Special Interest Groups and Economic Growth Nexus: The OECD Example

Year 2017, Volume: 24 Issue: 3, 803 - 813, 27.12.2017

- - İbrahim Bakırtaş Mümin Atalay Çetin

https://doi.org/10.18657/yonveek.371992

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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