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Panel Causality Analysis of the Relationship among the Rule of Law, Technological Advances, Competitiveness, and Value-Added

Yıl 2024, Cilt: 74 Sayı: 1, 159 - 191, 04.09.2024
https://doi.org/10.26650/ISTJECON2023-1298039

Öz

The status of countries within the global value chain varies depending on the importance of national production capabilities in the global economy. From this perspective, there is a need for a value-added production approach that focuses on innovation and competitiveness. Technological advances and institutions are considered to play a significant role in transforming the economy towards an innovation-driven one to meet these needs. The aim of this paper is to investigate the relationship among technological advances, the rule of law as a proxy for institutions, value-added production, and competitiveness in a way that reflects crosscountry divergence. Through an analysis employed independently of countries’ existing levels of development, it will be possible to evaluate whether the factors associated with institutions and innovation can produce similar results in all circumstances and for each country. In this context, a panel causality analysis that considers cross-sectional heterogeneity is employed. The analysis shows bidirectional causality between the variables, except for value-added to the rule of law. However, the results also support the existence of cross-country divergence. These findings suggest that future policy plans should be designed to consider the multidimensional nature of country-specific factors, alongside technological advances and the rule of law, and to ensure the integration of both national and international economic objectives.

JEL Classification : F10 , P48 , O32 , O47

Kaynakça

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Yıl 2024, Cilt: 74 Sayı: 1, 159 - 191, 04.09.2024
https://doi.org/10.26650/ISTJECON2023-1298039

Öz

Kaynakça

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Toplam 97 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Bölüm Araştırma Makalesi
Yazarlar

Doğan Keşap 0000-0001-7338-0698

Ali Rıza Sandalcılar 0000-0002-9185-6968

Yayımlanma Tarihi 4 Eylül 2024
Gönderilme Tarihi 16 Mayıs 2023
Yayımlandığı Sayı Yıl 2024 Cilt: 74 Sayı: 1

Kaynak Göster

APA Keşap, D., & Sandalcılar, A. R. (2024). Panel Causality Analysis of the Relationship among the Rule of Law, Technological Advances, Competitiveness, and Value-Added. İstanbul İktisat Dergisi, 74(1), 159-191. https://doi.org/10.26650/ISTJECON2023-1298039
AMA Keşap D, Sandalcılar AR. Panel Causality Analysis of the Relationship among the Rule of Law, Technological Advances, Competitiveness, and Value-Added. İstanbul İktisat Dergisi. Eylül 2024;74(1):159-191. doi:10.26650/ISTJECON2023-1298039
Chicago Keşap, Doğan, ve Ali Rıza Sandalcılar. “Panel Causality Analysis of the Relationship Among the Rule of Law, Technological Advances, Competitiveness, and Value-Added”. İstanbul İktisat Dergisi 74, sy. 1 (Eylül 2024): 159-91. https://doi.org/10.26650/ISTJECON2023-1298039.
EndNote Keşap D, Sandalcılar AR (01 Eylül 2024) Panel Causality Analysis of the Relationship among the Rule of Law, Technological Advances, Competitiveness, and Value-Added. İstanbul İktisat Dergisi 74 1 159–191.
IEEE D. Keşap ve A. R. Sandalcılar, “Panel Causality Analysis of the Relationship among the Rule of Law, Technological Advances, Competitiveness, and Value-Added”, İstanbul İktisat Dergisi, c. 74, sy. 1, ss. 159–191, 2024, doi: 10.26650/ISTJECON2023-1298039.
ISNAD Keşap, Doğan - Sandalcılar, Ali Rıza. “Panel Causality Analysis of the Relationship Among the Rule of Law, Technological Advances, Competitiveness, and Value-Added”. İstanbul İktisat Dergisi 74/1 (Eylül 2024), 159-191. https://doi.org/10.26650/ISTJECON2023-1298039.
JAMA Keşap D, Sandalcılar AR. Panel Causality Analysis of the Relationship among the Rule of Law, Technological Advances, Competitiveness, and Value-Added. İstanbul İktisat Dergisi. 2024;74:159–191.
MLA Keşap, Doğan ve Ali Rıza Sandalcılar. “Panel Causality Analysis of the Relationship Among the Rule of Law, Technological Advances, Competitiveness, and Value-Added”. İstanbul İktisat Dergisi, c. 74, sy. 1, 2024, ss. 159-91, doi:10.26650/ISTJECON2023-1298039.
Vancouver Keşap D, Sandalcılar AR. Panel Causality Analysis of the Relationship among the Rule of Law, Technological Advances, Competitiveness, and Value-Added. İstanbul İktisat Dergisi. 2024;74(1):159-91.