Yükselen Piyasa Ekonomilerinde Demokratikleşme ve Ekonomik Büyüme

Özellikle 1980'li yılların ortalarından itibaren küreselleşme olgusu çeşitli yönlerden hız kazanmış ve bu süreç birçok ülkenin demokratikleşmesine kısmen katkıda bulunmuştur. Bu çalışma Westerlund-Durbin-Hausman (2008) panel eşbütünleşme testi ile Dumitrescu ve Hurlin (2012) panel nedensellik testini kullanarak 2002-2015 döneminde yükselen piyasa ekonomilerinde, demokratikleşmenin ekonomik büyüme üzerindeki etkisini araştırmaktadır. Çalışma sonucunda ekonomik büyüme ile demokratikleşme arasında uzun dönemli bir ilişki olduğu belirlenmiş, ancak demokratikleşme ile büyüme arasındaki etkileşimin ülkeden ülkeye farklılık gösterdiği belirlenmiştir. Bununla birlikte, kısa dönemde demokratikleşme ile ekonomik büyüme arasında bir nedensellik ilişkisi olmadığı tespit edilmiştir.

Anahtar Kelimeler:

Demokratikleşme, ekonomik büyüme

Democratization and Economic Growth in Emerging Market Economies

The globalization phenomenon has gained speed in various aspects especially since mid-1980s, this process in turn partially contributed to democratization of the many countries. This study researches the effect of democratization on economic growth in emerging markets over 2002-2015 period with panel cointegration test of Westerlund-Durbin-Hausman (2008) and panel causality test of Dumitrescu and Hurlin (2012). The results revealed a cointegrating relationship between economic growth and democratization, but the interaction between democratization and growth varies from country to country. However, no causality relationships were found between democratization and economic growth in the short run.

Keywords:

Democratization, economic growth,

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