The Impact of Political Risk On Economic Growth in BRICS-T Countries: Quantile On Quantile Approach

Öz

Political risk arises from uncertainties in relations arising in the political, social, and economic environment. These uncertainties directly affect the economic structures of countries. The aim of the study is to reveal the relationship between the political risks of BRICS-T (Brazil, Russia, India, China, South Africa and Turkey) countries and their economic growth rates in detail using the quantile-on-quantile regression approach. According to the findings of the study, the political risk index for BRICS-T countries usually weakens the economic growth rates of countries. It is seen that political risk has a negative effect on economic growth in small values of economic growth. In high values of economic growth, while small values of political risk do not have a negative effect on economic growth, it is seen that economic growth is weakly affected in regions where political risk is high.

Anahtar Kelimeler

• Economic Growth
• Political Risk Index
• Quantile On Quantile Regression

BRICS-T Ülkelerinde Politik Riskin Ekonomik Büyümeye Etkisi: Kantil-Kantil Regresyon Yaklaşımı

Öz

Politik risk, politik, sosyal ve ekonomik ortamda ortaya çıkan ilişkilerdeki belirsizliklerden kaynaklanmaktadır. Bu belirsizlikler, ülkelerin ekonomik yapılarını doğrudan etkilemektedir. Çalışmanın amacı, BRICS-T (Brezilya, Rusya, Hindistan, Çin, Güney Afrika ve Türkiye) ülkelerinin politik riskleri ile ekonomik büyüme oranları arasındaki ilişkiyi Quantile On Quantile Regression yaklaşımı ile ayrıntılı bir şekilde ortaya koymaktır. Çalışmanın bulgularına göre BRICS-T ülkeleri için politik risk endeksi, genellikle ülkelerin ekonomik büyüme oranlarını zayıflatmaktadır. Ekonomik büyümenin küçük değerlerinde politik riskin ekonomik büyüme üzerinde olumsuz etkiye sahip olduğu, ekonomik büyümenin büyük değerlerinde ise politik riskin küçük değerlerinin olumsuz etkisi görülmezken politik riskin yüksek olduğu bölgelerde ekonomik büyümenin zayıf etkilendiği görülmektedir.

Anahtar Kelimeler

• Ekonomik Büyüme
• Politik Risk Endeksi
• Kantil-Kantil Regresyon

Kaynakça

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