The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020)

Oğuzhan SUNGUR, (Recep Tayyip Erdoğan Üniversitesi, Rize, Türkiye)
Ali ALTINER (Recep Tayyip Erdoğan Üniversitesi, Rize, Türkiye)
Sosyoekonomi
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Yıl: 2023 Cilt: 31 Sayı: 58 Sayfa Aralığı: 161 - 178 Metin Dili: İngilizce DOI: 10.17233/sosyoekonomi.2023.04.08 İndeks Tarihi: 01-11-2023

The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020)

Öz:
This study examines the impact of democracy and political stability on economic growth in BRICS-T countries from 2002-2020. A panel data analysis investigated the relationship between democracy, political stability, the absence of violence, and economic growth. Results indicate that the democratisation process positively impacts economic growth, while political stability has a negative impact. Additionally, the study found a positive effect on economic growth from the population, inflation, and public expenditures variables, while the variables of gross fixed capital accumulation, foreign direct investment, and urbanisation did not have a substantial effect on economic growth.
Anahtar Kelime: Democracy Political Stability Economic Growth Panel Data Analysis

Demokrasi ve Politik İstikrarın Ekonomik Büyüme Üzerindeki Etkisi: BRICS-T Ülkelerinden Ampirik Kanıtlar (2002-2020)

Öz:
Bu çalışma, politik iktisat çalışma konularından demokrasi ve politik istikrarın ekonomik büyüme üzerindeki etkisini 2002-2020 dönemi için BRICS-T ülkeler örnekleminde araştırmaktadır. Bu amaçla, demokrasi ve politik istikrar ve şiddetin yokluğu ile ekonomik büyüme arasında panel veri analizi gerçekleştirilmiştir. Analiz sonucunda demokratikleşme sürecinin ekonomik büyümeyi olumlu yönde etkilerken, politik istikrar ekonomik büyümeyi olumsuz yönde etkilediği tespit edilmiştir. Ayrıca nüfus, enflasyon ve kamu harcamaları değişkenlerinin ekonomik büyümeyi olumlu yönde etkilediği; brüt sabit sermaye birikimi, doğrudan yabancı sermaye yatırımı ve kentleşme değişkenlerinin ise ekonomik büyüme üzerinde anlamlı bir etkiye sahip olmadığı sonucuna varılmıştır.
Anahtar Kelime: Demokrasi Politik İstikrar Ekonomik Büyüme Panel Veri Analizi

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA SUNGUR O, ALTINER A (2023). The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). , 161 - 178. 10.17233/sosyoekonomi.2023.04.08
Chicago SUNGUR Oğuzhan,ALTINER ALI The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). (2023): 161 - 178. 10.17233/sosyoekonomi.2023.04.08
MLA SUNGUR Oğuzhan,ALTINER ALI The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). , 2023, ss.161 - 178. 10.17233/sosyoekonomi.2023.04.08
AMA SUNGUR O,ALTINER A The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). . 2023; 161 - 178. 10.17233/sosyoekonomi.2023.04.08
Vancouver SUNGUR O,ALTINER A The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). . 2023; 161 - 178. 10.17233/sosyoekonomi.2023.04.08
IEEE SUNGUR O,ALTINER A "The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020)." , ss.161 - 178, 2023. 10.17233/sosyoekonomi.2023.04.08
ISNAD SUNGUR, Oğuzhan - ALTINER, ALI. "The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020)". (2023), 161-178. https://doi.org/10.17233/sosyoekonomi.2023.04.08
APA SUNGUR O, ALTINER A (2023). The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). Sosyoekonomi, 31(58), 161 - 178. 10.17233/sosyoekonomi.2023.04.08
Chicago SUNGUR Oğuzhan,ALTINER ALI The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). Sosyoekonomi 31, no.58 (2023): 161 - 178. 10.17233/sosyoekonomi.2023.04.08
MLA SUNGUR Oğuzhan,ALTINER ALI The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). Sosyoekonomi, vol.31, no.58, 2023, ss.161 - 178. 10.17233/sosyoekonomi.2023.04.08
AMA SUNGUR O,ALTINER A The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). Sosyoekonomi. 2023; 31(58): 161 - 178. 10.17233/sosyoekonomi.2023.04.08
Vancouver SUNGUR O,ALTINER A The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020). Sosyoekonomi. 2023; 31(58): 161 - 178. 10.17233/sosyoekonomi.2023.04.08
IEEE SUNGUR O,ALTINER A "The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020)." Sosyoekonomi, 31, ss.161 - 178, 2023. 10.17233/sosyoekonomi.2023.04.08
ISNAD SUNGUR, Oğuzhan - ALTINER, ALI. "The Effect of Democracy and Political Stability on Economic Growth: Empirical Evidence from BRICS-T Countries (2002-2020)". Sosyoekonomi 31/58 (2023), 161-178. https://doi.org/10.17233/sosyoekonomi.2023.04.08
Sayfa Oluşturulma Tarihi
25-04-2024 0:12

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