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GÜÇLÜ KURUMSAL YAPI DAHA YÜKSEK MUTLULUK GETİRİR Mİ? ÇOK BOYUTLU PANEL VERİ MODELİ ANALİZİNDEN KANITLAR

Yıl 2021, Cilt: 12 Sayı: 23, 181 - 213, 28.06.2021
https://doi.org/10.36543/kauiibfd.2021.010

Öz

Son yıllarda kurumlar ile mutluluk arasındaki ilişkiyi ele alan birçok çalışma gerçekleştirilmiştir. Kurumların mutluluk üzerinde önemli bir faktör olduğu kabul edilmekle birlikte söz konusu ilişki ülkelere, gelir düzeyine ve zamana göre değişiklik gösterebilmektedir. Bu çalışmada 93 ülkede 2006-2019 dönemi için kurumlar ve mutluluk ilişkisi ülke ve kişi başı gelirden oluşan iki birim ve bir zaman boyutunun olduğu üç boyutlu panel veri modeli ile araştırılmıştır. Sabit ve tesadüfi etkiler tahmincilerinden elde edilen bulgular kurumsal kalitenin mutluluk üzerinde pozitif etkisinin olduğunu göstermektedir. Ayrıca kişi başı gelir etkisinin varlığı nedeniyle örneklem dört gruba ayrılmış ve iki boyutlu analiz de gerçekleştirilmiştir. Buradan elde edilen bulgularda ise kurumsal kalitenin mutluluk üzerindeki etkisi düşük kişi başı gelire sahip ülkelerde negatif, diğerlerinde ise pozitiftir.

Kaynakça

  • Acemoglu, D. (2009). Introduction to Modern Economic Growth. New Jersey: Princeton University Press.
  • Acemoğlu, D., Johnson, S. & Robinson, J. A. (2005). Institutions as the fundamental cause of long-run growth. P. Aghion & S. N. Durlauf (Ed.), Handbook of Economic Growth içinde 1(1), 385-472.
  • Aksoy, T. (2020). Mutluluk ve kurumsal gelişme. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, (56), 19-36.
  • Aristoteles (2014). Nikomakhos’a etik. Çeviren Furkan Akderin, İstanbul: Say Yayınları.
  • Arslan, A. (2007). Felsefeye giriş. Ankara: Adres Yayınları.
  • Baier, S. L. & Bergstrand, J. H. (2007). Do free trade agreements actually increase members’ international trade? Journal of International Economics, 71(1), 72-95.
  • Baldwin, R. & Taglioni, D. (2006). Gravity for dummies and dummies for gravity equations. NBER Working Paper Series. 02 Mayıs 2021 tarihinde https://www.nber.org/papers/w12516 adresinden erişildi.
  • Baltagi, B. H., Song, S. H. & Jung, B. C. (2001). The unbalanced nested error component regression model. Journal of Econometrics, 101(2), 357-381.
  • Bjørnskov, C., Dreher, A. & Fischer, J. A.V (2008). Cross-country determinants of life satisfaction: Exploring different determinants across groups in society. Soc Choice Welfare, 30, 119-173.
  • Bjørnskov, C., Dreher, A., & Fischer, J. A. (2010). Formal institutions and subjective well-being: Revisiting the cross-country evidence. European Journal of Political Economy, 26(4), 419-430.
  • Blanchflower, D. G. & Oswald, A. J. (2004). Well-being over time in britain and the USA. Journal of Public Economics, 88, 1359-1386.
  • Böhnke, P. (2008). Does society matter? Life satisfaction in the enlarged europe. Social Indicators Research, 87(2), 189-210.
  • Clark, A. E., Frijters, P. & Shields, M. A. (2008). Association relative income, happiness, and utility: an explanation for the easterlin paradox and other puzzles. Journal of Economic Literature, 46(1), 95-144.
  • Dorn, D., Fischer, J. A., Kirchgässner, G., & Sousa-Poza, A. (2007). Is it culture or democracy? The impact of democracy and culture on happiness. Social Indicators Research, 82(3), 505-526.
  • Dorn, D., Fischer, J. A., Kirchgässner, G., & Sousa-Poza, A. (2008). Direct democracy and life satisfaction revisited: New evidence for Switzerland. Journal of Happiness Studies, 9(2), 227-255.
  • Easterlin, R. A. (1974). Does economic growth improve the humon lot? Some empirical evidence. Nations and Households in Economic Growth. Academic Press, 89-125.
  • Easterlin, R. A. (2005). Building a better theory of well-being. Economics and Happiness: Framing the Analysis, 29-64.
  • Egger, P., & Pfaffermayr, M. (2003). The proper panel econometric specification of the gravity equation: A three-way model with bilateral interaction effects. Empirical Economics, 28(3), 571-580.
  • Fereidouni, H. G., Najdi, Y., & Amiri, R. E. (2013). Do governance factors matter for happiness in the MENA region?. International Journal of Social Economics, 40 (12), 1028-1040.
  • Frey, B. S. & Stutzer, A. (2000). Happiness, economy and institutions. The Economic Journal, 110(466), 918-938.
  • Gökdemir, Ö. & Veenhoven, R. (2014). Kalkınmaya farklı bir bakış: İyi oluş. Kalkınmada Yeni Yaklaşımlar, 337-363.
  • Gross National Happiness Survey (2010). 02 Mayıs 2021 tarihinde http://www.grossnationalhappiness.com/gnh-2010/ adresinden erişildi. Hagerty, M. R. & Veenhoven, R. (2003). Wealth and happiness revisited-growing national income does go with greater happiness. Social Indicators Research, 64(1), 1-27.
  • Haini, H. (2019). Examining the relationship between finance, institutions and economic growth: Evidence from the asean economies. Economic Change and Restructuring, 1-24.
  • Helliwell, J. & Huang, H. (2008). How’s your government? International evidence linking good government and well-being. British Journal of Political Science, 38(4), 595-619.
  • Helliwell, J. F., Huang, H., & Wang, S. (2020). Happiness and the quality of government. National Bureau of Economic Research, 26840, 1-24.
  • Huang, C. J. (2016). The impact of governance on happiness: Evidence from quantile regressions. International Journal of Economics and Management Engineering, 10(7), 2539-2542.
  • Knack, S. & Keefer, P. (1995). Institutions and economic performance: Cross-country tests using alternative institutional measures. Economics and Politics, 7(3), 207-227.
  • Laszlo B., Matyas, L. & Wansbeek, T. (2015). The estimation of multidimensional fixed effects panel data models. Econometric Reviews, 0(0):1–23.
  • Law, S.H., Lim, T.C & Ismail, N.W. (2013). Institutions and economic development: A granger causality analysis of panel data evidence. Economic Systems, 37(4), 610-624.
  • Layard, R. (2006). Happiness and public policy: A challenge to the profession. The Economic Journal, 116(510), 24-33.
  • Liu, H., Gao, H., & Huang, Q. (2019). Better government, happier residents? Quality of government and life satisfaction in China. Social Indicators Research, 147(3), 971-990.
  • Matyas, L., Hornok, C. & Pus D. (2012). The formulation and estimation of random effects panel data models of trade, CEU Working Papers. 02 Mayıs 2021 tarihinde https://ideas.repec.org/p/ceu/econwp/2012_1.html adresinden erişildi.
  • Mauro, P. (1995). Corruption and growth. The Quarterly Journal of Economics, 110(3), 681-712.
  • North, D. C. (2010). Kurumlar, kurumsal değişim ve ekonomik performans. Çeviren Gül Çağalı Güven, İstanbul: Sabancı Üniversitesi Yayınları.
  • Olson, M. (1996). Distinguished lecture on economics in government: Big bills left on the sidewalk: Why some nations are rich, and others poor. Journal of Economic Perspectives, 10(2), 3-24.
  • Ott, J. (2011). Government and happiness in 130 nations: Good governance fosters higher level and more equality of happines. Social indicators research, 102(1), 3-22.
  • Ovaska, T., & Takashima, R. (2010). Does a rising tide lift all the boats? Explaining the national inequality of happiness. Journal of Economic Issues, 44(1), 205-224.
  • Rodrik, D. & Subramanian, A. (2003). The primacy of institutions (and what this does and does not mean). Finance & Development, 31-34.
  • Rodrik, D. (2000). Institution for high- quality growth: What they are and how to acquire them. Studies in Comparative International Development, 35(3), 3-31.
  • Sacks, D. W., Stevenson, B. & Wolfers, J. (2012). The new stylized facts about income and subjective well-being. IZA Discussion Paper, 7105, 1-13.
  • Samanni, M. & Holmberg, S. (2010). Quality of government makes people happy. QoG Working Paper Series, 1, 1-36.
  • Samanni, M. & Holmberg, S. (2012). Happiness. S. Holmberg & B. Rothstein (Ed.) Good Goverment içinde (317-332).
  • Stevenson, B. & Wolfers, J. (2008). Economic growth and subjective well-being: Reassessing the easterlin paradox. IZA Discussion Paper, 3654, 1-30.
  • TDK (2021). Türk dil kurumu sözlükleri. 5 Mayıs 2021 tarihinde 15 Ocak 2008 tarihinde https://sozluk.gov.tr/ adresinden erişildi.
  • Tenaglia, S. (2007). Testing theories on happiness: A questionnaire. University of Tor Vergata-Roma, WorkingPaper, 1-44.
  • The Happy Planet Index (2016). 11 Mayıs 2020 tarihinde happyplanetindex.org/s/Briefing-paper-HPI-2016.pdf adresinden erişildi.
  • TUİK (2020). Yaşam memnuniyeti araştırması. 02 Mayıs 2021 tarihinde https://data.tuik.gov.tr/Bulten/Index?p=Yasam-Memnuniyeti-Arastirmasi-2020-37209 adresinden erişildi.
  • Veenhoven, R. & Dumludağ, D (2015). İktisat ve mutluluk. İktisat ve Toplum Dergisi, 58(2), 46-51.
  • Wanjuu, L. Z. & Le Roux P. (2017). Economic institutions and economic growth: Empirical evidence from the economic community of west african states. South African Journal of Economic and Management Sciences, 20(1), 1-10.
  • Warburton, N. (2011). Felsefenin kısa tarihi. İstanbul: Alfa Yayınları.
  • Woo, C. (2018). Good governance and happiness: Does technical quality of governance lead to happiness universally in both rich and poor countries. Journal of Internatıonal and Area Studıes, 25(1), 37-56.
  • Yerdelen Tatoğlu, F. & İçen, H. (2019). Çevresel kuznets eğrisinin çok boyutlu panel veri modelleri ile analizi. Anadolu İktisat ve İşletme Dergisi, 3(1), 26-38.
  • Yerdelen Tatoğlu, F. (2016). Various approaches for the estimation of the three-dimensional fixed and random effect models. Eurasian Econometrics, Statistics & Emprical Economics Journal, 5, 60‐70.
  • Yerdelen Tatoğlu, F. (2017). Avrupa ülkelerinde okun yasasının çok boyutlu panel veri modelleri ile analizi. Yönetim ve Çalışma Dergisi, 1(1), 43-56.

DOES BETTER INSTITUTIONAL STRUCTURE BRING HIGHER HAPPINESS? EVIDENCE FROM MULTI-DIMENSIONAL PANEL DATA MODEL ANALYSIS

Yıl 2021, Cilt: 12 Sayı: 23, 181 - 213, 28.06.2021
https://doi.org/10.36543/kauiibfd.2021.010

Öz

In recent years, many studies have been carried out on the relationship between institutions and happiness. Although it is accepted that institutions are an important factor on happiness, that relationship may vary according to the countries, income level and time. In this study, the relationship between institutions and happiness for the period 2006-2019 in 93 countries is investigated by using three-dimensional panel data model with two units of country and per capita income and a time dimension. The findings obtained from the fixed and random effects estimators show that institutional quality has a positive effect on happiness. In addition, due to the existence of per capita income effect, the sample was divided into four groups and two-dimensional analysis is also employed. Findings show that the effect of institutional quality on happiness is negative in countries with low per capita income and positive in others.

Kaynakça

  • Acemoglu, D. (2009). Introduction to Modern Economic Growth. New Jersey: Princeton University Press.
  • Acemoğlu, D., Johnson, S. & Robinson, J. A. (2005). Institutions as the fundamental cause of long-run growth. P. Aghion & S. N. Durlauf (Ed.), Handbook of Economic Growth içinde 1(1), 385-472.
  • Aksoy, T. (2020). Mutluluk ve kurumsal gelişme. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, (56), 19-36.
  • Aristoteles (2014). Nikomakhos’a etik. Çeviren Furkan Akderin, İstanbul: Say Yayınları.
  • Arslan, A. (2007). Felsefeye giriş. Ankara: Adres Yayınları.
  • Baier, S. L. & Bergstrand, J. H. (2007). Do free trade agreements actually increase members’ international trade? Journal of International Economics, 71(1), 72-95.
  • Baldwin, R. & Taglioni, D. (2006). Gravity for dummies and dummies for gravity equations. NBER Working Paper Series. 02 Mayıs 2021 tarihinde https://www.nber.org/papers/w12516 adresinden erişildi.
  • Baltagi, B. H., Song, S. H. & Jung, B. C. (2001). The unbalanced nested error component regression model. Journal of Econometrics, 101(2), 357-381.
  • Bjørnskov, C., Dreher, A. & Fischer, J. A.V (2008). Cross-country determinants of life satisfaction: Exploring different determinants across groups in society. Soc Choice Welfare, 30, 119-173.
  • Bjørnskov, C., Dreher, A., & Fischer, J. A. (2010). Formal institutions and subjective well-being: Revisiting the cross-country evidence. European Journal of Political Economy, 26(4), 419-430.
  • Blanchflower, D. G. & Oswald, A. J. (2004). Well-being over time in britain and the USA. Journal of Public Economics, 88, 1359-1386.
  • Böhnke, P. (2008). Does society matter? Life satisfaction in the enlarged europe. Social Indicators Research, 87(2), 189-210.
  • Clark, A. E., Frijters, P. & Shields, M. A. (2008). Association relative income, happiness, and utility: an explanation for the easterlin paradox and other puzzles. Journal of Economic Literature, 46(1), 95-144.
  • Dorn, D., Fischer, J. A., Kirchgässner, G., & Sousa-Poza, A. (2007). Is it culture or democracy? The impact of democracy and culture on happiness. Social Indicators Research, 82(3), 505-526.
  • Dorn, D., Fischer, J. A., Kirchgässner, G., & Sousa-Poza, A. (2008). Direct democracy and life satisfaction revisited: New evidence for Switzerland. Journal of Happiness Studies, 9(2), 227-255.
  • Easterlin, R. A. (1974). Does economic growth improve the humon lot? Some empirical evidence. Nations and Households in Economic Growth. Academic Press, 89-125.
  • Easterlin, R. A. (2005). Building a better theory of well-being. Economics and Happiness: Framing the Analysis, 29-64.
  • Egger, P., & Pfaffermayr, M. (2003). The proper panel econometric specification of the gravity equation: A three-way model with bilateral interaction effects. Empirical Economics, 28(3), 571-580.
  • Fereidouni, H. G., Najdi, Y., & Amiri, R. E. (2013). Do governance factors matter for happiness in the MENA region?. International Journal of Social Economics, 40 (12), 1028-1040.
  • Frey, B. S. & Stutzer, A. (2000). Happiness, economy and institutions. The Economic Journal, 110(466), 918-938.
  • Gökdemir, Ö. & Veenhoven, R. (2014). Kalkınmaya farklı bir bakış: İyi oluş. Kalkınmada Yeni Yaklaşımlar, 337-363.
  • Gross National Happiness Survey (2010). 02 Mayıs 2021 tarihinde http://www.grossnationalhappiness.com/gnh-2010/ adresinden erişildi. Hagerty, M. R. & Veenhoven, R. (2003). Wealth and happiness revisited-growing national income does go with greater happiness. Social Indicators Research, 64(1), 1-27.
  • Haini, H. (2019). Examining the relationship between finance, institutions and economic growth: Evidence from the asean economies. Economic Change and Restructuring, 1-24.
  • Helliwell, J. & Huang, H. (2008). How’s your government? International evidence linking good government and well-being. British Journal of Political Science, 38(4), 595-619.
  • Helliwell, J. F., Huang, H., & Wang, S. (2020). Happiness and the quality of government. National Bureau of Economic Research, 26840, 1-24.
  • Huang, C. J. (2016). The impact of governance on happiness: Evidence from quantile regressions. International Journal of Economics and Management Engineering, 10(7), 2539-2542.
  • Knack, S. & Keefer, P. (1995). Institutions and economic performance: Cross-country tests using alternative institutional measures. Economics and Politics, 7(3), 207-227.
  • Laszlo B., Matyas, L. & Wansbeek, T. (2015). The estimation of multidimensional fixed effects panel data models. Econometric Reviews, 0(0):1–23.
  • Law, S.H., Lim, T.C & Ismail, N.W. (2013). Institutions and economic development: A granger causality analysis of panel data evidence. Economic Systems, 37(4), 610-624.
  • Layard, R. (2006). Happiness and public policy: A challenge to the profession. The Economic Journal, 116(510), 24-33.
  • Liu, H., Gao, H., & Huang, Q. (2019). Better government, happier residents? Quality of government and life satisfaction in China. Social Indicators Research, 147(3), 971-990.
  • Matyas, L., Hornok, C. & Pus D. (2012). The formulation and estimation of random effects panel data models of trade, CEU Working Papers. 02 Mayıs 2021 tarihinde https://ideas.repec.org/p/ceu/econwp/2012_1.html adresinden erişildi.
  • Mauro, P. (1995). Corruption and growth. The Quarterly Journal of Economics, 110(3), 681-712.
  • North, D. C. (2010). Kurumlar, kurumsal değişim ve ekonomik performans. Çeviren Gül Çağalı Güven, İstanbul: Sabancı Üniversitesi Yayınları.
  • Olson, M. (1996). Distinguished lecture on economics in government: Big bills left on the sidewalk: Why some nations are rich, and others poor. Journal of Economic Perspectives, 10(2), 3-24.
  • Ott, J. (2011). Government and happiness in 130 nations: Good governance fosters higher level and more equality of happines. Social indicators research, 102(1), 3-22.
  • Ovaska, T., & Takashima, R. (2010). Does a rising tide lift all the boats? Explaining the national inequality of happiness. Journal of Economic Issues, 44(1), 205-224.
  • Rodrik, D. & Subramanian, A. (2003). The primacy of institutions (and what this does and does not mean). Finance & Development, 31-34.
  • Rodrik, D. (2000). Institution for high- quality growth: What they are and how to acquire them. Studies in Comparative International Development, 35(3), 3-31.
  • Sacks, D. W., Stevenson, B. & Wolfers, J. (2012). The new stylized facts about income and subjective well-being. IZA Discussion Paper, 7105, 1-13.
  • Samanni, M. & Holmberg, S. (2010). Quality of government makes people happy. QoG Working Paper Series, 1, 1-36.
  • Samanni, M. & Holmberg, S. (2012). Happiness. S. Holmberg & B. Rothstein (Ed.) Good Goverment içinde (317-332).
  • Stevenson, B. & Wolfers, J. (2008). Economic growth and subjective well-being: Reassessing the easterlin paradox. IZA Discussion Paper, 3654, 1-30.
  • TDK (2021). Türk dil kurumu sözlükleri. 5 Mayıs 2021 tarihinde 15 Ocak 2008 tarihinde https://sozluk.gov.tr/ adresinden erişildi.
  • Tenaglia, S. (2007). Testing theories on happiness: A questionnaire. University of Tor Vergata-Roma, WorkingPaper, 1-44.
  • The Happy Planet Index (2016). 11 Mayıs 2020 tarihinde happyplanetindex.org/s/Briefing-paper-HPI-2016.pdf adresinden erişildi.
  • TUİK (2020). Yaşam memnuniyeti araştırması. 02 Mayıs 2021 tarihinde https://data.tuik.gov.tr/Bulten/Index?p=Yasam-Memnuniyeti-Arastirmasi-2020-37209 adresinden erişildi.
  • Veenhoven, R. & Dumludağ, D (2015). İktisat ve mutluluk. İktisat ve Toplum Dergisi, 58(2), 46-51.
  • Wanjuu, L. Z. & Le Roux P. (2017). Economic institutions and economic growth: Empirical evidence from the economic community of west african states. South African Journal of Economic and Management Sciences, 20(1), 1-10.
  • Warburton, N. (2011). Felsefenin kısa tarihi. İstanbul: Alfa Yayınları.
  • Woo, C. (2018). Good governance and happiness: Does technical quality of governance lead to happiness universally in both rich and poor countries. Journal of Internatıonal and Area Studıes, 25(1), 37-56.
  • Yerdelen Tatoğlu, F. & İçen, H. (2019). Çevresel kuznets eğrisinin çok boyutlu panel veri modelleri ile analizi. Anadolu İktisat ve İşletme Dergisi, 3(1), 26-38.
  • Yerdelen Tatoğlu, F. (2016). Various approaches for the estimation of the three-dimensional fixed and random effect models. Eurasian Econometrics, Statistics & Emprical Economics Journal, 5, 60‐70.
  • Yerdelen Tatoğlu, F. (2017). Avrupa ülkelerinde okun yasasının çok boyutlu panel veri modelleri ile analizi. Yönetim ve Çalışma Dergisi, 1(1), 43-56.
Toplam 54 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Gizem Mukiyen Avcı 0000-0002-9096-9290

Yayımlanma Tarihi 28 Haziran 2021
Kabul Tarihi 31 Mayıs 2021
Yayımlandığı Sayı Yıl 2021 Cilt: 12 Sayı: 23

Kaynak Göster

APA Mukiyen Avcı, G. (2021). GÜÇLÜ KURUMSAL YAPI DAHA YÜKSEK MUTLULUK GETİRİR Mİ? ÇOK BOYUTLU PANEL VERİ MODELİ ANALİZİNDEN KANITLAR. Kafkas Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 12(23), 181-213. https://doi.org/10.36543/kauiibfd.2021.010

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