Special Interest Groups and Economic Growth Nexus: The OECD Example

Abstract

This study aims to revisit the approach which claims special interest groups (SIGs) has a negative impact on economic growth in the long run. In this study, the long run relationship between economic growth and SIGs is examined by panel data techniques for OECD countries during 1990-2011. According to empirical findings, the long run relationship is found between economic growth and the SIGs for OECD sample. In addition, the long run elasticity results of OECD panel states that SIGs have a disruptive impact on economic growth. On the other hand, the long run elasticity results of individual countries indicate that an U-shaped relationship between economic growth and SIGs exists in 28% of the sample.

Keywords

• Special Interests Groups,Economic Growth,OECD,Panel Data

Özel Çıkar Grupları ile Ekonomik Büyüme Arasındaki İlişki: OECD Örneği

Abstract

Bu çalışma, özel çıkar gruplarının (SIGs) uzun dönem ekonomik büyüme üzerinde negatif bir etkisi olduğunu ileri süren iktisadi görüşü test etmek amacındadır. Bu bağlamda SIGs ve ekonomik büyüme arasındaki uzun dönemli ilişki OECD ülkeleri için 1990 ve 2011 yılları arasında panel veri teknikleri yardımıyla incelenmiştir. OECD örneklemine ilişkin araştırma bulguları, SIGs ile ekonomik büyüme arasında uzun dönemli bir ilişki olduğunu ortaya koymuştur. Ayrıca OECD paneline ilişkin uzun dönem esneklik sonuçlarından hareketle, özel çıkar gruplarının ekonomik büyüme üzerinde bozucu bir etkisi olduğu tespit edilmiştir. Buna ek olarak her bir ülkeye ilişkin uzun dönem esneklik sonuçları ise, örneklem grubunun %28’nin özel çıkar grupları ile ekonomik büyüme arasında ters U şeklinde bir ilişkinin varlığını desteklediğini ortaya koymuştur.

Keywords

• Özel Çıkar Grupları,Ekonomik Büyüme,OECD,Panel Veri

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