POLİTİK İSTİKRAR/İSTİKRARSIZLIK VE EKONOMİK BÜYÜME ENDEKSİ ARASINDAKİ İLİŞKİNİN İNCELENMESİ.

The concept of political instability has an impact on the decisions of politicians by creating an environment of uncertainty. Politicians who want to come toor stay in power can negatively affect economic growth by making wrong decisions as a result of transferring economic resources to wrong areas in an uncertain environment. Therefore, there is a considerable importance between political instability and economic growth. The present research focused on revealing the quantitative and qualitative differences of the political stability or instability of developed and developing countries on the economic growth rates in the period 2002-2021. Panel data analysis techniques were used in order not to neglect the interdependence of the country groups that are the subject of the research, and also to observe the unique political and economic structure of the countries. The findings obtained from the preliminary tests of the panel data analysis showed that the economic growth and political stability of both developed and developing country groups are essentially in interaction with each other, and that developed countries have managed to maintain their political stability, while developing countries are politically unstable in the relevant period. The estimated panel regression models, on the other hand, show that the improvements in political stability reflect positively on the economic growth rates of both developing and developed countries; however, the emerging economies respond relatively more positively to political stability. [ABSTRACT FROM AUTHOR]