@article{article_609595, title={POLITICAL STABILITY AND ECONOMIC DEVELOPMENT IN TURKIC COUNCIL: A DYNAMIC PANEL DATA ANALYSIS}, journal={Eurasian Research Journal}, volume={1}, pages={26–33}, year={2019}, author={Ege, İlhan}, keywords={Turkic council,political stability,economic development,panel data analysis,governance}, abstract={<p>Many studies have examined the relation between political stability and economic  <span style="font-size: 0.9em;">performance. Despite the long-lasting academic debate on this issue, </span> <span style="font-size: 0.9em;">there is no consensus on this relation. Political instability which is defined as  </span> <span style="font-size: 0.9em;">the deviations from normal pattern or a change or challenge to the current  </span> <span style="font-size: 0.9em;">political governance and economic growth are mainly interrelated. Many  </span> <span style="font-size: 0.9em;">empirical studies show that weak economic performance is likely to deteriorate  </span> <span style="font-size: 0.9em;">the political decision making process and may lead to emergence of  </span> <span style="font-size: 0.9em;">macroeconomic imbalances. The aim of this paper is to examine the causal </span> <span style="font-size: 0.9em;">association between economic development and political stability by employing  </span> <span style="font-size: 0.9em;">panel data analysis for members of Turkic council (Azerbaijan, Kazakhstan,  </span> <span style="font-size: 0.9em;">Kyrgyzstan and Turkey) for the period 2005-2014. Since there are  </span> <span style="font-size: 0.9em;">not many econometric studies to analyze the relation between political stability  </span> <span style="font-size: 0.9em;">and economic performance of Turkic nations, this study contributes to  </span> <span style="font-size: 0.9em;">the limited literature. </span> </p>}, number={1}, publisher={Khoja Akhmet Yassawi International Kazakh-Turkish University}