THE IMPACT OF PUBLIC INSTITUTIONAL QUALITY ON ECONOMIC GROWTH IN EU COUNTRIES: PANEL DATA ANALYSIS

Abstract

There are many empirical studies in the literature about the relationship between institutional factors and economic performance. In some of these studies, one-way relationships were observed among the relevant variables, and bilateral relationships were observed at others. In this research, based on the available literature, the possible impact of public institutional quality on economic growth in EU countries for the period of 2002-2019 was investigated. The institutional quality series used in the study; It was created by taking the arithmetic mean of the values of the series government efficacy, regulatory quality, control of corruption, rule of law, accountability, political stability and absence of violence / terrorism. In the findings obtained; It has been determined that the higher the institutional quality in the public, the higher the economic growth.

Keywords

• Public Administration
• Institutional Quality
• Growth
• European Union
• Panel Data Analysis

AB ÜLKELERİNDE KAMUDAKİ KURUMSAL KALİTENİN EKONOMİK BÜYÜMEYE ETKİSİ: PANEL VERİ ANALİZİ

Abstract

Literatürde kurumsal faktörler ve ekonomik performans arasındaki ilişkiye dair birçok ampirik çalışma bulunmaktadır. Bu çalışmaların bazısında ilgili değişkenler arasında tek yönlü bazısında ise çift yönlü ilişkiler gözlemlenmiştir. Bu araştırmada mevcut literatüre dayanarak, 2002-2019 dönemi için AB Ülkelerindeki kamudaki kurumsal kalitenin, ekonomik büyüme üzerindeki olası etkisi araştırılmıştır. Çalışmada kullanılan kurumsal kalite serisi; Hükümet etkinliği, düzenleyici kalite, yolsuzluğun kontrolü, hukukun üstünlüğü, hesap verebilirlik, siyasi istikrar ve şiddetin / terörizm yokluğu değerlerinin aritmetik ortalaması alınmak suretiyle oluşturulmuştur. Elde edilen bulgularda; kamudaki kurumsal kalite arttıkça, ekonomik büyümenin de arttığı tespit edilmiştir.

Keywords

• Kamu Yönetimi
• Kurumsal Kalite
• Büyüme
• Avrupa Birliği
• Panel Veri Analizi

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