Araştırma Makalesi
BibTex RIS Kaynak Göster
Yıl 2019, Cilt: 1 Sayı: 1, 26 - 33, 15.01.2019

Öz

Kaynakça

  • Ahmedi, Uddin M. and Mohammad H. Pulok (2013). “The Role of Political Stability on Economic Performance: The Case of Bangladesh”. Journal of Economic Cooperation and Development 34(3): 61-100. Aisen, Ari and Francisco J. Veiga (2006). “Does Political Instability Lead to Higher Inflation? A Panel Data Analysis”. Journal of Money, Credit, and Banking 38: 1379–1389. Aisen, Ari and Francisco J. Veiga (2008). “The Political Economy of Seigniorage”. Journal of Development Economics 87: 29–50. Aisen, Ari and Francisco J. Veiga (2013). “How Does Political Instability Affect Economic Growth?”. European Journal of Political Economy 29: 151–167. Arellano, Manuel and Stephan Bond (1991). “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations”. Review of Economic Studies 58: 277-298. Arellano, Manuel and Olympia Bover (1995). “Another Look at the Instrumental Variable Estimation of Error-Components Models”. Journal of Econometrics 68: 29-51. Asteriou, Dimitrios and Simon Price (2001). “Political Instability and Economic Growth: UK Time Series Evidence”. Scottish Journal of Political Economy 48(4): 1-24. Barro, Robert J. (1991). “Economic Growth in a Cross Section of Countries”. The Quarterly Journal of Economics 106(2): 407-443. Blundell, Richard and Stephen Bond (1998). “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models”. Journal of Econometrics 87: 115- 143. Cukierman, Alex, Sebastian Edwards and Guido Tabellini (1992). “Seigniorage and Political Instability”. The American Economic Review 82(3): 537-555. Feng, Yi (1997). “Political Stability and Economic Growth”. British Journal of Political Science 27(3): 391-418. Fosu, Augustin K. (1992). “Political Instability and Economic Growth: Evidence from Sub-Saharan Africa”. Economic Development and Cultural Change 40(4): 829–841. Gyimah-Brempong, Kwabena and Thomas Traynor (1999). “Political Instability, Investment, and Economic Growth in Sub-Saharan Africa”. Journal of African Economies 8(1): 52–86. Hsiao, Cheng (2007). “Panel Data Analysis-Advantages and Challenges”. Sociedad de Estadística e Investigación Operativa 16(1): 1-22. Jaouadi Said, Lumia Arfaoui and Azza Ziedi (2014). “Political Instability and Growth: Case of the Developing Countries”. International Journal of Social Science Research 2(1): 19-28. Kouba, Ludek and Ladislava Grochova (2011). “Financial Crisis, Political Instability and Economic Growth”. Working Paper. Godwin: Muhammad, Younis, Xu Xiao Lin, Yahua Sharahili and Selvarathinam Santhirasegaram (2008). “Political Stability and Economic Growth in Asia”. American Journal of Applied Sciences 5(3): 203–208. Okafor, Godwin (2015). “The Impact of Political Instability on the Economic Growth of Ecowas Member Countries”. Defence and Peace Economics 28(2): 1-22. Ozler, Sule and Tabellini Guido (1991). “External Debt and Political Instability”. NBER Working Paper No. 3772: 1-44. Paldam, Martin (1998). “Does Economic Growth Lead to Political Stability?” Borner, Silvio and Paldam, Martin (eds.), The Political Dimension of Economic Growth, Macmillan, London: 171 – 190. Qureshi, Muhammad, Ali K. Naadem and Imran R. Khan (2010). “Political Instability and Economic Development: Pakistan Time-Series Analysis.” International Research Journal of Finance and Economics 56: 179–192. Roubini, Nouriel (1991). “Economic and Political Determinants of Budget Deficits in Developing Countries”. Journal of International Money and Finance 10(1): 49-72. Zablotsky, Edgardo (1996). “Political Stability and Economic Growth. A Two Way Relation”. Universidad del CEMA. CEMA working papers No. 109. Zureiqat, Hazem and College Macalester (2005). “Political Instability and Economic Performance: A Panel Data Analysis”. Working Paper.

POLITICAL STABILITY AND ECONOMIC DEVELOPMENT IN TURKIC COUNCIL: A DYNAMIC PANEL DATA ANALYSIS

Yıl 2019, Cilt: 1 Sayı: 1, 26 - 33, 15.01.2019

Öz

Many studies have examined the relation between political stability and economic performance. Despite the long-lasting academic debate on this issue,there is no consensus on this relation. Political instability which is defined as the deviations from normal pattern or a change or challenge to the current political governance and economic growth are mainly interrelated. Many empirical studies show that weak economic performance is likely to deteriorate the political decision making process and may lead to emergence of macroeconomic imbalances. The aim of this paper is to examine the causalassociation between economic development and political stability by employing panel data analysis for members of Turkic council (Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey) for the period 2005-2014. Since there are not many econometric studies to analyze the relation between political stability and economic performance of Turkic nations, this study contributes to the limited literature.

Kaynakça

  • Ahmedi, Uddin M. and Mohammad H. Pulok (2013). “The Role of Political Stability on Economic Performance: The Case of Bangladesh”. Journal of Economic Cooperation and Development 34(3): 61-100. Aisen, Ari and Francisco J. Veiga (2006). “Does Political Instability Lead to Higher Inflation? A Panel Data Analysis”. Journal of Money, Credit, and Banking 38: 1379–1389. Aisen, Ari and Francisco J. Veiga (2008). “The Political Economy of Seigniorage”. Journal of Development Economics 87: 29–50. Aisen, Ari and Francisco J. Veiga (2013). “How Does Political Instability Affect Economic Growth?”. European Journal of Political Economy 29: 151–167. Arellano, Manuel and Stephan Bond (1991). “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations”. Review of Economic Studies 58: 277-298. Arellano, Manuel and Olympia Bover (1995). “Another Look at the Instrumental Variable Estimation of Error-Components Models”. Journal of Econometrics 68: 29-51. Asteriou, Dimitrios and Simon Price (2001). “Political Instability and Economic Growth: UK Time Series Evidence”. Scottish Journal of Political Economy 48(4): 1-24. Barro, Robert J. (1991). “Economic Growth in a Cross Section of Countries”. The Quarterly Journal of Economics 106(2): 407-443. Blundell, Richard and Stephen Bond (1998). “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models”. Journal of Econometrics 87: 115- 143. Cukierman, Alex, Sebastian Edwards and Guido Tabellini (1992). “Seigniorage and Political Instability”. The American Economic Review 82(3): 537-555. Feng, Yi (1997). “Political Stability and Economic Growth”. British Journal of Political Science 27(3): 391-418. Fosu, Augustin K. (1992). “Political Instability and Economic Growth: Evidence from Sub-Saharan Africa”. Economic Development and Cultural Change 40(4): 829–841. Gyimah-Brempong, Kwabena and Thomas Traynor (1999). “Political Instability, Investment, and Economic Growth in Sub-Saharan Africa”. Journal of African Economies 8(1): 52–86. Hsiao, Cheng (2007). “Panel Data Analysis-Advantages and Challenges”. Sociedad de Estadística e Investigación Operativa 16(1): 1-22. Jaouadi Said, Lumia Arfaoui and Azza Ziedi (2014). “Political Instability and Growth: Case of the Developing Countries”. International Journal of Social Science Research 2(1): 19-28. Kouba, Ludek and Ladislava Grochova (2011). “Financial Crisis, Political Instability and Economic Growth”. Working Paper. Godwin: Muhammad, Younis, Xu Xiao Lin, Yahua Sharahili and Selvarathinam Santhirasegaram (2008). “Political Stability and Economic Growth in Asia”. American Journal of Applied Sciences 5(3): 203–208. Okafor, Godwin (2015). “The Impact of Political Instability on the Economic Growth of Ecowas Member Countries”. Defence and Peace Economics 28(2): 1-22. Ozler, Sule and Tabellini Guido (1991). “External Debt and Political Instability”. NBER Working Paper No. 3772: 1-44. Paldam, Martin (1998). “Does Economic Growth Lead to Political Stability?” Borner, Silvio and Paldam, Martin (eds.), The Political Dimension of Economic Growth, Macmillan, London: 171 – 190. Qureshi, Muhammad, Ali K. Naadem and Imran R. Khan (2010). “Political Instability and Economic Development: Pakistan Time-Series Analysis.” International Research Journal of Finance and Economics 56: 179–192. Roubini, Nouriel (1991). “Economic and Political Determinants of Budget Deficits in Developing Countries”. Journal of International Money and Finance 10(1): 49-72. Zablotsky, Edgardo (1996). “Political Stability and Economic Growth. A Two Way Relation”. Universidad del CEMA. CEMA working papers No. 109. Zureiqat, Hazem and College Macalester (2005). “Political Instability and Economic Performance: A Panel Data Analysis”. Working Paper.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Araştırma Makaleleri
Yazarlar

İlhan EGE

Yayımlanma Tarihi 15 Ocak 2019
Yayımlandığı Sayı Yıl 2019 Cilt: 1 Sayı: 1

Kaynak Göster

APA EGE, İ. (2019). POLITICAL STABILITY AND ECONOMIC DEVELOPMENT IN TURKIC COUNCIL: A DYNAMIC PANEL DATA ANALYSIS. Eurasian Research Journal, 1(1), 26-33.