Economic growth and democracy in Turkey

Abstract

This essay examines the relationship between economic growth and democracy in Turkey between 1980 and 2010 by using the Johansen co-integration model and Vector Error-Correction Model (VECM). The data used in the study are obtained from Turk Stat for GDP growth and POLITY IV Project for democracy index. The main aim of this study is to see if there is a significant relationship between economic growth and democracy in Turkey. By using the models indicated above, we find that there is a significant relationship between these variables in Turkey. Future research on Turkey can examine causality effects as well.