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İYİ YÖNETİŞİMİN SEÇİLMİŞ SOSYAL VE EKONOMİK GÖSTERGELER ÜZERİNDEKİ ETKİLERİ: ORTA ASYA TÜRK CUMHURİYETLERİ VE TÜRKİYE ÖRNEĞİ

Year 2023, , 77 - 100, 27.10.2023
https://doi.org/10.17753/sosekev.1307154

Abstract

Orta Asya Türk Cumhuriyetleri ve Türkiye’de iyi yönetişim göstergelerinin ekonomik ve sosyal göstergeler üzerinde etkili olup olmadığını tespit etmek bu araştırmanın problemini oluşturmaktadır. Belirtilen araştırma problemi ekseninde yapılan bu çalışmada, 2004-2020 dönemi için Orta Asya Türk Cumhuriyetleri ve Türkiye’de iyi yönetişim göstergelerinin ekonomik ve sosyal etkileri, Banerjee ve Carrion-i-Silvestre (2017) eşbütünleşme testi ve panel AMG tahmin yöntemiyle incelenmiştir. Eşbütünleşme analiz sonuçlarına göre modellerde yer alan seriler arasında eşbütünleşme ilişkisi bulunmuştur. Panel AMG tahmin yöntemiyle yapılan eşbütünleşme katsayı tahmin sonuçlarına göre katılım ve hesap verebilirliğin Azerbaycan’da, hükumetin etkinliği ve düzenlemelerin kalitesi göstergelerinin ise Özbekistan’da doğrudan yabancı yatırım girişini pozitif etkilediği görülmüştür. İncelenen ülkelerde politik istikrarın Azerbaycan’da, hükumetlerin etkinliğinin Türkmenistan’da ve iyi yönetişim göstergelerinin tamamının Özbekistan’da insani gelişmişlik seviyesini olumlu etkileyen faktörler olduğu sonucuna ulaşılmıştır. Panelin geneli için elde edilen sonuçlara göre hesap verebilirlik ve hukukun üstünlüğü göstergelerinin, insani gelişmişlik endeksi ile negatif yönlü bir ilişki içerisinde oldukları tespit edilmiştir. Azerbaycan’da hesap verebilirlik ve politik istikrar, Tacikistan’da hükümetlerin etkinliği ve düzenlemelerin kalitesi ve Kırgızistan’da ise tüm iyi yönetişim göstergeleri, kişi başı milli gelir düzeyini pozitif etkileyen faktörler olmuştur. İyi yönetişim ile ekonomik ve sosyal göstergeler arasındaki ilişkinin incelenen ülkeler arasında farklılık göstermesi, politik ve kurumsal faktörlerin önemini yansıtmaktadır.

Supporting Institution

Yok

Project Number

Yok

References

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  • Mira, R., & Hammadache, A. (2017). Good governance and economic growth: A contribution to the institutional debate about state failure in Middle East and North Africa. Asian Journal of Middle Eastern and Islamic Studies, 11(3), 107-120. https://doi.org/10.1080/25765949.2017.12023313
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The Effects of Good Governance on Selected Social and Economic Indicators: The Case of Central Asian Turkish Republics and Türkiye

Year 2023, , 77 - 100, 27.10.2023
https://doi.org/10.17753/sosekev.1307154

Abstract

The problem of this research is to determine whether good governance indicators are effective on economic and social indicators in the Central Asian Turkish Republics and Türkiye. In this study conducted within the scope of the stated research problem, the economic and social effects of good governance indicators in the Central Asian Turkic Republics and Türkiye for the period 2004-2020 were examined using the Banerjee and Carrion-i-Silvestre (2017) cointegration test and panel AMG estimation method. According to the cointegration analysis results, cointegration relationship has been found between the series in the models. According to the results of cointegration coefficient estimation with the panel AMG estimation method; participation and accountability have a positive effect on foreign direct investment inflows in Azerbaijan, while the effectiveness of governments and quality of regulations have a positive effect on foreign direct investment inflows in Uzbekistan. It is reached the conclusion that political stability in Azerbaijan, the effectiveness of governments in Turkmenistan and all good governance indicators in Uzbekistan are factors that positively affect the level of human development. According to the results obtained for the overall panel, accountability and rule of law indicators have a negative relationship with the human development index. Accountability and political stability in Azerbaijan, effectiveness of governments and quality of regulations in Tajikistan, and all good governance indicators in Kyrgyzstan positively affect the level of per capita income. The fact that the relationship between good governance and economic and social indicators differs among the countries analyzed reflects the importance of political and institutional factors.

Project Number

Yok

References

  • Acemoglu, D., & Robinson, J. A. (2012). Why nations fail: The origin of power, prosperity and poverty. Profile Books Ltd.
  • Acemoglu, D., & Robinson, J. A. (2010). Why is Africa poor? Economic History of Developing Regions, 25(1), 21-50. https://doi.org/10.1080/20780389.2010.505010
  • Acet, H., Ashurov, E., & Qhatır, A. Q. (2020). Doğrudan yabancı yatırımlar ve ekonomik büyüme arasındaki ilişki: Orta Asya ülkeleri örneği. Selçuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 43, 391-402.
  • Addison, T., & Heshmati, A. (2003). The new global determinants of FDI fows to developing countries: The importance of ICT and democratisation. World Institute for Development Economics Research, No. 2003/45.
  • Ahmad, Z., & Saleem, A. (2014). Impact of governance on human development. Pakistan Journal of Commerce and Social Sciences, 8(3), 612-628.
  • Al-Marhubi, F. (2004). The determinants of governance: A cross‐country analysis. Contemporary Economic Policy, 22(3), 394-406. https://doi.org/10.1093/cep/byh029
  • Almohammed, H., & Ekşi, İ. H. (2021). Is governance effective in economic growth? Evidence from MSCI countries. Hitit Journal of Social Sciences, 14(1), 40-55. https://doi.org/10.17218/hititsbd.926999
  • Al-Naser, M., & Hamdan, A. (2021). The impact of public governance on the economic growth: Evidence from Gulf Cooperation Council countries. Economics and Sociology, 14(2), 85-110. https://doi.org/10.14254/2071-789X.2021/14-2/5
  • Baltagi, B., Feng, Q., & Kao, C. (2012). A lagrange multiplier test for cross-sectional dependence in a fixed effects panel data model. Journal of Econometrics, 170(1), 164-177. https://doi.org/10.1016/j.jeconom.2012.04.004
  • Banerjee, A., & Carrion-i-Sivestre, J. L. (2017). Testing for panel cointegration using common correlated effects estimators. Journal of Time Series Analysis, 38(4), 610-636. https://doi.org/10.1111/jtsa.12234
  • Bellos, S., & Subasat, T. (2012). Governance and foreign direct investment: A panel gravity model approach. International Review of Applied Economics, 26(3), 303-328. https://doi.org/10.1080/02692171.2011.587110
  • Boeninger, E. (1992). Governance and development: Issues and constraints. The World Bank Economic Review, 5(1), 267–288. https://doi.org/10.1093/wber/5.suppl_1.267
  • Brautigam, D. (1991). Governance and economy: A review. World Bank Policy Research Working Paper, No. 815.
  • Breusch, T. S., & Pagan, A. (1980). The lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253. https://doi.org/10.2307/2297111
  • Cheema, G. S. (2005). Building democratic institutions: Governance reform in developing countries. Kumarian.
  • Cuervo-Cazurra, A. (2008). Better the devil you don’t know: Types of corruption and FDI in transition economies. Journal of International Management, 14(1), 12-27. https://doi.org/10.1016/j.intman.2007.02.003
  • Davis, T. (2017). Good governance as a foundation for sustainable human development in Sub-Saharan Africa. Third World Quarterly, 38(3), 636-654. https://doi.org/10.1080/01436597.2016.1191340
  • Dixit, A. (2009). Governance institutions and economic activity. American Economic Review, 99(1), 5-24.
  • Dunning, J. (2003). Determinants of foreign direct investment globalization induced changes and the roles of FDI policies. The World Bank.
  • Eberhardt, M., & Bond, S. (2009). Cross-section dependence in nonstationary panel models: A novel estimator. MPRA Paper No. 17692.
  • Engle, R., & Granger, C. (1987). Cointegration and error-correction: Representation, estimation and testing. Econometrica, 55(2), 251-276. https://doi.org/10.2307/1913236
  • Fukuyama, F. (2013). What is governance? Center for Global Development Working Paper, No.314.
  • Globerman, S., & Shapiro, D. (2003). Governance infrastructure and US foreign direct investment. Journal of International Business Studies, 34(1), 19-39.
  • Globerman, S., & Shapiro, D. (2002). Global foreign direct investment flows: The role of governance infrastructure. World Development, 30(11), 1899-1919. https://doi.org/10.1016/S0305-750X(02)00110-9
  • Granger, C., & Newbold, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2(2), 111-120. https://doi.org/10.1016/0304-4076(74)90034-7
  • Grief, A. (1994). Cultural belief and the organization of the society: A historical and theoretical reflection on collectivist and individualist societies. The Journal of Political Economy, 102(05), 912-915.
  • Grindle, M. (2014). Good enough governance: Poverty reduction and reform in developing countries. Development Policy Review, 17(4), 525-548. https://doi.org/10.1111/j.0952-1895.2004.00256.x
  • Habib, M., & Zurawicki, L. (2002). Corruption and foreign direct investment. Journal of International Business Studies, 33(2), 291-307.
  • Hall, R., & Jones, C. (1999). Why do some countries produce so much more output per worker than others. The Quarterly Journal of Economics, 114(1), 83-116.
  • Han, X., Khan, H., & Zhuang, J. (2014). Do governance indicators explain development performance? A cross-country analysis. ADB Economics Working Paper Series, No. 417.
  • Hanayı, O. (2019). Turkic Republics in the twenty-seventh year of independence. Eurasian Research Journal July 1(2), 85-87.
  • Huang, C., & Ho, Y. (2017). Governance and economic growth in Asia. North American Journal of Economics and Finance, 39, 260-272.
  • Islam, R., & McGillivray, M. (2020). Wealth inequality, governance and economic growth. Economic Modelling, 88, 1-13.
  • Kaufmann, D., Kraay, A., & Zoido-Lobaton, P. (1999). Governance matters. World Bank Research Series, No. 2196.
  • Kaufmann, D., & Kraay, A. (2007). Governance indicators: Where are we, where should we be going? Policy Research Working Paper, No. 4370.
  • Kaufmann, D., Kraay, A., & Mastruzzi, M. (2010). The worldwide governance indicators methodology and analytical issues. Policy Research Working Paper, No. 5430.
  • Khouya, M., & Benabdelhadi, A. (2020). Good governance and its impact on economic development: A systematic literature review. International Journal of Accounting, Finance, Auditing, Management & Economics, 1(1), 47-67.
  • Khushnood, E., Channa, Z. H., Bhutto, M., & Erri, M. A. (2020). Impact of good governance indicators on the inflow of foreign direct investment (FDI) in Pakistan. NICE Research Journal, 13(2), 69-83. https://doi.org/10.51239/nrjss.v0i0.175
  • Kraipornsak, P. (2018). Good governance and economic growth: An investigation of Thailand and selected Asian countries. Eurasian Journal of Economics and Finance, 6(1), 93-106.
  • Landell-Mills, P., & Serageldin, I. (1991). Governance and the development process. World Bank Finance and Development, 28 (3), 14-17.
  • Li, S. (2005). Why a poor governance environment does not deter foreign direct investment: The case of China and its implications for investment protection. Business Horizons, 48(4), 297-302. https://doi.org/10.1016/j.bushor.2004.06.002
  • Lucas, R. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22, 3-42. https://doi.org/10.1016/0304-3932(88)90168-7
  • Mengistu, A. A., & Adhikary, B. K. (2011). Does good governance matter for FDI inflows? Evidence from Asian economies. Asia Pacific Business Review, 17(3), 281-299. https://doi.org/10.1080/13602381003755765
  • Mira, R., & Hammadache, A. (2017). Good governance and economic growth: A contribution to the institutional debate about state failure in Middle East and North Africa. Asian Journal of Middle Eastern and Islamic Studies, 11(3), 107-120. https://doi.org/10.1080/25765949.2017.12023313
  • Noorbakhsh, F., Paloni, A., & Youssef, A. (2001). Human capital and FDI inflows to developing countries: New empirical evidence. World Development, 29(9), 1593-1610. https://doi.org/10.1016/S0305-750X(01)00054-7
  • North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge University.
  • North, D.C., & Thomas R.P. (1973). The rise of the western world: A new economic history, Cambridge University Press.
  • North, D.C. (1991). Institutions. The Journal of Economic Perspectives, 5(1), 97-112.
  • Ofori, I. K., & Asonngu, S. A. (2021). Foreign direct investment, governance and inclusive growth in Sub-Saharan Africa. European Xtramile Centre of African Studies Workin Paper, No: WP/21/038.
  • Özdemir, D., & İmamoğlu, İ. K. (2021). Yönetişim göstergeleri ve büyüme: Gelişmiş ve gelişmekte olan G20 ülkeleri için bir nedensellik analizi. International Journal of Economics, Business and Politics, 5(1), 113-135. https://doi.org/10.29216/ueip.878932
  • Özek, Y. (2020). Political stability and economic growth relation: The case of Turkey and Turkic Republics. Journal of Economics, Finance and Accounting (JEFA), 7(3), 263-273.
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There are 75 citations in total.

Details

Primary Language Turkish
Subjects Public Finance
Journal Section Articles
Authors

Ahmet Köstekçi 0000-0001-8485-887X

Abdunnur Yıldız 0000-0002-6068-3363

Yunus Gülcü 0000-0002-8464-4721

Mehmet Ali Çakır 0000-0001-7878-5192

Project Number Yok
Publication Date October 27, 2023
Published in Issue Year 2023

Cite

APA Köstekçi, A., Yıldız, A., Gülcü, Y., Çakır, M. A. (2023). İYİ YÖNETİŞİMİN SEÇİLMİŞ SOSYAL VE EKONOMİK GÖSTERGELER ÜZERİNDEKİ ETKİLERİ: ORTA ASYA TÜRK CUMHURİYETLERİ VE TÜRKİYE ÖRNEĞİ. EKEV Akademi Dergisi(Özel Sayı), 77-100. https://doi.org/10.17753/sosekev.1307154