Measuring Quality of Governance in Turkey: A Composite Governance Index

Yıl 2020, Cilt: 4 Sayı: 1, 51 - 60, 31.01.2020

Onur Polat

https://doi.org/10.25295/fsecon.2020.01.003

Cited By: 5

Öz

In this study, we analyze the quality of governance in Turkey by using worldwide governance indicators (WGIs), namely, voice and accountability (VA), political stability and absence of violence (PV), government effectiveness (GE), regulatory quality (RQ), rule of law (RL), and control of corruption (CC) which aggregate 6 dimensions of governance. In that regard, we employ principal component analysis (PCA) to construct a composite governance index (CGI) for Turkey over the 2002-2017 period. We find that the CGI creates proper signals to both economic and political disequlibriums observed in the post-2001 financial crisis era. Our findings underline an effective regulatory framework for monitoring the quality of governance and accordingly suggests the CGI as a policy tool.

Anahtar Kelimeler

Worldwide Governance Indicators, Good Governance, Principal Component Analysis

Kaynakça

• Abdi, H., & Williams, L. J. (2010). Principal component analysis. Wiley interdisciplinary reviews: computational statistics, 2(4), 433-459.
• Bevir, M. (2009). Key concepts in governance. Sage Publications Inc.
• Erinç Yeldan, A., & Ünüvar, B. (2016). An assessment of the Turkish economy in the AKP era. Research and policy on Turkey, 1(1), 11-28.
• Gisselquist, R. M. (2014). Developing and evaluating governance indexes: 10 questions. Policy Studies, 35(5), 513-531.
• Kaufmann, Daniel, Aart Kraay and Pablo Zoido-Lobatón (1999a). “Aggregating Governance Indicators.” World Bank Policy Research Working Paper No. 2195, Washington, D.C.
• Kaufmann, Daniel, Aart Kraay and Pablo Zoido-Lobatón (1999b). “Governance Matters.” World Bank Policy Research Working Paper No. 2196, Washington, D.C.
• Kaufmann, Daniel, Aart Kraay and Pablo Zoido-Lobatón (2002). “Governance Matters II– Updated Indicators for 2000/01.” World Bank Policy Research Working Paper No. 2772, Washington, D.C.
• Kaufmann, Daniel and Aart Kraay (2002). "Growth Without Governance". The World Bank.
• Kaufmann, Daniel, Aart Kraay and Massimo Mastruzzi (2004). “Governance Matters III: Governance Indicators for 1996, 1998, 2000, and 2002”. World Bank Economic Review. 18:253-287.
• Kaufmann, Daniel, Aart Kraay and Massimo Mastruzzi (2005). “Governance Matters IV: Governance Indicators for 1996-2004. World Bank Policy Research Working Paper No. 3630. Washington, D.C.
• Kaufmann, Daniel, Aart Kraay and Massimo Mastruzzi (2006a). “Measuring Governance Using Perceptions Data", in Susan Rose-Ackerman, ed. Handbook of Economic Corruption. Edward Elgar.
• Kaufmann, Daniel, Aart Kraay and Massimo Mastruzzi (2006b). “Governance Matters V: Governance Indicators for 1996-2005. World Bank Policy Research Department Working Paper No. 4012.
• Kaufmann, D., & Kraay, A. (2007). Governance Indicators: Where are we, where should we be Going?. The World Bank Research Observer 23: 1–30.
• Kaufmann, D., Kraay, A., & Mastruzzi, M. (2007). The worldwide governance indicators project: answering the critics. The World Bank.
• Kaufmann, D., A. Kraay, and M. Mastruzzi. (2010). The Worldwide Governance Indicators: Methodology and Analytical Issues. World Bank Policy Research Working Paper 5430.
• Polat, O., & Ozkan, I. (2019). Transmission mechanisms of financial stress into economic activity in Turkey. Journal of Policy Modeling, 41(2), 395-415.
• Rhodes, R. A. (2007). Understanding governance: Ten years on. Organization studies, 28(8), 1243-1264.
• Sbragia, A. M. (2000). Governance, the state, and the market: what is going on?. Governance, 13(2), 243-250.
• Stoker, G. (2011). Was local governance such a good idea? A global comparative perspective. Public administration, 89(1), 15-31.
• UNDP. 2007. Governance Indicators: A Users’ Guide. New York: United Nation Development Programme.
• Transparency International (2017). People and Corruption: Citizens’ Voices from Around the World. Global Corruption Barometer. Retrieved from https://www.transparency.org/whatwedo/publication/people_and_corruption_citizens_voices_from_around_the_worldWilliams, A., & Siddique, A. (2008). The use (and abuse) of governance indicators in economics: a review. Economics of Governance, 9(2), 131-175.