An Application on The Effect of Government Efficiency on Economic Growth: Evidence from BRICS-T Countries

Rabia Tuğba Eğmir

Makale detayları

An Application on The Effect of Government Efficiency on Economic Growth: Evidence from BRICS-T Countries

Yazarlar:

Rabia Tuğba Eğmir

Yayıncı:

Necmettin Erbakan University

Ana Başlıklar:

Panel Veri Analizi | Kamu Politikası | Kamu Maliyesi

Dergi:

Necmettin Erbakan Üniversitesi Siyasal Bilgiler Fakültesi Dergisi Vol.6 Issue 1, pp.63-72

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001321038

pISSN:

2667-8063

Anahtar kelimeler:

Özet:

 All processes related to the provision of public services, policy formulation and implementation of these services fall within the scope of government effectiveness. Government effectiveness therefore promotes economic growth through the adoption of fair and transparent policies, improvement of the investment climate and effective enforcement of economic regulations. This creates a confidence in the economy, new business opportunities and ultimately an increase in the overall welfare of the society. As a result, assessing the impact of government effectiveness on economic growth is crucial. The goal of this study is to see how government efficiency affects economic growth in the BRICS-T countries, which are large rising economies. For this purpose, balanced panel data analysis was performed by creating four different models for the relevant countries in line with the data obtained for the period 2002-2021. As a result, it is estimated that the increase in government efficiency affects economic growth in the direction of increase for each model. The effects of fixed capital formation, employment and foreign direct investment variables on economic growth are estimated to be positive in parallel with the expectations.

 All processes related to the provision of public services, policy formulation and implementation of these services fall within the scope of government effectiveness. Government effectiveness therefore promotes economic growth through the adoption of fair and transparent policies, improvement of the investment climate and effective enforcement of economic regulations. This creates a confidence in the economy, new business opportunities and ultimately an increase in the overall welfare of the society. As a result, assessing the impact of government effectiveness on economic growth is crucial. The goal of this study is to see how government efficiency affects economic growth in the BRICS-T countries, which are large rising economies. For this purpose, balanced panel data analysis was performed by creating four different models for the relevant countries in line with the data obtained for the period 2002-2021. As a result, it is estimated that the increase in government efficiency affects economic growth in the direction of increase for each model. The effects of fixed capital formation, employment and foreign direct investment variables on economic growth are estimated to be positive in parallel with the expectations.

 All processes related to the provision of public services, policy formulation and implementation of these services fall within the scope of government effectiveness. Government effectiveness therefore promotes economic growth through the adoption of fair and transparent policies, improvement of the investment climate and effective enforcement of economic regulations. This creates a confidence in the economy, new business opportunities and ultimately an increase in the overall welfare of the society. As a result, assessing the impact of government effectiveness on economic growth is crucial. The goal of this study is to see how government efficiency affects economic growth in the BRICS-T countries, which are large rising economies. For this purpose, balanced panel data analysis was performed by creating four different models for the relevant countries in line with the data obtained for the period 2002-2021. As a result, it is estimated that the increase in government efficiency affects economic growth in the direction of increase for each model. The effects of fixed capital formation, employment and foreign direct investment variables on economic growth are estimated to be positive in parallel with the expectations.

 Kamu hizmetlerinin sunulması, bu hizmetlere dair politika oluşturulması ve uygulanmasına ilişkin süreçlerin tamamı kamusal etkinlik kapsamında yer almaktadır. Dolayısıyla kamusal etkinlik, adil ve şeffaf politikaların benimsenmesi, yatırım ortamının iyileştirilmesi ve ekonomik düzenlemelerin etkili bir şekilde uygulanması yoluyla ekonomik büyümeyi desteklemektedir. Bu durum sayesinde ekonomide güven ortamı sağlanmakta, yeni iş fırsatları oluşmakta ve nihayetinde toplumun genel refahında artış meydana gelmektedir. Bu açıdan kamusal etkinliğin ekonomik büyüme üzerindeki etkisinin belirlenmesi önemli görülmektedir. Bu doğrultuda çalışmada gelişmekte olan büyük ekonomileri temsil eden BRICS-T ülkelerinde kamu etkinliğinin ekonomik büyüme üzerindeki etkisinin belirlenmesi amaçlanmaktadır. Bu amaçla 2002-2021 dönemleri için ulaşılan veriler doğrultusunda ilgili ülkeler nezdinde dört ayrı model oluşturularak dengeli panel veri analizi gerçekleştirilmiştir. Gerçekleştirilen panel veri analizi sonucunda kamusal etkinlikteki artışın her model için ekonomik büyümeyi artış yönünde etkilediği tahmin edilmiştir. Gerçekleştirilen analizlerde yer verilen sabit sermaye oluşumları, istihdam ve doğrudan yabancı sermaye yatırım değişkenlerinin ise ekonomik büyüme üzerindeki etkisi beklentilerle uyumlu şekilde pozitif yönde tahmin edilmiştir.

Makale detayları

An Application on The Effect of Government Efficiency on Economic Growth: Evidence from BRICS-T Countries

Yazarlar:

Rabia Tuğba Eğmir

Yayıncı:

Necmettin Erbakan University

Ana Başlıklar:

Panel Veri Analizi | Kamu Politikası | Kamu Maliyesi

Dergi:

Necmettin Erbakan Üniversitesi Siyasal Bilgiler Fakültesi Dergisi Vol.6 Issue 1, pp.63-72

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001321038

pISSN:

2667-8063

Government Efficiency

Economic Growth

Panel Data AnalysisKamusal Etkinlik

Ekonomik Büyüme

Panel Veri Analizi

Sayı

Makale detayları

An Application on The Effect of Government Efficiency on Economic Growth: Evidence from BRICS-T Countries

Yazarlar: Rabia Tuğba Eğmir

Yayıncı: Necmettin Erbakan University

Ana Başlıklar: Panel Veri Analizi | Kamu Politikası | Kamu Maliyesi

Dergi: Necmettin Erbakan Üniversitesi Siyasal Bilgiler Fakültesi Dergisi Vol.6 Issue 1, pp.63-72

Belge Tipi: Makale

Yayın Tarihi: 6/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001321038

pISSN: 2667-8063

Government Efficiency

Economic Growth

Panel Data AnalysisKamusal Etkinlik

Ekonomik Büyüme

Panel Veri Analizi

Sayı

Yazarlar:

Rabia Tuğba Eğmir

Yayıncı:

Necmettin Erbakan University

Ana Başlıklar:

Panel Veri Analizi | Kamu Politikası | Kamu Maliyesi

Dergi:

Necmettin Erbakan Üniversitesi Siyasal Bilgiler Fakültesi Dergisi Vol.6 Issue 1, pp.63-72

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001321038

pISSN:

2667-8063