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Kurumsal Kalite Faktörlerinin Ekonomik Büyüme Üzerindeki Etkisi: Körfez Ülkeleri Örneği

Year 2017, Volume: 5 Issue: 4, 1 - 15, 01.10.2017
https://doi.org/10.25272/j.2147-7035.2017.5.4.04

Abstract

Bu çalışmanın amacı, Körfez İşbirliği Konseyi üyesi Bahreyn, Kuveyt, Umman, Katar, Suudi Arabistan ve Birleşik Arap Emirliklerinde, mülkiyet haklarının güvenceye alınması, hesap verebilir siyasi çerçevenin oluşturulması, yolsuzlukların önlenmesini sağlayacak altyapının tesisi ve siyasi özgürlüklerin güvence altına alınması gibi çeşitli kurumsal kalite faktörlerinin ekonomik büyüme üzerindeki etkilerinin panel veri analizi kullanılarak “Esnek Genelleştirilmiş En Küçük Kareler Yöntemi” FGLS ile tahmin edilmesidir. 1995-2014 dönemine ilişkin verilerin kullanıldığı bu çalışma neticesinde, işbu altı Körfez Arap ülkesinde, “İfade Özgürlüğü ve Hesap Verme Sorumluluğu” ile “Yolsuzluğun Kontrolü” kurumsal kalite değişkenlerinin ekonomik büyüme üzerinde pozitif ve anlamlı etkilerinin bulunduğu, “Hukukun Üstünlüğü” ile “Düzenlemelerin Kalitesi” kurumsal kalite değişkenlerinin ekonomik büyüme üzerinde negatif ve anlamlı etkilerinin bulunduğu, “Politik İstikrar ve Şiddet Yokluğu” ile “Yönetimin Etkinliği” kurumsal kalite değişkenlerinin ise ekonomik büyüme üzerinde anlamlı etkilerinin bulunmadığı sonucuna ulaşılmıştır.

References

  • Acemoğlu, Daron, Simon Johnson ve James A. Robinson (2001), “The Colonial Origins of Comparative Development: An Empirical Investigation”. The American Economic Review. Vol. 91, No. 5, ss.1369-1401.
  • Acemoğlu, Daron, Simon Johnson, James A. Robinson ve Yunyong Thaicharoen (2003), “Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth”. Journal of Monetary Economics, Volume 50, Issue 1, ss. 49-123.
  • Arı, Tayyar (1999), 2000’li Yıllarda Basra Körfezi’nde Güç Dengesi. İstanbul: Alfa Yayınları
  • Arı, Tayyar (2012) Geçmişten Günümüze Orta Doğu, Siyaset, Savaş ve Diplomasi. 5. Baskı Bursa: MKM Yayıncılık
  • Aron, Janine (2000), “Growth and Institutions: A Review of the Evidence”The World Bank Research Observer, Cilt 15, Sayı 1, ss.99-135
  • Aytun, Cengiz ve Cemil Serhat Akın (2014). “Kurumsal Kalite ve EkonomikBüyüme: Panel Nedensellik Analizi”. Çukurova Üniversitesi İİBF Dergisi,18. cilt, 1. sayı, ss.89-100.
  • Baltagi, Badi H (2013), Econometrics Analysis of Panel Data. EconometricAnalysis of Panel Data, 5th Edition, John Wiley & Sons, Ltd.
  • Barro,Robert J.(1991), “Economic Growth in a Cross Section of Countries”, The Quarterly Journal of Economics, Vol. 106, No. 2. May, ss. 407-443
  • Barro, Robert J.(1996), “Determinants of Economıc Growth: A Cross-Country Empirical Study”, National Bureau Of Economic Research, Working Paper 5698, ss. 1-79
  • Barro, Robert J.(2003), “Determinants of Economic Growth in a Panel of Countries”, Annals Of Economics And Finance, 4, ss. 231–274
  • Başkan, Birol (2011), “Turkey-GCC Relations: Is There A Future”. InsightTurkey, Vol.13, No. 1,ss.159-173.
  • Bhattacharya, Rina ve Hirut Wolde (2010), “Constraints on Growth in theMENA Region”. IMF Working Paper, WP/10/30, ss.3-21.
  • Biber, Ahmet Emre (2010), “İktisadi Büyümede Kurumsal Faktörler veKurumsal Değişim”. Akademik Bakış, Sayı: 19, ss.1-24.
  • Bilge, Mustafa L. (1992), “Basra Körfezi” TDV İslam Ansiklopedisi, 1992, Cilt: 05, s.114-117.
  • BP, Statistical Review of World Energy (2016),https://www.bp.com/content/dam/bp/pdf/energy economics/statistical report.pdf(01.03.2017)
  • review-2016/bp-statistical-review-of-world-energy-2016-full
  • Chang, Ha-Joon(2011), “Institutions and Economic Development: Theory,Policy And History”.Journal of Institutional Economics, 7: 4, ss.473-498.
  • Çetin, Tamer (2012), “Yeni Kurumsal İktisat”, Sosyoloji Konferansları, No:45, ss.43-73.
  • Drury, A. Cooper. Jonathan Krieckhaus ve Michael Lusztig (2006),“Corruption, Democracy and Economic Growth”, International PoliticalScience Review, Vol. 27, No. 2, ss.121-136.
  • Genç, Hamdi (2011), “MENA Bölgesinde Uygulanan İktisat PolitikalarınıBelirleyen Faktörler”. Ortadoğu ve Kuzey Afrika Ülkelerinin EkonomikYapısı-MENA Ülkeleri Ekonomileri, Hamdi Genç ve Ferhat Sayım(Der.), Bursa: MKM Yayıncılık. ss.21-28.
  • Glaeser, Edward, L. Rafael La Porta, Florencio Lopez-de-Silanes ve AndreiShleifer (2004), “Do Institutions Cause Growth”. Journal of EconomicGrowth, Vol. 9, Issue 3, ss. 271-303.
  • Gökalp, M. Faysal ve Ercan Baldemir. “Kurumsal Yapı ve Ekonomik Büyüme İlişkisi”. Dokuz Eylül Üniversitesi SBE Dergisi, Cilt 8, Sayı:1, 2006, ss.212-226.
  • Gurbanov, Sarvar (2012), Hollanda Hastalığı: Teori ve Ülke Örnekleri. İstanbul: Akis Kitap, 2012.
  • Huynh, Kim P ve David T. Jacho-Chávez (2009), “Growth and Governance:A nonparametric analysis”. Journal of Comparative Economics, Volume 37,Issue 1, ss. 121-143.
  • Kasper, Wolfgang (2007), Ekonomik Özgürlük ve Gelişme, Bahadır Akın(çev.), Ankara: Liberte Yayınları.
  • Kaufmann, Daniel ve Aaart Kraay ve Massimo Mastruzzi (2010), “TheWorldwide Governance Indicators-Methodology and Analytical Issues”, TheWorld Bank Policy Research Working Paper, No: 5430.
  • Kilishi A. A. ve Diğerleri (2013), “Institutions and Economic Performancein Sub-Saharan Africa: A Dynamic Panel Data Analysis”, Journal of African Development, Cilt: 15, Sayı: 2, ss.91-120.
  • Knack, Stephen ve Philip Keefer (1995), “Institutions And EconomicPerformance: Cross-Country Tests Using Alternative InstitutionalMeasures”. Economics and Politics, Vol. 7, No. 3, ss. 207- 227.
  • Mauro, Paolo (1995), “Corruption and Growth”. The Quarterly Journal ofEconomics, Vol. 110, No. 3, ss. 681-712.
  • North, Douglass C. (2002), Kurumlar, Kurumsal Değişim ve EkonomikPerformans, Gül Çağalı Güven (çev.), İstanbul: Sabancı ÜniversitesiYayınlan.
  • Olson, Mancur (1982),The Rise and Decline of Nations: Economic Growth,Stagflation and Social Rigidities, New Hawen, Yale University Press
  • Olson, Mancur, Naveen Sarna ve Anand V. Swamy (2000),“Governance And Growth: A Simple Hypothesis Explaining Cross-CountryDifferences In Productivity Growth”. Public Choice, 102,ss.341-364.
  • Öztürkler, Harun (2012), “Körfez Arap Ülkelerinin İşbirliği Konseyi veBirleşik Bir Suudi Arabistan ve Bahreyn’in Ekonomik Açıdan Önemi”.Ortadoğu Analiz, - Cilt: 4 - Sayı: 42, ss.77-83.
  • Rigobon, Roberto ve Dani Rodrik (2004) “Rule of Law, Democracy,Openness, and Income: Estimating the Interrelationships”. National BureauEconomic Research, Working Paper No. 10750, ss.1- 28.
  • Rivera-Batiz, Luis A ve Maria-Angels Oliva (2002), “Political Institutions,Capital Flows, and Developing Country Growth: An EmpiricalInvestigation”. Review of Development Economics, 6 ss.248-262.
  • Rodrik, Dani (1997), “TFPG Controversies, Institutions, and EconomicPerformance in East Asia”. National Bureau Economic Research,WorkingPaper No.5914, ss.1-37.
  • Rodrik, Dani (2000), “Institutions for High-Quality Growth: What They are and How to Acquire Them”. National Bureau Economic Research, Working Paper No. 7540, ss.1-48
  • Rodrik, Dani (2004), Arvind Subramanian ve Francesco Trebbi. “InstitutionsRule: The Primacy Of Institutions Over Geography And Integration in Economic Development”. Journal of EconomicGrowth, Vol. 9, No. 2, ss. 131-165.
  • Sachs, Jeffrey D. ve Andrew M. Warner (1997), “Sources of Slow Growth inAfrican Economies”, Journal of African Economies, 6(3), ss. 335-376.
  • Sachs,Jeffrey D ve Warner, Andrew M. (1997), “Fundemental Sources of Long-Run Growth”, The American Economic Review, Vol. 87, No. 2, ss. 184-188
  • Seyidoğlu, Halil (2001),İktisat Biliminin Temelleri. İstanbul: Güzem Can Yayınları No:21, 2001.
  • Siddiqui, Danish Ahmed and Qazi Masood Ahmed (2009), “Institutions andEconomic Growth: Across Country Evidence”. MPRA, Paper No. 19747
  • Sobhee, Sanjeev K. (2012), “Quality of Institutions and Economic Growth in Developing Economies”, Social Sciences Research Network Papers, http://ssrn.com/abstract=2176542, (10.08.2015).
  • Tanzi, Vito ve Hamid Davoodi (1997) “Corruption, Public Investment andGrowth”. IMF Working Paper. WP/97/139, ss. 3-23.
  • Tatoğlu, Ferda Yerdelen (2013), Panel Veri Ekonometrisi - Stata Uygulamalı, 2. Baskı, İstanbul: Beta Basım Yayınları.
  • Tatoğlu, Ferfa Y. (2005), Sermaye Piyasası'nda Riskin Sınırlı BağımlıDeğişkenli Panel Veri Modelleri ile Analizi. Yayımlanmamış Doktora Tezi,İstanbul Üniversitesi.
  • Uğur, Mehmet (2011), “Kurumsal Kalite ve Ekonomik Performans: İktisadın (Yeniden) Siyasallaşması Mı?”. İktisat ve Toplum, Yıl 1, Sayı 9, 2011, ss.36-41.
  • Ünay, Sadık (2013),Kalkınmacı Modernlik; Küresel Entegrasyon ve Ortadoğu Ekonomi Politiği. İstanbul: Küre Yayınları, Birinci Basım
  • Veblen, Thorstein B. (1994),The Theory of Leisure Class, Dover Thrift Editions, Canada: General Publishing Company.
  • Yapraklı, Sevda (2008), “Kurumsal Yapının Ekonomik Büyümeye Etkisi: Üst Orta Gelir Düzeyindeki Ülkeler Üzerine Bir Uygulama”. Ege Akademik Bakış, 8 (1), ss.301-317
  • Zhuan, Juzhong ve Diğerleri (2010), “Governance and Institutional Quality and the Links withEconomic Growth and Income Inequality: With Special Reference to Developing Asia”, Asia Development Bank Economics Working Paper Series, No: 193.

The Impact of Institutional Quality Factors on Economic Growth: The Case of the Gulf Countries

Year 2017, Volume: 5 Issue: 4, 1 - 15, 01.10.2017
https://doi.org/10.25272/j.2147-7035.2017.5.4.04

Abstract

The purpose of this study is to examine the effects of various institutional quality factors on economic growth are estimated by the "Flexible Generalized Least Squares Method" FGLS using panel data analysis in the member of the Gulf Cooperation Council Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates, such as securing property rights, establishing accountable political frameworks, establishing infrastructure to prevent corruption and securing political freedom. In the context of this study using data for the period 1995-2014, in these six Gulf Arab Countries, it has been concluded that there is a positive and significant relationship between economic growth and the institutional quality variables of “Voice and Accountability” and “Control of Corruption”, there is a negative and significant relationship between economic growth and the institutional quality variables of “Rule Of Law” and “Regulatory Quality” and there is a no significant relationship between economic growth and the institutional quality variables of “Political Stability and Absence of Violence ” and “Government Effectiveness”.

References

  • Acemoğlu, Daron, Simon Johnson ve James A. Robinson (2001), “The Colonial Origins of Comparative Development: An Empirical Investigation”. The American Economic Review. Vol. 91, No. 5, ss.1369-1401.
  • Acemoğlu, Daron, Simon Johnson, James A. Robinson ve Yunyong Thaicharoen (2003), “Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth”. Journal of Monetary Economics, Volume 50, Issue 1, ss. 49-123.
  • Arı, Tayyar (1999), 2000’li Yıllarda Basra Körfezi’nde Güç Dengesi. İstanbul: Alfa Yayınları
  • Arı, Tayyar (2012) Geçmişten Günümüze Orta Doğu, Siyaset, Savaş ve Diplomasi. 5. Baskı Bursa: MKM Yayıncılık
  • Aron, Janine (2000), “Growth and Institutions: A Review of the Evidence”The World Bank Research Observer, Cilt 15, Sayı 1, ss.99-135
  • Aytun, Cengiz ve Cemil Serhat Akın (2014). “Kurumsal Kalite ve EkonomikBüyüme: Panel Nedensellik Analizi”. Çukurova Üniversitesi İİBF Dergisi,18. cilt, 1. sayı, ss.89-100.
  • Baltagi, Badi H (2013), Econometrics Analysis of Panel Data. EconometricAnalysis of Panel Data, 5th Edition, John Wiley & Sons, Ltd.
  • Barro,Robert J.(1991), “Economic Growth in a Cross Section of Countries”, The Quarterly Journal of Economics, Vol. 106, No. 2. May, ss. 407-443
  • Barro, Robert J.(1996), “Determinants of Economıc Growth: A Cross-Country Empirical Study”, National Bureau Of Economic Research, Working Paper 5698, ss. 1-79
  • Barro, Robert J.(2003), “Determinants of Economic Growth in a Panel of Countries”, Annals Of Economics And Finance, 4, ss. 231–274
  • Başkan, Birol (2011), “Turkey-GCC Relations: Is There A Future”. InsightTurkey, Vol.13, No. 1,ss.159-173.
  • Bhattacharya, Rina ve Hirut Wolde (2010), “Constraints on Growth in theMENA Region”. IMF Working Paper, WP/10/30, ss.3-21.
  • Biber, Ahmet Emre (2010), “İktisadi Büyümede Kurumsal Faktörler veKurumsal Değişim”. Akademik Bakış, Sayı: 19, ss.1-24.
  • Bilge, Mustafa L. (1992), “Basra Körfezi” TDV İslam Ansiklopedisi, 1992, Cilt: 05, s.114-117.
  • BP, Statistical Review of World Energy (2016),https://www.bp.com/content/dam/bp/pdf/energy economics/statistical report.pdf(01.03.2017)
  • review-2016/bp-statistical-review-of-world-energy-2016-full
  • Chang, Ha-Joon(2011), “Institutions and Economic Development: Theory,Policy And History”.Journal of Institutional Economics, 7: 4, ss.473-498.
  • Çetin, Tamer (2012), “Yeni Kurumsal İktisat”, Sosyoloji Konferansları, No:45, ss.43-73.
  • Drury, A. Cooper. Jonathan Krieckhaus ve Michael Lusztig (2006),“Corruption, Democracy and Economic Growth”, International PoliticalScience Review, Vol. 27, No. 2, ss.121-136.
  • Genç, Hamdi (2011), “MENA Bölgesinde Uygulanan İktisat PolitikalarınıBelirleyen Faktörler”. Ortadoğu ve Kuzey Afrika Ülkelerinin EkonomikYapısı-MENA Ülkeleri Ekonomileri, Hamdi Genç ve Ferhat Sayım(Der.), Bursa: MKM Yayıncılık. ss.21-28.
  • Glaeser, Edward, L. Rafael La Porta, Florencio Lopez-de-Silanes ve AndreiShleifer (2004), “Do Institutions Cause Growth”. Journal of EconomicGrowth, Vol. 9, Issue 3, ss. 271-303.
  • Gökalp, M. Faysal ve Ercan Baldemir. “Kurumsal Yapı ve Ekonomik Büyüme İlişkisi”. Dokuz Eylül Üniversitesi SBE Dergisi, Cilt 8, Sayı:1, 2006, ss.212-226.
  • Gurbanov, Sarvar (2012), Hollanda Hastalığı: Teori ve Ülke Örnekleri. İstanbul: Akis Kitap, 2012.
  • Huynh, Kim P ve David T. Jacho-Chávez (2009), “Growth and Governance:A nonparametric analysis”. Journal of Comparative Economics, Volume 37,Issue 1, ss. 121-143.
  • Kasper, Wolfgang (2007), Ekonomik Özgürlük ve Gelişme, Bahadır Akın(çev.), Ankara: Liberte Yayınları.
  • Kaufmann, Daniel ve Aaart Kraay ve Massimo Mastruzzi (2010), “TheWorldwide Governance Indicators-Methodology and Analytical Issues”, TheWorld Bank Policy Research Working Paper, No: 5430.
  • Kilishi A. A. ve Diğerleri (2013), “Institutions and Economic Performancein Sub-Saharan Africa: A Dynamic Panel Data Analysis”, Journal of African Development, Cilt: 15, Sayı: 2, ss.91-120.
  • Knack, Stephen ve Philip Keefer (1995), “Institutions And EconomicPerformance: Cross-Country Tests Using Alternative InstitutionalMeasures”. Economics and Politics, Vol. 7, No. 3, ss. 207- 227.
  • Mauro, Paolo (1995), “Corruption and Growth”. The Quarterly Journal ofEconomics, Vol. 110, No. 3, ss. 681-712.
  • North, Douglass C. (2002), Kurumlar, Kurumsal Değişim ve EkonomikPerformans, Gül Çağalı Güven (çev.), İstanbul: Sabancı ÜniversitesiYayınlan.
  • Olson, Mancur (1982),The Rise and Decline of Nations: Economic Growth,Stagflation and Social Rigidities, New Hawen, Yale University Press
  • Olson, Mancur, Naveen Sarna ve Anand V. Swamy (2000),“Governance And Growth: A Simple Hypothesis Explaining Cross-CountryDifferences In Productivity Growth”. Public Choice, 102,ss.341-364.
  • Öztürkler, Harun (2012), “Körfez Arap Ülkelerinin İşbirliği Konseyi veBirleşik Bir Suudi Arabistan ve Bahreyn’in Ekonomik Açıdan Önemi”.Ortadoğu Analiz, - Cilt: 4 - Sayı: 42, ss.77-83.
  • Rigobon, Roberto ve Dani Rodrik (2004) “Rule of Law, Democracy,Openness, and Income: Estimating the Interrelationships”. National BureauEconomic Research, Working Paper No. 10750, ss.1- 28.
  • Rivera-Batiz, Luis A ve Maria-Angels Oliva (2002), “Political Institutions,Capital Flows, and Developing Country Growth: An EmpiricalInvestigation”. Review of Development Economics, 6 ss.248-262.
  • Rodrik, Dani (1997), “TFPG Controversies, Institutions, and EconomicPerformance in East Asia”. National Bureau Economic Research,WorkingPaper No.5914, ss.1-37.
  • Rodrik, Dani (2000), “Institutions for High-Quality Growth: What They are and How to Acquire Them”. National Bureau Economic Research, Working Paper No. 7540, ss.1-48
  • Rodrik, Dani (2004), Arvind Subramanian ve Francesco Trebbi. “InstitutionsRule: The Primacy Of Institutions Over Geography And Integration in Economic Development”. Journal of EconomicGrowth, Vol. 9, No. 2, ss. 131-165.
  • Sachs, Jeffrey D. ve Andrew M. Warner (1997), “Sources of Slow Growth inAfrican Economies”, Journal of African Economies, 6(3), ss. 335-376.
  • Sachs,Jeffrey D ve Warner, Andrew M. (1997), “Fundemental Sources of Long-Run Growth”, The American Economic Review, Vol. 87, No. 2, ss. 184-188
  • Seyidoğlu, Halil (2001),İktisat Biliminin Temelleri. İstanbul: Güzem Can Yayınları No:21, 2001.
  • Siddiqui, Danish Ahmed and Qazi Masood Ahmed (2009), “Institutions andEconomic Growth: Across Country Evidence”. MPRA, Paper No. 19747
  • Sobhee, Sanjeev K. (2012), “Quality of Institutions and Economic Growth in Developing Economies”, Social Sciences Research Network Papers, http://ssrn.com/abstract=2176542, (10.08.2015).
  • Tanzi, Vito ve Hamid Davoodi (1997) “Corruption, Public Investment andGrowth”. IMF Working Paper. WP/97/139, ss. 3-23.
  • Tatoğlu, Ferda Yerdelen (2013), Panel Veri Ekonometrisi - Stata Uygulamalı, 2. Baskı, İstanbul: Beta Basım Yayınları.
  • Tatoğlu, Ferfa Y. (2005), Sermaye Piyasası'nda Riskin Sınırlı BağımlıDeğişkenli Panel Veri Modelleri ile Analizi. Yayımlanmamış Doktora Tezi,İstanbul Üniversitesi.
  • Uğur, Mehmet (2011), “Kurumsal Kalite ve Ekonomik Performans: İktisadın (Yeniden) Siyasallaşması Mı?”. İktisat ve Toplum, Yıl 1, Sayı 9, 2011, ss.36-41.
  • Ünay, Sadık (2013),Kalkınmacı Modernlik; Küresel Entegrasyon ve Ortadoğu Ekonomi Politiği. İstanbul: Küre Yayınları, Birinci Basım
  • Veblen, Thorstein B. (1994),The Theory of Leisure Class, Dover Thrift Editions, Canada: General Publishing Company.
  • Yapraklı, Sevda (2008), “Kurumsal Yapının Ekonomik Büyümeye Etkisi: Üst Orta Gelir Düzeyindeki Ülkeler Üzerine Bir Uygulama”. Ege Akademik Bakış, 8 (1), ss.301-317
  • Zhuan, Juzhong ve Diğerleri (2010), “Governance and Institutional Quality and the Links withEconomic Growth and Income Inequality: With Special Reference to Developing Asia”, Asia Development Bank Economics Working Paper Series, No: 193.
There are 51 citations in total.

Details

Primary Language Turkish
Journal Section Research Article
Authors

Tahsin Yamak

Publication Date October 1, 2017
Published in Issue Year 2017 Volume: 5 Issue: 4

Cite

ISNAD Yamak, Tahsin. “Kurumsal Kalite Faktörlerinin Ekonomik Büyüme Üzerindeki Etkisi: Körfez Ülkeleri Örneği”. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi 5/4 (October 2017), 1-15. https://doi.org/10.25272/j.2147-7035.2017.5.4.04.