Yıl: 2023 Cilt: 23 Sayı: 4 Sayfa Aralığı: 627 - 638 Metin Dili: İngilizce DOI: 10.21121/eab.881925 İndeks Tarihi: 25-11-2023

An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries

Öz:
Whether economic and political institutions have an impact on countries' economic growth performances is one of the important research topics discussed in the literature. Former socialist Central Asian and Caucasian countries trying to adapt into market economy have not yet completed their transition processes, but they have managed to grow their economies in comparison to previous periods. The aim of this study is to analyse the relationship between the growth performances and institutional structures of the Central Asian and Caucasian countries of Azerbaijan, Armenia, Georgia, Kazakhstan, Kyrgyzstan and Tajikistan between the years 2000-2018 by using the decision variables of civil rights, economic freedom, political stability, rule of law and GDP per capita. According to the analysis results obtained via Grey Relational Analysis method by assigning equal importance to all variables, Kazakhstan is found to be the highest-ranking country among all examined countries for all periods. The authoritarian tendencies that these countries have shown during their market economy transitions with regards to matters related to institutional structure have been found to be the reason why countries’ economic efforts have failed to yield results
Anahtar Kelime: Institutions, Growth, Transition Economics, Grey Relational Analysis, Central Asian and Caucasian Countries,

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA ÇUHADAR P, BULĞURCU B (2023). An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. , 627 - 638. 10.21121/eab.881925
Chicago ÇUHADAR Pınar,BULĞURCU BERNA An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. (2023): 627 - 638. 10.21121/eab.881925
MLA ÇUHADAR Pınar,BULĞURCU BERNA An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. , 2023, ss.627 - 638. 10.21121/eab.881925
AMA ÇUHADAR P,BULĞURCU B An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. . 2023; 627 - 638. 10.21121/eab.881925
Vancouver ÇUHADAR P,BULĞURCU B An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. . 2023; 627 - 638. 10.21121/eab.881925
IEEE ÇUHADAR P,BULĞURCU B "An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries." , ss.627 - 638, 2023. 10.21121/eab.881925
ISNAD ÇUHADAR, Pınar - BULĞURCU, BERNA. "An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries". (2023), 627-638. https://doi.org/10.21121/eab.881925
APA ÇUHADAR P, BULĞURCU B (2023). An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. Ege Akademik Bakış, 23(4), 627 - 638. 10.21121/eab.881925
Chicago ÇUHADAR Pınar,BULĞURCU BERNA An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. Ege Akademik Bakış 23, no.4 (2023): 627 - 638. 10.21121/eab.881925
MLA ÇUHADAR Pınar,BULĞURCU BERNA An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. Ege Akademik Bakış, vol.23, no.4, 2023, ss.627 - 638. 10.21121/eab.881925
AMA ÇUHADAR P,BULĞURCU B An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. Ege Akademik Bakış. 2023; 23(4): 627 - 638. 10.21121/eab.881925
Vancouver ÇUHADAR P,BULĞURCU B An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries. Ege Akademik Bakış. 2023; 23(4): 627 - 638. 10.21121/eab.881925
IEEE ÇUHADAR P,BULĞURCU B "An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries." Ege Akademik Bakış, 23, ss.627 - 638, 2023. 10.21121/eab.881925
ISNAD ÇUHADAR, Pınar - BULĞURCU, BERNA. "An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries". Ege Akademik Bakış 23/4 (2023), 627-638. https://doi.org/10.21121/eab.881925