The Impact of Deliberative and Egalitarian Democracy on Economic Growth: A Club Convergence Analysis on OECD Countries

Year 2022, Volume: 30 Issue: 54, 335 - 355, 25.10.2022

Aykut Yağlıkara Bersu Bahtiyar

https://doi.org/10.17233/sosyoekonomi.2022.04.18

Abstract

This study explains the relationship between democracy and economic growth in OECD countries. In line with this purpose, in this study covering the period 1996-2020, the relationship between democracy and economic growth in OECD countries, which are divided into three different groups according to per capita income level by club convergence analysis, was examined by a panel cointegration and panel causality methods. According to the analysis results, in which deliberative and egalitarian democratic regime definitions are used to represent democracy, in the long run, the causality relationship between democracy and economic growth differs according to the per capita income levels and the implementation of the democratic regime of the countries.

Keywords

Democracy, Economic Growth, Club Convergence Analysis, Panel Data Analysis

Müzakereci ve Eşitlikçi Demokrasinin Ekonomik Büyüme Üzerindeki Etkisi: OECD Ülkeleri Üzerine Kulüp Yakınsama Analizi

Abstract

Bu çalışmada, OECD ülkelerinde demokrasi ve ekonomik büyüme arasındaki ilişkinin açıklanması amaçlanmaktadır. Bu amaç doğrultusunda 1996-2020 dönemini kapsayan çalışmada, kulüp yakınsama analizi ile kişi başına gelir düzeyine göre üç farklı gruba ayrılan OECD ülkelerinde demokrasi ve ekonomik büyüme arasındaki ilişki panel eşbütünleşme ve panel nedensellik yöntemleriyle incelenmiştir. Demokrasiyi temsilen müzakereci ve eşitlikçi demokratik rejim tanımlarının kullanıldığı analiz sonuçlarına göre, uzun dönemde demokrasi ve ekonomik büyüme arasında tespit edilen nedensellik ilişkisi, ülkelerin kişi başına gelir düzeylerine ve demokratik rejimin uygulanış biçimine göre farklılaşmaktadır.

Keywords

Demokrasi, Ekonomik Büyüme, Kulüp Yakınsama Analizi, Panel Veri Analizi

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