmanın sağlanabilmesi için gerek kamusal; gerekse de özel kesim yatırımlarının bölgesel dağılımına etki eden muhtemel unsurların irdelenmesi gerekir. Bu unsurlardan biri siyasal çoğulculuk olgusudur. Çalışmada, siyasal çoğulculuk olgusu ile kamu ve özel kesim yatırım kararlarının bölgesel tahsisi arasındaki ilişki incelenmek istenmiştir. Bu amaçla, 2007 ve 2011 Milletvekili Genel Seçimleri’nde siyasi partilerin aldıkları oy oranları üzerinden oluşturulan Herfindahl-Hirschman Endeksi yardımıyla 2008-2011 dönemi ve 26 İBBS-II Bölgesi kapsamında alternatif Sabit Etkiler Panel Modelleri tahmin edilmiştir. Elde edilen bulgular siyasal çoğulculuğun kamu ve özel kesim yatırım kararları üzerinde arttırıcı etkileri olduğu ve dikkate alınan örneklem dâhilinde bölgesel kalkınmanın önemli bir belirleyicisi olduğu yönündedir. Bununla birlikte, okullaşma ve sanayileşme oranlarının yatırım kanalları aracılığıyla bölgesel kalkınma üzerinde pozitif dışsallıklar yaratan unsurlar olduğu öne çıkan bulgular arasındadır.

Keywords

Bölgesel Kalkınma, Siyasal Çoğulculuk, Yatırım Kararları, Herfindahl-Hirschman Endeksi

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