ÜLKELERİN GELİŞMİŞLİK FARKLILIKLARI ÖZGÜRLÜK YAPISI İLE AÇIKLANABİLİR Mİ?

Year 2023, , 626 - 644, 30.11.2023

Nalan Kangal , İlhan Eroğlu

https://doi.org/10.53092/duiibfd.1330316

Abstract

Bu çalışmanın amacı, ülkelerin liberal yapısı ile ülkelerin kalkınması arasındaki ilişkiyi test etmektir. Bunun için performans ölçütü olarak kişi başına düşen GSYİH ve fiyat istikrarı kullanılmıştır. Bu amaçla gelişmiş ve gelişmekte olan ülkeler için iki ayrı model oluşturulmuştur. Model I ekonomik özgürlüklerin kişi başına düşen GSYİH üzerindeki etkisini, Model II ise ekonomik özgürlüklerin tüketici fiyat endeksi üzerindeki etkisini analiz etmektedir. Gelişmiş ve gelişmekte olan ülke grupları için panel veri analizi kullanılarak yapılan analiz sonuçlarına göre, özgürlükçü bir yapının ekonomik büyümeyi pozitif yönde etkilediği ve ülkeler arasındaki gelişmişlik farklarının ortaya çıkmasında ayırt edici bir unsur olduğu, özgürlükçü bir yapının fiyat istikrarı ile anlamlı bir ilişkisinin olmadığı bulgularına ulaşılmıştır. Bu bulgular, enflasyonun her zaman parasal bir olgu olduğu yönündeki Monetarist görüşü destekleyen kanıtlar sunmaktadır. Bu çalışmanın sonuçlarına göre, özellikle gelişmekte olan ülkelerin para ve maliye politikalarında fiyat istikrarına yönelik ihtiyatlı politikalar uygulamaları önerilmektedir.

Keywords

Ekonomik Özgürlük, Ekonomik Büyüme, Fiyat İstikrarı, Panel Veri Analizi

CAN THE DEVELOPMENT DIFFERENCES OF COUNTRIES BE EXPLAINED WITH A FREEDOM STRUCTURE?

Abstract

This study aims to test the relationship between the liberal structure of countries and the development of countries. GDP per capita and price stability were used as performance measures for this. For this purpose, two separate models were constructed for developed and developing countries. Model I analyses the effect of economic freedoms on GDP per capita and Model II analyses the impact of economic releases on the consumer price index. According to the analysis using panel data analysis for developed and developing country groups, the findings reveal that a libertarian structure positively affects economic growth and is a discriminator in the emergence of development differences in countries. In contrast, a libertarian design does not have a significant relationship with price stability. These findings provide evidence in support of the Monetarist view that inflation is always a monetary phenomenon. According to the results of this study, it is recommended that especially developing countries should implement prudent policies towards price stability in monetary and fiscal policy.

Keywords

Economic Freedom, Economic Growth, Price Stability, Panel Data Analysis

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