THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES

Adem Gök

doi:10.14780/muiibd.511029

THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES

Öz

The study addresses the issue of the low level of GDP per capita growth in Least Developed Countries (LDCs), with special emphasis on the role of first-best governance institutions as a main determinant of growth. LDCs can be characterized by a clear deficit in first-best governance institutions compared to high-income OECD countries supporting the argument that economies that are different for a variety of reasons will differ both in their institutions and in their income per capita. The contribution of the study is to fill the gap in the new political economy of growth by establishing the mechanism of how first-best governance institutions affect growth through the political, economical, administrative and democratic channels. Although the adoption of first-best governance institutions of advanced countries to LDCs is not a panacea to sustainable economic growth, improvement of first-best governance institutions in LDCs significantly induce growth, since investments in governance institutions are subject to diminishing returns, so that the benefits are most pronounced for smaller and developing economies.

Anahtar Kelimeler

Governance,LDCs,Growth,PCA,System GMM

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Adem Gök ^*
0000-0002-3786-2507

Yayımlanma Tarihi

11 Ocak 2019

Gönderilme Tarihi

1 Eylül 2018

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2018 Cilt: 40 Sayı: 2

DOI

https://doi.org/10.14780/muiibd.511029

IZ

https://izlik.org/JA93WU68GW

Kaynak Göster

RIS / Bibtex

APA

Gök, A. (2019). THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, 40(2), 208-229. https://doi.org/10.14780/muiibd.511029

AMA

1.Gök A. THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2019;40(2):208-229. doi:10.14780/muiibd.511029

Chicago

Gök, Adem. 2019. “THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 40 (2): 208-29. https://doi.org/10.14780/muiibd.511029.

EndNote

Gök A (01 Ocak 2019) THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 40 2 208–229.

IEEE

[1]A. Gök, “THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES”, Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, c. 40, sy 2, ss. 208–229, Oca. 2019, doi: 10.14780/muiibd.511029.

ISNAD

Gök, Adem. “THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 40/2 (01 Ocak 2019): 208-229. https://doi.org/10.14780/muiibd.511029.

JAMA

1.Gök A. THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2019;40:208–229.

MLA

Gök, Adem. “THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, c. 40, sy 2, Ocak 2019, ss. 208-29, doi:10.14780/muiibd.511029.

Vancouver

1.Adem Gök. THE ROLE OF FIRST-BEST GOVERNANCE INSTITUTIONS ON GROWTH IN LEAST DEVELOPED COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 01 Ocak 2019;40(2):208-29. doi:10.14780/muiibd.511029