YÖNETİŞİM GÖSTERGELERİ VE BÜYÜME: GELİŞMİŞ VE GELİŞMEKTE OLAN G20 ÜLKELERİ İÇİN BİR NEDENSELLİK ANALİZİ / Governance Indicators and Growth: A Causality Analysis for Developed and Developing G20 Countries

Year 2021, Volume: 5 Issue: 1, 113 - 135, 30.04.2021

Dilek Özdemir , İlyas Kays İmamoğlu

https://doi.org/10.29216/ueip.878932

Cited By: 5

Abstract

Ekonomik büyüme ve yönetişim göstergeleri arasındaki ilişkinin ve yönünün belirlenmesi, ülkelerin uygulayacakları ekonomi politikalarını şekillendiren önemli unsurlardır. Bu çalışmada 9 gelişmiş ve 9’u gelişmekte olan ülke olmak üzere toplamda 18 G20 ülkesinin 2002-2018 dönemi dikkate alınarak ekonomik büyüme ve yönetişim göstergeleri arasındaki ilişki Emirmahmutoğlu ve Köse (2011) nedensellik testi ile analiz edilmiştir. Çalışmadan elde edilen sonuçlara göre gelişmiş ülkelerde, büyüme ile yönetişim göstergelerinden ifade özgürlüğü, hükümetin etkinliği ve düzenleyici kalite açısından nedensellik ilişkisi tespit edilmiştir. Gelişmekte olan ülkelerde ise büyüme ve yönetişim göstergeleri arasında, panelin tümü için bir nedensellik ilişkisi olmadığı ortaya çıkmıştır. Ayrıca ülkelerin bireysel ayrıntılarına bakıldığında, ekonomik büyüme ile yönetişim göstergeleri arasında nedensellik ilişkisi olduğu görülmektedir.

Keywords

Yönetişim, G20, Ekonomik Büyüme

GOVERNANCE INDICATORS AND GROWTH: A CAUSALİTY ANALYSIS FOR DEVELOPED AND DEVELOPING G20 COUNTRIES / Yönetişim Göstergeleri Ve Büyüme: Gelişmiş Ve Gelişmekte Olan G20 Ülkeleri İçin Bir Nedensellik Analizi

Abstract

Determining the relationship and direction between economic growth and governance indicators are important factors that shape the economic policies that countries will implement. In this study, the relationship between economic growth and governance indicators of a total of 18 G20 countries, 9 developed and 9 developing countries, was analyzed with the causality test of Emirmahmutoğlu and Köse (2011). According to the results obtained from the study, the causality relationship between growth and governance indicators in terms of freedom of expression, government effectiveness and regulatory quality has been determined in developed countries. In developing countries, it has emerged that there is no causality relationship between growth and governance indicators for the entire panel. In addition, when examining the individual details of countries, it is seen that there is a causality relationship between economic growth and governance indicators.

Keywords

Governance, G20, Economic Growth

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