PİYASA EKONOMİSİ KURUMLARI, EKONOMİK KÜRESELLEŞME VE İNSANİ GELİŞME: OECD ÜLKELERİ İÇİN AMPİRİK BİR ARAŞTIRMA 1

In this study, the relationship between the institutions of capitalist system and human development is investigated for OECD countries. An index indicating the free market institutions has been established which includes protection of property, legal enforcement of contracts, rule of law and governm...

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Bibliographic Details
Published in:Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 2019-01 (53), p.39-58
Main Author: Güzel, Arif Eser
Format: Article
Language:Turkish
Subjects:
Cointegration analysis
Economic development
Free markets
Globalization
Rule of law
Studies
Online Access:Get full text
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Summary:In this study, the relationship between the institutions of capitalist system and human development is investigated for OECD countries. An index indicating the free market institutions has been established which includes protection of property, legal enforcement of contracts, rule of law and government size. We also used economic globalization data to indicate liberalization of trade and finance dimensions of free market. According to cointegration results, there is a long run cointegration relationship between the variables. According to long run coefficients, the adaptation level of countries to the capitalist system and economic globalization effects development positively.
ISSN:1301-3688
2630-6409