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The Relationship Between Voting Power and Economic Growth

Year 2013, Volume: 8 Issue: 1, 295 - 317, 01.03.2013

Abstract

The purpose of this study is analyzing the impacts of voting power on the economic growth in the political decision making process. In the study; it is proposed that the changes of voting power, which the parties in the assembly have, affect the economic growth. Voting power of parties calculated by the Normalized Banzhaf Index of Power (NBI) technique. In the period of 1987-2009, three different voting power indexes were calculated for the political parties in the parlements of 47 countries. According to results of the analysis, which was done by the panel data method, the increase in the voting power of main opposition party affects the economic growth negavitely, while the increase in the voting power of the government or the party that forms the government affects the economic growth positively.

References

  • Abu-Bader, Suleiman ve Aamer, S., Abu-Qarn, (2003), “Government Expenditures, Military Spending And Economic Growth: Causality Evidence From Egypt, Israel, And Syria”, Journal Of Policy Modeling, 25(6–7), 567–583.
  • Adejumobı, Said, (2000), “Between Democracy and Development in Africa: What are the Missing Links?”, University of Cape Town: Centre for African Studies, Paris, http://unpan1.un.org/intradoc/groups/public/documents/undpadm/unpan041157.pdf (Erişim:11.09.2012).
  • Aghıon, Philippe ve Peter, Howıtt, (1994), “Growth And Unemployment”, Review Of Economic Studies, 61(3), 477–494.
  • Al-Farıs, Abdulrazak Faris, (2002), “Public Expenditure And Economic Growth İn The Gulf Cooperation Council Countries,” Applied Economics, 34(9), 1187- 1193.
  • Alfaro, Laura, Areendam, Chanda, Şebnem Ozcan, Kalemli ve Selin, Sayek, (2004), “Fdı And Economic Growth: The Role Of Local Financial Markets”, Journal Of International Economics, 64(1), 89–112.
  • Al-Yousıf, Yousif Khalifa, (2001), “Do Government Expenditures Inhibit Or Promote Economic Growth: Some Empirical Evidence From Saudi Arabia”, The Indian Economic Journal, 48(2), 92–96.
  • Apergıs, Nicholas, (2005), “Inflation Uncertainty And Growth: Evidence From Panel Data”, Australian Economic Papers, 44(2), 186–197.
  • Araı, Mahmood, Mats, Kınnwall ve Peter Skogman, Thoursıe, (2004), “Cyclical And Causal Patterns Of Inflation And Gdp Growth”, Applied Economics, 36(15), 1705– 17
  • Arat, Zehra, F. (1988), “Democracy and Economic Development: Modernization Theory Revisite”, Comparative Politics, 21(1), 21–36.
  • Asheghıan, Parviz, (2004), “Determinants Of Economic Growth In The United States The Role Of Foreign Direct Investment”, The International Trade Journal, 18(1), 63–
  • Bakırtaş, İbrahim ve Cüneyt, Koyuncu, (2010), “The Relationship Between Voting Power And Stock Exchange Market: The Case Of Turkey”, International Research Journal Of Finance And Economics, 48, 23–32.
  • Balduccı, Renato, (2006), “Public Expenditure And Economic Growth A Critical Extension Of Barro’s (1990) Model”, Economia Politica, 23(2), 163–172.
  • Banzhaf, John F, (1965), “Weighted Voting Doesn’t Work: A Mathematical Analysis”, Rutgers Law Review, 19(2), 317–343.

Oylama Gücü ve Ekonomik Büyüme Arasındaki İlişki

Year 2013, Volume: 8 Issue: 1, 295 - 317, 01.03.2013

Abstract

Bu çalışmanın amacı politik karar alma sürecinde oylama gücünün ekonomik büyüme üzerindeki etkilerini incelemektir. Çalışmada politik karar alma sürecinde meclisteki partilerin oylama güçlerinde yaşanan değişimlerin ekonomik büyümeyi etkilediği ileri sürülmektedir. Partilerin oylama güçleri Normalize Edilmiş Banzhaf Oylama Güç İndeksi (NBI) tekniği ile hesaplanmıştır. 1987-2009 periyodunda 47 ülkenin parlamentolarında yer alan politik partiler için yıllık olarak üç farklı oylama güç indeks değeri hesaplanmıştır. Panel veri yöntemiyle yapılan analiz sonuçlarına göre; hükümetin veya hükümeti kuran politik partinin oylama gücündeki artış ekonomik büyümeyi pozitif yönde etkilerken; ana muhalefet partisinin oylama gücündeki artış ekonomik büyümeyi negatif yönde etkilemektedir.

References

  • Abu-Bader, Suleiman ve Aamer, S., Abu-Qarn, (2003), “Government Expenditures, Military Spending And Economic Growth: Causality Evidence From Egypt, Israel, And Syria”, Journal Of Policy Modeling, 25(6–7), 567–583.
  • Adejumobı, Said, (2000), “Between Democracy and Development in Africa: What are the Missing Links?”, University of Cape Town: Centre for African Studies, Paris, http://unpan1.un.org/intradoc/groups/public/documents/undpadm/unpan041157.pdf (Erişim:11.09.2012).
  • Aghıon, Philippe ve Peter, Howıtt, (1994), “Growth And Unemployment”, Review Of Economic Studies, 61(3), 477–494.
  • Al-Farıs, Abdulrazak Faris, (2002), “Public Expenditure And Economic Growth İn The Gulf Cooperation Council Countries,” Applied Economics, 34(9), 1187- 1193.
  • Alfaro, Laura, Areendam, Chanda, Şebnem Ozcan, Kalemli ve Selin, Sayek, (2004), “Fdı And Economic Growth: The Role Of Local Financial Markets”, Journal Of International Economics, 64(1), 89–112.
  • Al-Yousıf, Yousif Khalifa, (2001), “Do Government Expenditures Inhibit Or Promote Economic Growth: Some Empirical Evidence From Saudi Arabia”, The Indian Economic Journal, 48(2), 92–96.
  • Apergıs, Nicholas, (2005), “Inflation Uncertainty And Growth: Evidence From Panel Data”, Australian Economic Papers, 44(2), 186–197.
  • Araı, Mahmood, Mats, Kınnwall ve Peter Skogman, Thoursıe, (2004), “Cyclical And Causal Patterns Of Inflation And Gdp Growth”, Applied Economics, 36(15), 1705– 17
  • Arat, Zehra, F. (1988), “Democracy and Economic Development: Modernization Theory Revisite”, Comparative Politics, 21(1), 21–36.
  • Asheghıan, Parviz, (2004), “Determinants Of Economic Growth In The United States The Role Of Foreign Direct Investment”, The International Trade Journal, 18(1), 63–
  • Bakırtaş, İbrahim ve Cüneyt, Koyuncu, (2010), “The Relationship Between Voting Power And Stock Exchange Market: The Case Of Turkey”, International Research Journal Of Finance And Economics, 48, 23–32.
  • Balduccı, Renato, (2006), “Public Expenditure And Economic Growth A Critical Extension Of Barro’s (1990) Model”, Economia Politica, 23(2), 163–172.
  • Banzhaf, John F, (1965), “Weighted Voting Doesn’t Work: A Mathematical Analysis”, Rutgers Law Review, 19(2), 317–343.
There are 13 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Ceyhun Haydaroğlu This is me

İbrahim Bakırtaş This is me

Cüneyt Koyuncu This is me

Publication Date March 1, 2013
Submission Date November 2, 2014
Published in Issue Year 2013 Volume: 8 Issue: 1

Cite

APA Haydaroğlu, C., Bakırtaş, İ., & Koyuncu, C. (2013). Oylama Gücü ve Ekonomik Büyüme Arasındaki İlişki. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 8(1), 295-317.