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Bu çalışmanın amacı, Eski ve Yeni Kırılgan Beşli ülkelerinde kurumsal yapı faktörlerinin ekonomik performanslarına etkisini analiz etmektir. Eski Kırılgan Beşli ülkeleri içerisinde Güney Afrika, Türkiye, Brezilya, Hindistan ve Endonezya bulunmaktadır. Yeni Kırılgan Beşli ülkeleri içerisinde Türkiye, Arjantin, Pakistan, Mısır ve Katar bulunmaktadır. Türkiye her iki Kırılgan Beşli içerisinde yer almaktadır. Bu doğrultuda dokuz kırılgan ülke ICRG’den temin edilen 2002-2015 yılları arasındaki politik risk derecesi, ekonomik risk derecesi ve finansal risk derecesine ilişkin verilerle, panel veri analizi kullanılarak analiz edilmiştir. Elde edilen bulgular, kurumsal yapıya ilişkin faktörler ve ekonomik performans arasında pozitif ve anlamlı bir ilişki olduğunu ortaya koymaktadır. Buna göre kırılgan ülkelerin kurumsal yapılarında meydana gelecek iyileşmeler, ekonomik performanslarını olumlu yönde etkileyecektir.
The aim of this study is to analyze the impact of corporate structural factors on economic performance in the Old and New Crashing Five countries. The ancient Crown Five countries include South Africa, Turkey, Brazil, India and Indonesia. The new Criminal Five countries include Turkey, Argentina, Pakistan, Egypt and Qatar. Turkey is among the two vulnerable five. In this regard, the data on the political risk grade, economic risk grade and financial risk grade between 2002-2015 provided by the ICRG from nine vulnerable countries were analyzed using panel data analysis. The findings show that there is a positive and meaningful relationship between the factors related to the corporate structure and economic performance. Accordingly, the improvements in the corporate structures of the vulnerable countries will have a positive impact on their economic performance.
The aim of this study is to analyze the effects of institutional structure factors on the economic performance of the countries defined as the Old and New Fragile Five. Morgan Stanley noted in the 2013 report (Old) Fragile Five countries are South Africa, Turkey, Brazil, India and Indonesia.. In 2017, Standard and Poor’s analysis document shows the New Fragile Five as Turkey, Argentina, Pakistan, Egypt and Qatar. Turkey is the only country in both fragile quintets. In this direction, nine fragile countries pointed out by the two reports were analyzed using panel data analysis with annual data on political risk rating, economic risk rating and financial risk rating between 2002-2015 obtained from the ICRG database. In the analysis, first the Fixed and Random Effects models and then the Robust Model Estimators (Arellano, Froot, Rogers and Newey-West) were used. Findings obtained from the models reveal that there is a positive and significant relationship between factors related to institutional structure and economic performance. Accordingly, improvements in the institutional structures of the relevant fragile countries will affect their economic performances positively.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Ulusal
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