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

Pınar; Berna

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

dc.authorid	0000-0001-6302-7735	en_US
dc.authorscopusid	57224370850	en_US
dc.authorwosid	JSL-6736-2023	en_US
dc.contributor.author	Pınar
dc.contributor.author	Berna
dc.date.accessioned	2023-12-17T07:55:44Z
dc.date.available	2023-12-17T07:55:44Z
dc.date.issued	2023	en_US
dc.department	MAÜ, Enstitüler, Lisansüstü Eğitim Enstitüsü, İktisadi ve İdari Ana Bilim Dalı	en_US
dc.description.abstract	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.	en_US
dc.identifier.doi	https://doi.org/10.21121/eab.881925	en_US
dc.identifier.issue	4	en_US
dc.identifier.uri	https://hdl.handle.net/20.500.12514/4916
dc.identifier.volume	23	en_US
dc.institutionauthor	Çuhadar
dc.institutionauthor	Kıran, Bulgurcu
dc.language.iso	en	en_US
dc.relation.ispartof	Ege Academic Review	en_US
dc.relation.publicationcategory	Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı	en_US
dc.rights	info:eu-repo/semantics/closedAccess	en_US
dc.subject	Institutions, Growth, Transition Economies, Grey Relational Analysis, Central Asian and Caucasian Countries	en_US
dc.title	An Empirical Investigation on Growth and Institutional Structure Relations in Central Asian and Caucasian Countries	en_US
dc.type	Article	en_US