Kurumlar ve Uluslararası Ticaret İlişkisi: Geçiş Ekonomileri Üzerine Panel Veri Analizi ile Bir İnceleme
Year 2020,
Volume: 28 Issue: 45, 165 - 186, 30.07.2020
Pınar Çuhadar
,
Ömer Doru
Abstract
Bu çalışmanın amacı kurumsal kalite ölçütü olarak yönetişim göstergeleri ve uluslararası ticaret arasındaki ilişkiyi geçiş ekonomileri üzerinde 1996-2016 yılları için sınamaktır. Kurumlar ile ihracat ve toplam uluslararası ticaret arasındaki ilişki yapısal kırılmaları göz önünde bulundurmayan ve çoklu yapısal kırılmaları baz alan eş-bütünleşme testlerine göre ile değerlendirilmiştir. Yapılan analiz neticesinde yapısal kırılmaları dikkate almayan testlerde değişkenler arasında eş-bütünleşme ilişkisi tespit edilmiştir. Ülkelerin Merkezi ve Doğu Avrupa ile Baltık ve Bağımsız Devlet Topluluğu (BDT) ülkeleri şeklinde ayrıştırılarak mal ihracatının yönetişim göstergeleri ile ilişkisi analiz edildiğinde ise MDA ve Baltık ülkelerinin mal ihracat düzeyi ile yönetişim göstergeleri arasında pozitif i anlamlı ilişki bulunmuştur.
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Institutions and International Trade Linkages: An Investigation with Panel Data Analysis on Transition Economies
Year 2020,
Volume: 28 Issue: 45, 165 - 186, 30.07.2020
Pınar Çuhadar
,
Ömer Doru
Abstract
The purpose of the paper is to analyze the impact of governance indicator as a measure of institutional quality on international trade over transitions economies for the period 1996-2016. The relationship between institutions and exports and total international trade has been evaluated according to cointegration tests with and without structural breaks. As a result of the empirical analysis, cointegration relationship is determined between the variables in tests that did not consider structural breaks. When the relationship of the exports of goods with the governance indicators is analyzed by CCE and the Baltic countries and the CIS separately, a significant positive relation is found between the export level of goods and the governance indicators of CEE and Baltic States.
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- Acemoğlu, D., Johnson, S., Robinson, J. (2005). "The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth". American Economic Review, 95(3), 545-579
- Breush, T., S., Pagan, A.,R.(1980). "The Langrange Multiplier Test and its Applications to Model Specification in Econometrics". The Review of Economic Studies, 47(1), Econometrics Issue, 239-253.
- Bulgurcu, B., Özdemir, P. (2015). "Geçiş Ekonomilerinde Sağlık Harcamalarının Etkinliği Üzerine Bir İnceleme". Ege Akademik Bakış, 15(4), 523-537.
- Çukadar, Özdemir, P. (2018). "Piyasalaşma Sürecinin Geçiş Ekonomilerinde Refah Devleti Anlayışı Üzerine Etkileri". Maliye Dergisi, 173: 244-264.
- Gani, A., Prasad, Biman, C. (2006). "Institutional Quality and Trade in Pacific Island Countries. Asia-Pacific Research and Training Network on Trade Working Paper Series, No. 20.
- Greif, A. (1992). "Institutions and International Trade: Lessons from the Commercial Revolution". The American Economic Review,82 (2). 128-133.
- Faruq, H., A. (2011). "How Institutions Affect Export Quality". Economic Systems, 35, 586-606.
- Fakher, A. (2014). "Quality of Institutions and Integration in the World Economy: Applied Study on Egypt". Journal of Economics and Business, 17(2), 69-96
- Hochman, G., Tabakis, C., Ziberman, D. (2013). "The Impact of International Trade on Institutions and Infrastructure". Journal of Comparative Economics, 41, 126–140.
- Kuncic, A. (2013). Trade and Institutions: Do not Forget Institutional Distance. Working Paper, CERGE-EI, 1-21
- Krasniqi, B., Desai, S. (2017). "Institutions and Export Performance in 26 Transition Economies". Springer International Publishing AG 2017 A. Sauka, A. Chepurenko (eds.), Entrepreneurship in Transition Economies, Societies and Political Orders in Transition
- Levchenko, A.(2006)."Institutional Quality and International Trade". IMF Working Paper, 1-41.
- Levchenko, A. (2011)."International Trade and Institutional Change". NBER Working Paper No. 17675, 1-41.
- Me´On, P. and Sekkat, K. (2008)."Institutional Quality and Trade: Which Institutions? Which Trade?." Economic Inquiary, 46(2), 227-240.
- Marcella, N. (2017). "Institutions and Offshoring Behavior". The International Trade Journal, 1-17
- Naseer, S., Mangla, Inayat, U. (2017). "Institutional Quality, Human Capital and Exports: An Empirical Investigation". 33rd Pakistan Society of Development Economics Annual Meeting, 12-14 December.
- North, D. (1991). "Institutions". Journal of Economic Perspectives, 5(1), 97-112
- Nunn, N. (2007). "Relationsip-Specifıcity, Incomplete Contracts, and the Pattern of Trade". The Quarterly Journal of Economics, May, 569-600.
- Nunn, N., Trefler, D. (2014). "Domestic Institutions as a Source of Comparative Advantage". Handbook of International Economics, 4, 263-315.
- Özdemir, P. (2015). Kurumlar, Yönetişim ve Ekonomik Gelişme. Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Doktora Tezi, Adana
- Pesaran, H. (2006). "Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure". Econometrica, 74 (4). 967–1012
- Pesaran , H. (2007). "Simple Panel Unit Root Test in The Presence of Cross-Sectıon Dependence". Journal of Applied Econometrıcs, 22, 265–312.
- Pesaran, H. Ullah, A., Yamagata, T. (2008). "A Bias-Adjusted LM Test of Error Cross-Section Independence". Econometrics Journal, 11, 105–127.
- Puga, D., Trefler, D. (2014). "Internatıonal Trade and Institutional Change: Medıeval Venıce’s Response to Globalızatıon". The Quarterly Journal of Economics, 753–821.
- Saad, I. (2014). Three Essays on International Trade and Institutions. PhD Dissertation, University of Michigan, USA
- Soenga, R., Cuyvers, L. (2018)." Domestic Institutions and Export Performance: Evidence for Cambodia". The Journal of International Trade & Economıc Development, 27(4) 389–408.
- Westerlund,J., Edgerton, D. (2007)."A Panel Bootstrap Cointegration Test. Economics Letters, 97, 185–190.
- Westerlund, J. (2006). "Testing for Panel Cointegration with Multiple Structural Breaks". Oxford Bulletin of Economıcs and Statıstıcs, 68 (1).
- Voight, S. (2012). "How not to Measure Institutions." Journal of Institutional Economics, 9(1), 1-26.
- Zarzoso, Martinez, I., Ramos, Marguez, L. (2018). "Exports and Governance: Is the Middle East and North Africa Region Different". The World Economy, 1-32.