THE EFFECTS OF INSTITUTIONS ON HUMAN DEVELOPMENT: THE CASE OF TURKEY (1996- 2014)
Journal Title: Kastamonu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi - Year 2017, Vol 17, Issue 3
Abstract
Institutions are considered to have a great effect on the difference between Economic Growth and Development according to one of the most important thesis defended by institutional econimics, which especially during these last years has taken a very important spot on academic papers. According to Institutional Economic's thought; an institution that owns a constantly changing structure has an indispensable effect even on regulating human relations and in ensuring human development. The aim of this paper is to examine the effect that an institution and its structure have on human development. Trying to make this possible; we have analyzed the effect that institutional structure has on human development of Turkey, in a time period of 1996-2014 by using annual datas and excecuting VECM analysis. In this study, to represent institutional structure variable, the yearly published The Worldwide Governance İndicators have been used, on the other hand to indicate human deveopment variable the Human Development İndex, which is published yearly by United Nations Development Program are used.
Authors and Affiliations
Ferhat PEHLİVANOĞLU, Mustafa Mert ALABAŞ
Keywords
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