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AVRUPA BİRLİĞİ ÜLKELERİNDE EKONOMİK ÖZGÜRLÜK VE ALT BİLEŞENLERİNİN STOKASTİK YAKINSAMA ANALİZİ

Yıl 2025, Cilt: 13 Sayı: Özel Sayı, 166 - 177, 31.12.2025
https://doi.org/10.52122/nisantasisbd.1808554

Öz

Bu çalışmada, Avrupa Birliği (AB) ülkelerinde ekonomik özgürlük düzeylerinin ve alt bileşenlerinin birbirine yakınsayıp yakınsamadığını analiz etmek amacıyla stokastik yakınsama yaklaşımı kullanılmaktadır. Ekonomik özgürlük, bireylerin mülkiyet haklarını koruma, serbest piyasa yapısını güçlendirme ve devlet müdahalesini sınırlama gibi unsurları içeren çok boyutlu bir kavramdır. Bu bağlamda çalışmada, ekonomik özgürlük indeksinin yanı sıra Fraser Enstitüsü tarafından tanımlanan beş temel bileşen olan devletin büyüklüğü, hukuk sistemi ve mülkiyet hakları, sağlam para, uluslararası ticaret özgürlüğü ve düzenleme başlıkları da ayrı ayrı ele alınmaktadır. Ampirik analizde, yatay kesit bağımlılığı sorununu göz önünde bulunduran ve Pesaran (2007) tarafından geliştirilen panel birim kök testi uygulanmaktadır. Analiz sonuçları, AB ülkeleri arasında hem ekonomik özgürlük indeksi hem de büyük ölçüde alt bileşenleri açısından uzun dönemde yakınsama olduğunu ortaya koymaktadır. Bu bulgu, AB ülkelerinin ekonomik özgürlük politikalarında benzeşme eğiliminde olduğunu ve entegrasyon sürecinin bu alanda da etkili olduğunu göstermektedir.

Kaynakça

  • Barro, R. ve Sala-i-Martin, X. (1991). Convergence across states and regions. Brookings Papers in Economic Activity, 1, 107–158.
  • Barro, R. ve Sala-i-Martin, X. (1992). Convergence. Journal of Political Economy, 100(2), 223–251.
  • Baumol, W. (1986). Productivity growth, convergence, and welfare: what the long-run data show. American Economic Review, 76(5), 1072–1085.
  • Bernard, A. B., ve Durlauf, S. N. (1995). Convergence in international output. Journal of Applied Econometrics, 10(2), 97-108.
  • Elert, N., ve Halvarsson, D. (2012). Economic freedom and institutional convergence ratio. Working paper No. 196, Stockholm, Sweden.
  • EFW Report. (2024). Economic Freedom of the World: 2024 Annual Report. Vancouver, Canada: Fraser Institute. Erişim adresi: https://www.fraserinstitute.org Erişim tarihi: 01 Nisan 2025
  • Gwartney, J. D., Block, W., ve Lawson, R. A. (1996). Economic freedom of the world: 1975–1995. Fraser Institute.
  • Gwartney, J., Holcombe, R., ve Lawson, R. (2006). Institutions and the impact of investment on growth. Kyklos, 59(2), 255–273.
  • Gwartney, J. D., Lawson, R. A., ve Holcombe, R. G. (1999). Economic freedom and the environment for economic growth. Journal of Institutional and Theoretical Economics, 155(4), 643–663.
  • Hall, J.C. (2016). Institutional convergence: exit or voice? Journal of Economics and Finance, 40, 829–840.
  • Hall, J.C. ve Lawson, R.A. (2014). Economic freedom of the world: an accounting of the literature. Contemporary Economic Policy, 32(1), 1–19.
  • Heckelman, J.C. (2015). Economic freedom convergence clubs. In: Cebula, R.J., Hall, J.C., Mixon, F.G. ve Payne, J.E. (Eds.) Economic behavior, economic freedom, and entrepreneurship. Cheltenham: Edward Elgar Publishing, 102–114.
  • Kallioras, D., Gkotinakou, G., ve Fardas, M. (2017). Detecting trends of convergence among the Eurozone countries in terms of economic freedom. International Journal of Economics and Finance Studies, 9(1), 33–47.
  • Keefer, P. ve Knack, S. (1997). Why don't poor countries catch up? A cross-national test of an institutional explanation. Economic Inquiry, 35(3), 590–602.
  • Knack, S. ve Keefer, P. (1995). Institutions and economic performance: cross-country tests using alternative institutional measures. Economics and Politics, 7(3), 207–227.
  • Knack, S. (1996). Institutions and the convergence hypothesis: the cross-national evidence. Public Choice, 87(34), 207–228.
  • Lawson, R. (2022). Economic freedom in the literature: what is it good (bad) for? In: Economic freedom of the world 2022 report. Canada: Fraser Institute, 1–17.
  • Lawson, R., Miozzi, V., ve Tuszynski, M. (2024). Economic freedom and growth, income, investment, and inequality: A quantitative summary of the literatüre. Southern Economic Journal, 90(4), 1099–1135.
  • Naghshpour, S. D., ve Nissan, E. (2018). State and regional convergence in economic freedom of North America. Journal of Regional Analysis and Policy, 48(2), 48–53.
  • Payne, J. E., Saunoris, J. W., Nazlioglu, S., ve Karul, C. (2023a). The convergence dynamics of economic freedom across U.S. states. Southern Economic Journal, 89(4), 1216–1241.
  • Payne, J. E., Saunoris, J. W., Nazlioglu, S., ve Karul, C. (2023b). Stochastic convergence analysis of U.S. state economic freedom sub-components: Evidence from unit root tests for bounded processes. American Journal of Economics and Sociology, 82(4), 319–348.
  • Pesaran, M. H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967–1012.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265–312.
  • Pesaran, M. H. (2021). General Diagnostic Tests for Cross-Sectional Dependence in Panels. Empirical Economics, 60 (1), 13–50.
  • Savoia, A., ve Sen, K. (2016). Do we see convergence in institutions? A cross-country analysis. Journal of Development Studies, 52(2), 166–185.
  • Sobel, R. S., ve Coyne, C. J. (2011). Cointegrating institutions: The time-series properties of country institutional measures. Journal of Law and Economics, 54(1), 111–134.
  • Stansel, D., ve Tuszynski, M. P. (2018). Sub-national economic freedom: A review and analysis of the literature. Journal of Regional Analysis and Policy, 48(1), 61–71.

A STOCHASTIC CONVERGENCE ANALYSIS OF ECONOMIC FREEDOM AND ITS SUBCOMPONENTS IN EUROPEAN UNION COUNTRIES

Yıl 2025, Cilt: 13 Sayı: Özel Sayı, 166 - 177, 31.12.2025
https://doi.org/10.52122/nisantasisbd.1808554

Öz

This study employs a stochastic convergence approach to examine whether the levels of economic freedom and its subcomponents converge across European Union (EU) member states. Economic freedom is a multidimensional concept encompassing the protection of property rights, the promotion of free markets, and the limitation of government intervention. In this context, the analysis considers not only the overall economic freedom index but also its five key components as defined by the Fraser Institute: Size of Government, Legal System & Property Rights, Sound Money, Freedom to Trade Internationally, and Regulation. To account for cross-sectional dependence among countries, the empirical analysis applies the panel unit root test developed by Pesaran (2007). The results provide evidence of convergence in economic freedom levels among EU countries over the long run, both in terms of the overall index and most of its subcomponents. These findings suggest that EU member states tend to harmonize their economic freedom policies, indicating that the process of European integration also fosters convergence in institutional quality and market-oriented reforms.

Kaynakça

  • Barro, R. ve Sala-i-Martin, X. (1991). Convergence across states and regions. Brookings Papers in Economic Activity, 1, 107–158.
  • Barro, R. ve Sala-i-Martin, X. (1992). Convergence. Journal of Political Economy, 100(2), 223–251.
  • Baumol, W. (1986). Productivity growth, convergence, and welfare: what the long-run data show. American Economic Review, 76(5), 1072–1085.
  • Bernard, A. B., ve Durlauf, S. N. (1995). Convergence in international output. Journal of Applied Econometrics, 10(2), 97-108.
  • Elert, N., ve Halvarsson, D. (2012). Economic freedom and institutional convergence ratio. Working paper No. 196, Stockholm, Sweden.
  • EFW Report. (2024). Economic Freedom of the World: 2024 Annual Report. Vancouver, Canada: Fraser Institute. Erişim adresi: https://www.fraserinstitute.org Erişim tarihi: 01 Nisan 2025
  • Gwartney, J. D., Block, W., ve Lawson, R. A. (1996). Economic freedom of the world: 1975–1995. Fraser Institute.
  • Gwartney, J., Holcombe, R., ve Lawson, R. (2006). Institutions and the impact of investment on growth. Kyklos, 59(2), 255–273.
  • Gwartney, J. D., Lawson, R. A., ve Holcombe, R. G. (1999). Economic freedom and the environment for economic growth. Journal of Institutional and Theoretical Economics, 155(4), 643–663.
  • Hall, J.C. (2016). Institutional convergence: exit or voice? Journal of Economics and Finance, 40, 829–840.
  • Hall, J.C. ve Lawson, R.A. (2014). Economic freedom of the world: an accounting of the literature. Contemporary Economic Policy, 32(1), 1–19.
  • Heckelman, J.C. (2015). Economic freedom convergence clubs. In: Cebula, R.J., Hall, J.C., Mixon, F.G. ve Payne, J.E. (Eds.) Economic behavior, economic freedom, and entrepreneurship. Cheltenham: Edward Elgar Publishing, 102–114.
  • Kallioras, D., Gkotinakou, G., ve Fardas, M. (2017). Detecting trends of convergence among the Eurozone countries in terms of economic freedom. International Journal of Economics and Finance Studies, 9(1), 33–47.
  • Keefer, P. ve Knack, S. (1997). Why don't poor countries catch up? A cross-national test of an institutional explanation. Economic Inquiry, 35(3), 590–602.
  • Knack, S. ve Keefer, P. (1995). Institutions and economic performance: cross-country tests using alternative institutional measures. Economics and Politics, 7(3), 207–227.
  • Knack, S. (1996). Institutions and the convergence hypothesis: the cross-national evidence. Public Choice, 87(34), 207–228.
  • Lawson, R. (2022). Economic freedom in the literature: what is it good (bad) for? In: Economic freedom of the world 2022 report. Canada: Fraser Institute, 1–17.
  • Lawson, R., Miozzi, V., ve Tuszynski, M. (2024). Economic freedom and growth, income, investment, and inequality: A quantitative summary of the literatüre. Southern Economic Journal, 90(4), 1099–1135.
  • Naghshpour, S. D., ve Nissan, E. (2018). State and regional convergence in economic freedom of North America. Journal of Regional Analysis and Policy, 48(2), 48–53.
  • Payne, J. E., Saunoris, J. W., Nazlioglu, S., ve Karul, C. (2023a). The convergence dynamics of economic freedom across U.S. states. Southern Economic Journal, 89(4), 1216–1241.
  • Payne, J. E., Saunoris, J. W., Nazlioglu, S., ve Karul, C. (2023b). Stochastic convergence analysis of U.S. state economic freedom sub-components: Evidence from unit root tests for bounded processes. American Journal of Economics and Sociology, 82(4), 319–348.
  • Pesaran, M. H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967–1012.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265–312.
  • Pesaran, M. H. (2021). General Diagnostic Tests for Cross-Sectional Dependence in Panels. Empirical Economics, 60 (1), 13–50.
  • Savoia, A., ve Sen, K. (2016). Do we see convergence in institutions? A cross-country analysis. Journal of Development Studies, 52(2), 166–185.
  • Sobel, R. S., ve Coyne, C. J. (2011). Cointegrating institutions: The time-series properties of country institutional measures. Journal of Law and Economics, 54(1), 111–134.
  • Stansel, D., ve Tuszynski, M. P. (2018). Sub-national economic freedom: A review and analysis of the literature. Journal of Regional Analysis and Policy, 48(1), 61–71.

Yıl 2025, Cilt: 13 Sayı: Özel Sayı, 166 - 177, 31.12.2025
https://doi.org/10.52122/nisantasisbd.1808554

Öz

Kaynakça

  • Barro, R. ve Sala-i-Martin, X. (1991). Convergence across states and regions. Brookings Papers in Economic Activity, 1, 107–158.
  • Barro, R. ve Sala-i-Martin, X. (1992). Convergence. Journal of Political Economy, 100(2), 223–251.
  • Baumol, W. (1986). Productivity growth, convergence, and welfare: what the long-run data show. American Economic Review, 76(5), 1072–1085.
  • Bernard, A. B., ve Durlauf, S. N. (1995). Convergence in international output. Journal of Applied Econometrics, 10(2), 97-108.
  • Elert, N., ve Halvarsson, D. (2012). Economic freedom and institutional convergence ratio. Working paper No. 196, Stockholm, Sweden.
  • EFW Report. (2024). Economic Freedom of the World: 2024 Annual Report. Vancouver, Canada: Fraser Institute. Erişim adresi: https://www.fraserinstitute.org Erişim tarihi: 01 Nisan 2025
  • Gwartney, J. D., Block, W., ve Lawson, R. A. (1996). Economic freedom of the world: 1975–1995. Fraser Institute.
  • Gwartney, J., Holcombe, R., ve Lawson, R. (2006). Institutions and the impact of investment on growth. Kyklos, 59(2), 255–273.
  • Gwartney, J. D., Lawson, R. A., ve Holcombe, R. G. (1999). Economic freedom and the environment for economic growth. Journal of Institutional and Theoretical Economics, 155(4), 643–663.
  • Hall, J.C. (2016). Institutional convergence: exit or voice? Journal of Economics and Finance, 40, 829–840.
  • Hall, J.C. ve Lawson, R.A. (2014). Economic freedom of the world: an accounting of the literature. Contemporary Economic Policy, 32(1), 1–19.
  • Heckelman, J.C. (2015). Economic freedom convergence clubs. In: Cebula, R.J., Hall, J.C., Mixon, F.G. ve Payne, J.E. (Eds.) Economic behavior, economic freedom, and entrepreneurship. Cheltenham: Edward Elgar Publishing, 102–114.
  • Kallioras, D., Gkotinakou, G., ve Fardas, M. (2017). Detecting trends of convergence among the Eurozone countries in terms of economic freedom. International Journal of Economics and Finance Studies, 9(1), 33–47.
  • Keefer, P. ve Knack, S. (1997). Why don't poor countries catch up? A cross-national test of an institutional explanation. Economic Inquiry, 35(3), 590–602.
  • Knack, S. ve Keefer, P. (1995). Institutions and economic performance: cross-country tests using alternative institutional measures. Economics and Politics, 7(3), 207–227.
  • Knack, S. (1996). Institutions and the convergence hypothesis: the cross-national evidence. Public Choice, 87(34), 207–228.
  • Lawson, R. (2022). Economic freedom in the literature: what is it good (bad) for? In: Economic freedom of the world 2022 report. Canada: Fraser Institute, 1–17.
  • Lawson, R., Miozzi, V., ve Tuszynski, M. (2024). Economic freedom and growth, income, investment, and inequality: A quantitative summary of the literatüre. Southern Economic Journal, 90(4), 1099–1135.
  • Naghshpour, S. D., ve Nissan, E. (2018). State and regional convergence in economic freedom of North America. Journal of Regional Analysis and Policy, 48(2), 48–53.
  • Payne, J. E., Saunoris, J. W., Nazlioglu, S., ve Karul, C. (2023a). The convergence dynamics of economic freedom across U.S. states. Southern Economic Journal, 89(4), 1216–1241.
  • Payne, J. E., Saunoris, J. W., Nazlioglu, S., ve Karul, C. (2023b). Stochastic convergence analysis of U.S. state economic freedom sub-components: Evidence from unit root tests for bounded processes. American Journal of Economics and Sociology, 82(4), 319–348.
  • Pesaran, M. H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967–1012.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265–312.
  • Pesaran, M. H. (2021). General Diagnostic Tests for Cross-Sectional Dependence in Panels. Empirical Economics, 60 (1), 13–50.
  • Savoia, A., ve Sen, K. (2016). Do we see convergence in institutions? A cross-country analysis. Journal of Development Studies, 52(2), 166–185.
  • Sobel, R. S., ve Coyne, C. J. (2011). Cointegrating institutions: The time-series properties of country institutional measures. Journal of Law and Economics, 54(1), 111–134.
  • Stansel, D., ve Tuszynski, M. P. (2018). Sub-national economic freedom: A review and analysis of the literature. Journal of Regional Analysis and Policy, 48(1), 61–71.
Toplam 27 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Uygulamalı Makro Ekonometri, Makro İktisat (Diğer)
Bölüm Araştırma Makalesi
Yazarlar

Çağın Karul 0000-0002-5856-930X

Gönderilme Tarihi 22 Ekim 2025
Kabul Tarihi 27 Aralık 2025
Yayımlanma Tarihi 31 Aralık 2025
Yayımlandığı Sayı Yıl 2025 Cilt: 13 Sayı: Özel Sayı

Kaynak Göster

APA Karul, Ç. (2025). AVRUPA BİRLİĞİ ÜLKELERİNDE EKONOMİK ÖZGÜRLÜK VE ALT BİLEŞENLERİNİN STOKASTİK YAKINSAMA ANALİZİ. Nişantaşı Üniversitesi Sosyal Bilimler Dergisi, 13(Özel Sayı), 166-177. https://doi.org/10.52122/nisantasisbd.1808554

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