Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi

Yazarlar: Ömer YALÇINKAYA, Halil İbrahim AYDIN

Konular:-

DOI:10.25272/j.2147-7035.2017.5.4.06

Anahtar Kelimeler:Sustainable Growth,Macroeconomic Stability/Instability Index,The G-20 Countries,Panel Data Analysis.

Özet: In this study, the effects of macroeconomic stability/instability index derived from basic macroeconomic indicators which observe internal and external equilibrium conditions together on economic growth is examined by econometric method for the period of 1994- 2015 on the G-20 member countries. In the study, the G-20 countries were included in two sub-groups as economically developed G-9 and developing G-10 countries to examine more consistently the effects of macroeconomic stability/instability on economic growth. As a result of the study, it was determined that the effects of the macroeconomic stability / instability index, which considers the internal and external equilibrium conditions in the examination period, on the economic growth were positive / negative in the G-9 and G10 groups respectively and statistically significant. Additionally in the study, It has been determined that the countries in the G-9 and G-10 groups have a more stable and unstable macroeconomic structure in addition to the accumulation of physical-human capital accumulation and external world integration in the differentiation of long-term economic growth performance and economic development level.

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