International Conference on Eurasian Economies
12-14 October 2011 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 255
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Ph.D. candidate Irem Yendi
Session : 5C Orta Asya Ekonomileri II
Effects of Institutional Factors on Economic Growth in Eurasian Countries
Avrasya Ülkelerinde Kurumsal Faktörlerin İktisadi Büyüme Üzerindeki Etkileri
- Ph.D. candidate Irem Yendi (Hacettepe University, Türkiye)
Abstract
Economic growth is a complicated process which is affected by several factors. Standard neoclassical economic approach didn’t address the effects of institutional factors on economic growth but such effects are started to be considered in economic growth literature together with the new institutional economy. According to the new institutional economic approach institutions decrease the uncertainty are effective on the cost of transaction and conversion and also impact economic performance by directing economic activities towards productive or non- productive fields. Within this framework, effects of institutional factors on economic growth in Eurasian Countries between 1996 and 2008 are searched via panel data analysis method by use of World Bank’s, Heritage Foundation and Freedom House data sets. According to the findings collected, guaranteeing property rights, increasing quality of regulation and civil liberties affect positively economic growth on Eurasian Countries.
JEL codes: O43, C23
Yendi, Irem (2011). "Effects of Institutional Factors on Economic Growth in Eurasian Countries" in Proceedings of International Conference of Eurasian Economies 2011, pp.357-362, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C02.00255
Session 5C: Orta Asya Ekonomileri II
