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Abstract
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Article Information:
Co-Integration Analysis of Economic Development and Democracy: The Case of Turkey
D. Uysal, M.C. ÖzÕahin and Ô. ÖzÕahin
Corresponding Author: Dogan Uysal
Submitted: 2010 Feb., 25
Accepted: 2010 March, 13
Published: 2010 August, 30 |
Abstract:
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The relationship between economic growth and democracy is a contentious issue in the literature of
comparative politics and political economy. Empirical studies have reached various conclusions, depending
upon the sample, data and model utilized. Furthermore there are deviations between certain countries in terms
of the relationship between economic growth and democracy. Thus, country specific models have critical
importance to shed light on these deviations between those different countries. In this study, we construct a
co-integration model of the Turkish economy to examine the relationship between economic growth and
democracy. From its very foundation, Turkey has experienced economic and political crises. However, few
empirical studies have investigated the relationship between these two traits. Using co-integration analysis for
the period 1955 to 2006, we seek to identify the relationship between economic growth and democracy. Our
empirical results suggest that there is a long run equilibrium between economic grow th and democracy in
Turkey.
Key words: Co-integration, democracy, growth, Turkey, , ,
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Cite this Reference:
D. Uysal, M.C. ÖzÕahin and Ô. ÖzÕahin, . Co-Integration Analysis of Economic Development and Democracy: The Case of Turkey. Current Research Journal of Economic Theory, (3): Page No: 102-111.
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ISSN (Online): 2042-485X
ISSN (Print): 2042-4841 |
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