KURUMSAL GELİŞME VE İKTISADİ BÜYÜME: DOĞU AVRUPA GEÇİŞ EKONOMİLERİ ÖRNEĞİ

Year 2020, Volume: 10 Issue: 20, 245 - 262, 31.12.2020

Seymur Ağazade Seyfettin Artan Pınar Hayaloğlu

Abstract

Bu çalışmada kurumsal yapının büyüme üzerindeki etkisi 12 Doğu Avrupa geçiş ekonomisi için incelenmiştir. 1990’lı yıllarda planlı ekonomiden serbest piyasa ekonomisine geçiş yapmış olan bu ülkelerde piyasa ekonomisine ilişkin reformlar yanında kurumsal arka planın oluşturulmasının ekonomik performansı nasıl etkileyeceği önem arz etmektedir. Çalışmanın ele alınan ülkelerde bu doğrultuda uygulanacak politikalara ışık tutması amaçlanmaktadır. Bu çalışmada kurumsal yapının büyüme üzerindeki etkisi 12 Doğu Avrupa geçiş ekonomisi için incelenmiştir. 1990’lı yıllarda planlı ekonomiden serbest piyasa ekonomisine geçiş yapmış olan bu ülkelerde piyasa ekonomisine ilişkin reformlar yanında kurumsal arka planın oluşturulmasının ekonomik performansı nasıl etkileyeceği önem arz etmektedir. Çalışmanın ele alınan ülkelerde bu doğrultuda uygulanacak politikalara ışık tutması amaçlanmaktadır.

Keywords

Kurumsal İktisat, Ekonomik Büyüme, Geçiş Ekonomileri

INSTITUTIONAL DEVELOPMENT AND ECONOMIC GROWTH: THE CASE OF EASTERN EUROPEAN TRANSITION ECONOMIES

Abstract

The institutional approach to economic theory, claiming that the economy cannot be evaluated
independently of the effect of the institutional, has been frequently included in the growth literature since
the 1990s. In line with this view, the effects of institutional structure on economic growth were investigated
for the Eastern European transition economies sample. The study, in which panel data analysis was
used, covers the years 2006-2017. In the study, indices related to the institutional structures of the
countries, obtained from the World Economic Forum Global Competitiveness Index were used. Analysis
results show that institutional quality and quality of public institutions affect economic growth positively.
Accordingly, 1% change in the institutional quality index affects the GDP by approximately 0.29% and the
GDP per capita by 0.37% in the same direction. The effect of 1% change in the quality of public institutions
index was determined to be approximately 0.35% and 0.43%, respectively. According to the findings, it
can be said that the implementation of policies that will encourage institutional development in the sample
countries will play an important role in ensuring a sustainable economic growth.

Keywords

Institutional Development, Economic Growth, Transition Economies

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