The Impact of Productive Capacity on Economic Development: Evidence from the MMQR and CCE Methods

Yıl 2024, Cilt: 8 Sayı: 4, 989 - 1008, 23.12.2024

Eda Bozkurt , Ali Altıner

https://doi.org/10.30586/pek.1529850

Öz

This study investigates the impact of productive capacity on economic development in high-income developing countries. The empirical analysis was conducted using annual data for the period 2000-2022. In the empirical analysis using panel data method, Method of Moments Quantile Regression (MMQR) and Common Correlated Error (CCE) estimators were used to find the effect of independent variables on economic development. Total productive capacity index and its components are used as the main independent variables. In addition, labor and capital variables are also included in the analysis as control variables. According to the MMQR analysis results, the total productive capacity index has a positive impact on economic development. Among its components, energy, human capital, information and communication technologies, natural capital, private sector and transportation variables are similarly found to increase economic development. However, structural change was found to have a negative impact on economic development and institutional structure was found to have no effect. The labor variable was found to have a decreasing effect on economic development, while the capital variable had an increasing effect. According to the results of CCE analysis, total productive capacity index, human capital and private sector variables among the main independent variables and physical capital variable among the control variables have a positive effect on economic development. Other variables did not have any significant effect on economic development. As a result, the application of a new analysis method suitable for the characteristics of the variables and the detailed investigation of the effect of the productive capacity index and its components, which is a relatively new variable used to represent productivity, and making policy recommendations constitute the original aspect of the study.

Anahtar Kelimeler

Economic development, panel quantile regression, productive capacities index

Üretken Kapasitenin Ekonomik Kalkınma Üzerindeki Etkisi: MMQR ve CCE Yöntemlerinden Kanıtlar

Öz

Bu çalışmada yüksek gelire sahip gelişmekte olan ülkelerde üretken kapasitenin ekonomik kalkınma üzerindeki etkisi araştırılmıştır. 2000-2022 dönemine ait yıllık veriler kullanılarak ampirik analiz gerçekleştirilmiştir. Panel veri yönteminin kullanıldığı ampirik analizde Method of Moments Quantile Regression (MMQR) ve Common Corelated Error (CCE) tahmincileri ile bağımsız değişkenlerin ekonomik kalkınma üzerindeki etkisi bulunmuştur. Temel bağımsız değişken olarak toplam üretken kapasite endeksi ve alt bileşenleri kullanılmıştır. Ayrıca kontrol değişkenleri niteliğinde emek ve sermaye değişkenleri de analize dahil edilmiştir. MMQR analiz sonuçlarına göre, toplam üretken kapasite endeksinin ekonomik kalkınma üzerinde olumlu bir etkiye sahip olduğu görülmüştür. Alt bileşenlerinden enerji, beşeri sermaye, bilgi ve iletişim teknolojileri, doğal sermaye, özel sektör ve taşımacılık değişkenlerinin benzer şekilde ekonomik kalkınmayı arttırdığı belirlenmiştir. Ancak yapısal değişimin ekonomik kalkınmayı olumsuz etkilediği ve kurumsal yapının herhangi bir etkisinin olmadığı bulunmuştur. Emek değişkeninin ekonomik kalkınmayı azaltıcı ancak sermaye değişkeninin ise arttırıcı yönde bir etkiye sahip olduğu tespit edilmiştir. CCE analiz sonuçlarına göre temel bağımsız değişkenlerden toplam üretken kapasite endeksi, beşeri sermaye ve özel sektör değişkenleri ile kontrol değişkenlerinden fiziksel sermaye değişkeninin ekonomik kalkınma üzerinde pozitif bir etkiye sahip olduğu gözlenmiştir. Diğer değişkenlerin ise ekonomik kalkınma üzerinde herhangi anlamlı bir etkisi bulunamamıştır. Sonuç olarak, değişkenlerin özelliklerine uygun yeni bir analiz yönteminin uygulanması ve verimliliği temsilen kullanılan görece yeni bir değişken olan üretken kapasite endeksi ve alt bileşenlerinin etkisinin detaylı olarak araştırılarak politika önerilerinde bulunulması çalışmanın özgün yönünü oluşturmaktadır.

Anahtar Kelimeler

Ekonomik kalkınma, panel kantil regresyon, üretken kapasiteler endeksi

Kaynakça

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