Research Article
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Year 2020, Volume: 1 Issue: 1, 1 - 14, 29.12.2020

Abstract

References

  • Aisen, A. and Veiga, F.J. (2013) ‘How does political instability affect economic growth?’, European Journal of Political Economy, 29, pp. 151– 167.
  • Arslan, Ü. and Doğan, C. (2004) ‘Demokrasi ve ekonomik büyüme’, Mustafa Kemal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 1(1), pp. 1-13.
  • Adelman, I. and Morris, C. T. (1967) Society, politics and economic development. Baltimore, MD: Johns Hopkins University Press.
  • Alesina, A., Ozler, S., Roubini, N. and Swagel, P. (1996) ‘Political instability and economic growth’, Journal of Economic Growth, 1(2), pp. 189–211.
  • Banks, A. S. (1970) Political handbook of the World. New York: McGraw-Hill.
  • Barro, R.J. and Lee, J. W. (1993) ‘Losers and winners in economic-growth’, NBER Working Paper Series, pp. 267-97.
  • Baum, M. A. and Lake, D. A. (2003) ‘The political economy of growth: democracy and human capital’, American Journal of Political Science, 47(2), pp. 333–347.
  • Barro, R. J. (1996) ‘Democracy and growth’, Journal of Economic Growth, 1(1), pp. 1–27.
  • Başar, S., Güllüce, A. Ç. ve Yıldız, Ş. (2009) ‘Effects of Economic Growth on Democratization in Transition Economies: A Panel Data Approach’, Sosyoekonomi, 2009(1), pp. 87-101.
  • Başar, S. ve Yıldız, Ş. (2012) ’İktisadi Büyümenin Demokratikleşmeye Etkisi Üzerine Bir Araştırma’, Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 3(3), pp. 9-38.
  • Benhabib, J., Corvalan, A. and Spiegel, M. M. (2013) ‘Income and democracy: evidence from nonlinear estimations’, Economics Letters, 118(3), pp. 489-492.
  • Bhalla, S. (1994) ‘Freedom and economic growth: a virtuous cycle?’ in Hadenius A. (eds.) Democracy’s victory and crisis. Cambridge: Cambridge University Press, pp. 195-241.
  • Butkiewicz, J. L. and Yanikkaya, H. (2006) ‘Institutional quality and economic growth: maintenance of the rule of law or democratic institutions, or both?’, Economic Modelling, 23(2006), pp. 648-661.
  • Chatterji, M., Gilmore, B., Strunk, K. and Vanasin, J. (1993) ‘Political economy, growth and convergence in less-developed countries’, World Development, 21(12), pp. 2029–2038.
  • Cohen, Y. (1985) ‘The impact of bureaucratic-authoritarian rule on economic growth’, Comparative Political Studies, 18(1), pp. 123–36.
  • Collier, p. and Hoeffler, A. (2009) ‘Testing the neocon agenda: democracy in resource-rich societies’, European Economic Review, 53(3), pp. 293-308.
  • Comeau, L. (2003) ‘Democracy and growth: a relationship revisited’, Eastern Economic Journal, 29(1), pp. 1–21.
  • Cutright, P. (1963) ‘National political development: its measures and analysis’, American Sociological Review, 28, pp. 253–264.
  • Cutright, P. and Wiley, J. A. (1969) ‘Modernization and political representation, 1927-1966’, Studies in Comparative International Development, 5(2), pp. 23-41.
  • Dasgupta, P. (1990) ‘Well-being and the extent of its realisation in poor countries’, The Economic Journal, 100(400), pp. 1-32.
  • De Haan, J. and Siermann, C. L. J. (1995) “New evidence on the relationship between democracy and economic growth’, Public Choice, 86(1–2), pp. 175–98.
  • Djezou, W. B. (2014), ‘The democracy and economic growth nexus: empirical evidence from Côte d’Ivoire’, The European Journal of Comparative Economics, 11(2), pp. 251-266.
  • Dollar, D. and Kraay, A. (2003) ‘Institutions, Trade and Growth’, Journal of Monetary Economics, 50, 133-162.
  • Doucouliagos, H. and Ulubaşoğlu, M. A. (2008) ‘Democracy and economic growth: a meta-analysis’, American Journal of Political Science, 52(1), pp. 61-83.
  • Fidrmuc, J. (2003) ‘Economic reform, democracy and growth during post-communist transition’, European Journal of Political Economy, 19(3), pp. 583–604.
  • Grier, K. B. and Tullock, G. (1989) ‘An empirical analysis of cross-national economic growth, 1951–1980’, Journal of Monetary Economics,24(2), pp. 259–276.
  • Harrington, James. (1992) The commonwealth of oceana and a System of politics. Ed. John G. A. Pocock. Cambridge: Cambridge University Press. (original work published 1656).
  • Heo, U. and Tan, A. C. (2001) ‘Democracy and economic growth: a causal analysis’, Comparative Politics, 33(4), pp. 463–473.
  • Heliwell, J. F. (1994) ‘Empirical linkages between Democracy and growth’, British Journal of Political Science, 24(2), pp. 225–248.
  • Hobbes, T. (1967) Leviathan. Ed. Macpherson, Crawford B. Harmondsworth, UK: Penguin. (original work published 1651).
  • Huntington, S. (1968) The political order in changing societies. New Haven, CT: Yale University Press.
  • Knutsen, C. H. (2013) ‘Democracy, state capacity, and economic growth’, World Development, 43, pp. 1-18.
  • Krieckhaus, J.(2006) ‘Democracy and economic growth: how regional context influences regime effects’, British Journal of Political Science, 3682), pp. 317-340.
  • Kurzman, C. Regina, W. and Burkhart, R. E. (2002) ‘Democracy’s effect on economic growth: a pooled time-series analysis, 1951–80’, Studies in Comparative International Development, 37(1), pp. 3–33.
  • Landau, D. (1986) ‘Government and economic growth in the less developed countries: an empirical study for 1960–1980’, Economic Development and Cultural Change, 35(1), pp. 35–75.
  • Leblang, D. A. (1997) ‘Political democracy and economic growth: pooled cross-sectional and time-series evidence’, British Journal of Political Science, 27(3), pp. 453–472.
  • Levine, R. and David Renelt, D. (1992) ‘A sensitivity analysis of cross-country growth regressions’, American Economic Review, 82(4), pp. 942–963.
  • Lipset, S. M. (1959) ‘Some social requisites of democracy, economic development and political development’, American Political Science Review, 53(1), pp. 69–105.
  • London, B. and Williams, B. A. (1990) ‘National politics, international dependency, and basic needs provision: a cross-national analysis’, Social Forces, 69(2), pp. 565-584.
  • Marsh, R. M. (1988) ‘Sociological explanations of economic growth’, Studies in Comparative International Research, 13(4), pp. 41–77.
  • Nelson, M. A. and Singh, R. D. (1998) ‘Democracy, economic freedom, fiscal policy, and growth in LDCs: a fresh look’, Economic Development and Cultural Change, 46(4), pp. 677–696.
  • Narayan, P. K., Narayan, S. and Smyth, R. (2011) ‘Does democracy facilitate economic growth or does economic growth facilitate democracy? An empirical study of Sub-Saharan Africa’, Economic Modelling, 28, pp. 900-910.
  • Narayan, P. K. and Smyth, R. (2006) Democracy and economic growth in China: evidence from cointegration and causality testing’, Review of Applied Economics, 2(1), pp. 81-98.
  • North, D. (1990) Institutions, institutional change and economic performance. Cambridge: Cambridge University Press.
  • Olson, M. (1983) The rise and decline of Nations: economic growth, stagflation and social rigidities. New Haven, CT: Yale University Press.
  • Olson, M. (1993) ‘Dictatorship, democracy, and development’, American Political Science Review 87(3), pp. 567–576.
  • Papaioannou, E. and Siourounis, G. (2008) ‘Democratisation and Growth’, The Economic Journal, 118(532), pp. 1520-1551.
  • Persson, T. and Tabellini, G. (1994) ‘Is inequality harmful for growth?’, American Economic Review, 84(3), pp. 600–621.
  • Piatek, D., Szarzec, K. and Pilc, M. (2013) ‘Economic freedom, democracy and economic growth: a causal investigation in transition countries’, Post-Communist Economies, 25(3), pp. 267-288.
  • Przeworski, A., Alvarez, M. E., Chiebub, J. A. and Limongi, F. (2000) Democracy and development: political institutions and well-being in the world, 1950-1990. New York: Cambridge University Press.
  • Rachdi, H. ve Saidi, H. (2015) ‘Democracy and economic growth: evidence in MENA countries’, Procedia Social and Behavioral Sciences, 191(2015), pp. 616-621.
  • Rock, M. T. (2009) ‘Has democracy slowed growth in Asia?’, WorldDevelopment, 37(5), pp. 941-952.
  • Rodrik, D. (2000) ‘Institutions for high-quality growth: what they are and how to acquire them’, Studies in International Comparative Development, 35(3), pp. 3–31.
  • Saatcioğlu, C. and Karaca, O. (2015) ‘İktisadi kalkınmanın demokrasi Üzerindeki etkisi: panel veri analizi’, Atatürk Üniversitesi İİBF Dergisi. 29(4), pp. 775-796.
  • Sirowy, L. and Inkeles, A. (1990) ‘The effects of democracy on economic growth and inequality: a review’, Studies in Comparative International Development, 25(1), pp. 126–157.
  • Şahin, D. (2017) ‘Geçiş ekonomilerinde demokrasi ve ekonomik büyüme ilişkisi: panel veri analizi’, Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, 5(1), pp. 45-57.
  • Tang, S. H. K. and Yung, L. C. W. (2008) ‘Does rapid economic growth enhance democratization? Time-series evidence from high performing Asian economies’, Journal of Asian Economics, 19(3), pp. 244-253.
  • Tavares, J. and Wacziarg, R. (2001) ‘How democracy affects growth’, European Economic Review, 45(8), pp. 1341–1378.
  • Yang, B. (2008) ‘Does democracy lower growth volatility? A dynamic panel analysis’, Journal of Macroeconomics, 30, pp. 562–574.
  • Yay, G. G. (2002) ‘İktisadi gelişme ve demokrasi ilişkisi üzerine bir sınama’, İstanbul Üniversitesi İktisat Fakültesi Mecmuası, 52(1), pp. 27-54.
  • You, J-S. (2011) ‘Democracy, inequality and corruption: Korea, Taiwan, and the Philippines compared’, SSRN Working Papers Series, pp. 1-28.

The Relationship Between Economic Growth and Democracy: A Conceptual Approach

Year 2020, Volume: 1 Issue: 1, 1 - 14, 29.12.2020

Abstract

Bu çalışmanın odak noktası ekonomik büyüme ve demokrasi arasındaki ilişkiyi kavramsal olarak ortaya koymaktır. Tüm ülkeler ekonomik büyüme yoluyla kişi başına gelir düzeylerini ve toplumun refah düzeyini artırmak isterler. Bu bağlamda, ülkeler açısından önemli olan diğer bir husus ise istikrarlı ve sürdürülebilir bir ekonomik büyümeyi sağlamaktır. Ekonomik büyüme üzerinde etkili olan birçok faktör bulunmaktadır. Ekonomik büyümeyi etkileyen bu faktörlerin arasında kurumsal yönetim, iyi idare ve siyasi istikrarın bir göstergesi olarak kabul edilen demokrasi yerini almıştır. Yaşanan süreçte ekonomik büyüme ve demokrasinin yakından ilişkili olduğu ve aralarındaki ilişki açısından birbirlerini olumlu yönde etkileyecekleri yönünde bir görüş bulunmaktadır. Bu bağlamda, belli bir gelişme düzeyine gelen ülkelerde demokrasinin gelişeceği ve demokrasinin de kurumsal denetimin ve güçlü kurumsal yapıların oluşmasını sağlayarak ve sivil haklar ve mülkiyet haklarını güvence altına alarak ekonomik büyümeyi olumlu etkileyeceği görüşü ortaya çıkmaktadır.

References

  • Aisen, A. and Veiga, F.J. (2013) ‘How does political instability affect economic growth?’, European Journal of Political Economy, 29, pp. 151– 167.
  • Arslan, Ü. and Doğan, C. (2004) ‘Demokrasi ve ekonomik büyüme’, Mustafa Kemal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 1(1), pp. 1-13.
  • Adelman, I. and Morris, C. T. (1967) Society, politics and economic development. Baltimore, MD: Johns Hopkins University Press.
  • Alesina, A., Ozler, S., Roubini, N. and Swagel, P. (1996) ‘Political instability and economic growth’, Journal of Economic Growth, 1(2), pp. 189–211.
  • Banks, A. S. (1970) Political handbook of the World. New York: McGraw-Hill.
  • Barro, R.J. and Lee, J. W. (1993) ‘Losers and winners in economic-growth’, NBER Working Paper Series, pp. 267-97.
  • Baum, M. A. and Lake, D. A. (2003) ‘The political economy of growth: democracy and human capital’, American Journal of Political Science, 47(2), pp. 333–347.
  • Barro, R. J. (1996) ‘Democracy and growth’, Journal of Economic Growth, 1(1), pp. 1–27.
  • Başar, S., Güllüce, A. Ç. ve Yıldız, Ş. (2009) ‘Effects of Economic Growth on Democratization in Transition Economies: A Panel Data Approach’, Sosyoekonomi, 2009(1), pp. 87-101.
  • Başar, S. ve Yıldız, Ş. (2012) ’İktisadi Büyümenin Demokratikleşmeye Etkisi Üzerine Bir Araştırma’, Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 3(3), pp. 9-38.
  • Benhabib, J., Corvalan, A. and Spiegel, M. M. (2013) ‘Income and democracy: evidence from nonlinear estimations’, Economics Letters, 118(3), pp. 489-492.
  • Bhalla, S. (1994) ‘Freedom and economic growth: a virtuous cycle?’ in Hadenius A. (eds.) Democracy’s victory and crisis. Cambridge: Cambridge University Press, pp. 195-241.
  • Butkiewicz, J. L. and Yanikkaya, H. (2006) ‘Institutional quality and economic growth: maintenance of the rule of law or democratic institutions, or both?’, Economic Modelling, 23(2006), pp. 648-661.
  • Chatterji, M., Gilmore, B., Strunk, K. and Vanasin, J. (1993) ‘Political economy, growth and convergence in less-developed countries’, World Development, 21(12), pp. 2029–2038.
  • Cohen, Y. (1985) ‘The impact of bureaucratic-authoritarian rule on economic growth’, Comparative Political Studies, 18(1), pp. 123–36.
  • Collier, p. and Hoeffler, A. (2009) ‘Testing the neocon agenda: democracy in resource-rich societies’, European Economic Review, 53(3), pp. 293-308.
  • Comeau, L. (2003) ‘Democracy and growth: a relationship revisited’, Eastern Economic Journal, 29(1), pp. 1–21.
  • Cutright, P. (1963) ‘National political development: its measures and analysis’, American Sociological Review, 28, pp. 253–264.
  • Cutright, P. and Wiley, J. A. (1969) ‘Modernization and political representation, 1927-1966’, Studies in Comparative International Development, 5(2), pp. 23-41.
  • Dasgupta, P. (1990) ‘Well-being and the extent of its realisation in poor countries’, The Economic Journal, 100(400), pp. 1-32.
  • De Haan, J. and Siermann, C. L. J. (1995) “New evidence on the relationship between democracy and economic growth’, Public Choice, 86(1–2), pp. 175–98.
  • Djezou, W. B. (2014), ‘The democracy and economic growth nexus: empirical evidence from Côte d’Ivoire’, The European Journal of Comparative Economics, 11(2), pp. 251-266.
  • Dollar, D. and Kraay, A. (2003) ‘Institutions, Trade and Growth’, Journal of Monetary Economics, 50, 133-162.
  • Doucouliagos, H. and Ulubaşoğlu, M. A. (2008) ‘Democracy and economic growth: a meta-analysis’, American Journal of Political Science, 52(1), pp. 61-83.
  • Fidrmuc, J. (2003) ‘Economic reform, democracy and growth during post-communist transition’, European Journal of Political Economy, 19(3), pp. 583–604.
  • Grier, K. B. and Tullock, G. (1989) ‘An empirical analysis of cross-national economic growth, 1951–1980’, Journal of Monetary Economics,24(2), pp. 259–276.
  • Harrington, James. (1992) The commonwealth of oceana and a System of politics. Ed. John G. A. Pocock. Cambridge: Cambridge University Press. (original work published 1656).
  • Heo, U. and Tan, A. C. (2001) ‘Democracy and economic growth: a causal analysis’, Comparative Politics, 33(4), pp. 463–473.
  • Heliwell, J. F. (1994) ‘Empirical linkages between Democracy and growth’, British Journal of Political Science, 24(2), pp. 225–248.
  • Hobbes, T. (1967) Leviathan. Ed. Macpherson, Crawford B. Harmondsworth, UK: Penguin. (original work published 1651).
  • Huntington, S. (1968) The political order in changing societies. New Haven, CT: Yale University Press.
  • Knutsen, C. H. (2013) ‘Democracy, state capacity, and economic growth’, World Development, 43, pp. 1-18.
  • Krieckhaus, J.(2006) ‘Democracy and economic growth: how regional context influences regime effects’, British Journal of Political Science, 3682), pp. 317-340.
  • Kurzman, C. Regina, W. and Burkhart, R. E. (2002) ‘Democracy’s effect on economic growth: a pooled time-series analysis, 1951–80’, Studies in Comparative International Development, 37(1), pp. 3–33.
  • Landau, D. (1986) ‘Government and economic growth in the less developed countries: an empirical study for 1960–1980’, Economic Development and Cultural Change, 35(1), pp. 35–75.
  • Leblang, D. A. (1997) ‘Political democracy and economic growth: pooled cross-sectional and time-series evidence’, British Journal of Political Science, 27(3), pp. 453–472.
  • Levine, R. and David Renelt, D. (1992) ‘A sensitivity analysis of cross-country growth regressions’, American Economic Review, 82(4), pp. 942–963.
  • Lipset, S. M. (1959) ‘Some social requisites of democracy, economic development and political development’, American Political Science Review, 53(1), pp. 69–105.
  • London, B. and Williams, B. A. (1990) ‘National politics, international dependency, and basic needs provision: a cross-national analysis’, Social Forces, 69(2), pp. 565-584.
  • Marsh, R. M. (1988) ‘Sociological explanations of economic growth’, Studies in Comparative International Research, 13(4), pp. 41–77.
  • Nelson, M. A. and Singh, R. D. (1998) ‘Democracy, economic freedom, fiscal policy, and growth in LDCs: a fresh look’, Economic Development and Cultural Change, 46(4), pp. 677–696.
  • Narayan, P. K., Narayan, S. and Smyth, R. (2011) ‘Does democracy facilitate economic growth or does economic growth facilitate democracy? An empirical study of Sub-Saharan Africa’, Economic Modelling, 28, pp. 900-910.
  • Narayan, P. K. and Smyth, R. (2006) Democracy and economic growth in China: evidence from cointegration and causality testing’, Review of Applied Economics, 2(1), pp. 81-98.
  • North, D. (1990) Institutions, institutional change and economic performance. Cambridge: Cambridge University Press.
  • Olson, M. (1983) The rise and decline of Nations: economic growth, stagflation and social rigidities. New Haven, CT: Yale University Press.
  • Olson, M. (1993) ‘Dictatorship, democracy, and development’, American Political Science Review 87(3), pp. 567–576.
  • Papaioannou, E. and Siourounis, G. (2008) ‘Democratisation and Growth’, The Economic Journal, 118(532), pp. 1520-1551.
  • Persson, T. and Tabellini, G. (1994) ‘Is inequality harmful for growth?’, American Economic Review, 84(3), pp. 600–621.
  • Piatek, D., Szarzec, K. and Pilc, M. (2013) ‘Economic freedom, democracy and economic growth: a causal investigation in transition countries’, Post-Communist Economies, 25(3), pp. 267-288.
  • Przeworski, A., Alvarez, M. E., Chiebub, J. A. and Limongi, F. (2000) Democracy and development: political institutions and well-being in the world, 1950-1990. New York: Cambridge University Press.
  • Rachdi, H. ve Saidi, H. (2015) ‘Democracy and economic growth: evidence in MENA countries’, Procedia Social and Behavioral Sciences, 191(2015), pp. 616-621.
  • Rock, M. T. (2009) ‘Has democracy slowed growth in Asia?’, WorldDevelopment, 37(5), pp. 941-952.
  • Rodrik, D. (2000) ‘Institutions for high-quality growth: what they are and how to acquire them’, Studies in International Comparative Development, 35(3), pp. 3–31.
  • Saatcioğlu, C. and Karaca, O. (2015) ‘İktisadi kalkınmanın demokrasi Üzerindeki etkisi: panel veri analizi’, Atatürk Üniversitesi İİBF Dergisi. 29(4), pp. 775-796.
  • Sirowy, L. and Inkeles, A. (1990) ‘The effects of democracy on economic growth and inequality: a review’, Studies in Comparative International Development, 25(1), pp. 126–157.
  • Şahin, D. (2017) ‘Geçiş ekonomilerinde demokrasi ve ekonomik büyüme ilişkisi: panel veri analizi’, Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, 5(1), pp. 45-57.
  • Tang, S. H. K. and Yung, L. C. W. (2008) ‘Does rapid economic growth enhance democratization? Time-series evidence from high performing Asian economies’, Journal of Asian Economics, 19(3), pp. 244-253.
  • Tavares, J. and Wacziarg, R. (2001) ‘How democracy affects growth’, European Economic Review, 45(8), pp. 1341–1378.
  • Yang, B. (2008) ‘Does democracy lower growth volatility? A dynamic panel analysis’, Journal of Macroeconomics, 30, pp. 562–574.
  • Yay, G. G. (2002) ‘İktisadi gelişme ve demokrasi ilişkisi üzerine bir sınama’, İstanbul Üniversitesi İktisat Fakültesi Mecmuası, 52(1), pp. 27-54.
  • You, J-S. (2011) ‘Democracy, inequality and corruption: Korea, Taiwan, and the Philippines compared’, SSRN Working Papers Series, pp. 1-28.
There are 61 citations in total.

Details

Primary Language English
Subjects Regional Studies
Journal Section Research Articles
Authors

Çiğdem Karış 0000-0002-7534-0494

Publication Date December 29, 2020
Submission Date June 12, 2020
Published in Issue Year 2020 Volume: 1 Issue: 1

Cite

APA Karış, Ç. (2020). The Relationship Between Economic Growth and Democracy: A Conceptual Approach. Sosyal Mucit Academic Review, 1(1), 1-14.