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Kurumsal Yapı ve İktisadi Büyüme İlişkisi: Türkiye Örneği

Author

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  • Seyfettin ARTAN
  • Pınar HAYALOĞLU

Abstract

In recent years, institutional economic thought, which argues that economic life cannot considered freely from institutions’ effects, is an important center of interest. With institutional economic thought, as the view that has stepped forward is that some prominent factors which are referred to as the determiners of growth in traditional growth theories, could be described as the factors identified by institutions’ incentives and the institutional structure has been the main point to focus on growth analysis. As a result, the role of institutions and the institutional structure in the process of economic growth has become one of the most emphasized topics of economists’ research. In this study, the relationship between institutional structure and economic growth analyzed for Turkey the period of 1972-2009. The results of the study show that political freedom which taken as an indicator of the level of the institutional structure have a positive effect on the long run economic growth but it couldn’t be found a relationship between institutional structure and economic growth in the short run.

Suggested Citation

  • Seyfettin ARTAN & Pınar HAYALOĞLU, 2014. "Kurumsal Yapı ve İktisadi Büyüme İlişkisi: Türkiye Örneği," Sosyoekonomi Journal, Sosyoekonomi Society, issue 22(22).
    • Handle: RePEc:sos:sosjrn:140216
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    Citations

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    Cited by:

    1. Sadi UZUNOĞLU & Caner ÖZDURAK & Serap DURSUN, 2021. "Spillovers Between Institutional Interactions Index, Market Risk and Return: Case of Turkey (2007-2020)," Yildiz Social Science Review, Yildiz Technical University, vol. 7(2), pages 123-136, December .
    2. Burcu Kuzören & Hamza Çeştepe & Hüseyin İçen, 2019. "The Effect of Institutions and Human Capital on Economic Growth: The Case of Turkey," EKOIST Journal of Econometrics and Statistics, Istanbul University, Faculty of Economics, vol. 30(0), pages 65-81, June.

    More about this item

    Keywords

    Institutional Structure; Economic Growth; Co-integration Analysis.;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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