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A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth
Abstract
The main aim of this study is to critically analyze the effects of institutions on economic growth on the basis of a deeply literature review with a technological point of view. This study found that culture, traditions, tacit knowledge, openness to innovations are the outstanding points in new century and we assert that for increasing positive effects of institutions in the long term there should be a model for management and governance of business of institutions that is the whole economy in the digital macroeconomics. In the era of the upcoming industry 4.0, smart cities and e-government paradigms there should be integration of IT and business processes via a valid management and governance model. With the assumption that innovation digestion and cutting-edge IT capability of institutions have positive effect on their profitability and competency in the market, COBIT model is found to be a valid and sustainable framework for effective and efficient institutional set-ups that provide a sustainable platform for economic value creation cycle.
Keywords
References
- Acemoglu, D., Johnson, S. & Robinson, J. (2005). Institutions as a fundamental cause of long-run Growth. Handbook of Economic Growth, Volume 1A., Edited by Philippe Aghion and Steven N. Durlauf. Accessed on: 10.10.2020. https://economics.mit.edu/files/4469
- Acemoglu, D., Johnson, S. & Robinson, J. (2002). The rise of Europe: Atlantic trade, institutional change and economic growth. National Bureau of Economic Research. Working Paper, 9378 Accessed on: 10.10.2020. http://www.nber.org/papers/w9378.
- Acemoglu, D., Johnson, S., & Robinson, J.. (2001). The colonial origins of comparative development: an empirical investigation. The American Economic Review, 1369-1401.
- Adelman, I. (1999). The role of government in economic development, Department of Agricultural and Resource Economics and Policy Division of Agricultural and Natural Resources. University of California at Berkeley, Working Paper No: 890. Accessed on: 10.10.2020. http://ageconsearch.umn.edu/bitstream/25039/ 1/wp890.pdf
- Alesina, A. (1994). The political economy of growth: A critical review of the recent literature. World Bank Economic Review, 8(3), 351-371. Accessed on: 10.10.2020. http://documents.worldbank.org/ curated/en/383001468764673841/The-political-economy-of-growth-a-critical-survey-of-the-recent-literature
- Atmaca, Y. & Sağır, H. (2017). Avrupa Birliği bölgesel politikası ve Türkiye: kalkınma ajansları bağlamında bir analiz. Artvin Çoruh Üniversitesi Uluslararası Sosyal Bilimler Dergisi, 3(2), 67-88. DOI: 10.22466/acusbd.304471
- Bloch, H. & Tang, S. (2004). Deep determinants of economic growth: institutions, geography and openness to trade. Progress in Development Studies 4(3). 245–255. Accessed on: 10.10.2020. https://www.researchgate.net/publication/235737424_Deep_determinants_of_economic_growth_Institutions_geography_and_openness_to_trade
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Details
Primary Language
English
Subjects
-
Journal Section
Review
Publication Date
December 30, 2020
Submission Date
October 24, 2020
Acceptance Date
December 16, 2020
Published in Issue
Year 2020 Volume: 6 Number: 2
APA
Efe, A., & Şerefoğlu, C. (2020). A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth. Artvin Çoruh Üniversitesi Uluslararası Sosyal Bilimler Dergisi, 6(2), 95-114. https://doi.org/10.22466/acusbd.815892
AMA
1.Efe A, Şerefoğlu C. A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth. ACU-Int J Soc Sci. 2020;6(2):95-114. doi:10.22466/acusbd.815892
Chicago
Efe, Ahmet, and Coşkun Şerefoğlu. 2020. “A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth”. Artvin Çoruh Üniversitesi Uluslararası Sosyal Bilimler Dergisi 6 (2): 95-114. https://doi.org/10.22466/acusbd.815892.
EndNote
Efe A, Şerefoğlu C (December 1, 2020) A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth. Artvin Çoruh Üniversitesi Uluslararası Sosyal Bilimler Dergisi 6 2 95–114.
IEEE
[1]A. Efe and C. Şerefoğlu, “A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth”, ACU-Int J Soc Sci, vol. 6, no. 2, pp. 95–114, Dec. 2020, doi: 10.22466/acusbd.815892.
ISNAD
Efe, Ahmet - Şerefoğlu, Coşkun. “A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth”. Artvin Çoruh Üniversitesi Uluslararası Sosyal Bilimler Dergisi 6/2 (December 1, 2020): 95-114. https://doi.org/10.22466/acusbd.815892.
JAMA
1.Efe A, Şerefoğlu C. A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth. ACU-Int J Soc Sci. 2020;6:95–114.
MLA
Efe, Ahmet, and Coşkun Şerefoğlu. “A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth”. Artvin Çoruh Üniversitesi Uluslararası Sosyal Bilimler Dergisi, vol. 6, no. 2, Dec. 2020, pp. 95-114, doi:10.22466/acusbd.815892.
Vancouver
1.Ahmet Efe, Coşkun Şerefoğlu. A Governance Model for Increasing the Positive Effects of Institutions on the Long Run Economic Growth. ACU-Int J Soc Sci. 2020 Dec. 1;6(2):95-114. doi:10.22466/acusbd.815892
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