THE INTEREST GROUP THEORY OF LEGISLATION AND TRADE POLICY IN TURKEY: A TIME SERIES STUDY FOR 1960-2000
UNDERSTANDING THE PROCESS OF ECONOMIC CHANGE IN TURKEY: AN INSTITUTIONAL APPROACH, ss.115-129, 2010 (SSCI)
- Yayın Türü: Makale / Tam Makale
- Basım Tarihi: 2010
- Dergi Adı: UNDERSTANDING THE PROCESS OF ECONOMIC CHANGE IN TURKEY: AN INSTITUTIONAL APPROACH
- Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI)
- Sayfa Sayıları: ss.115-129
- İstanbul Üniversitesi Adresli: Hayır
Özet
In this chapter, the interest group theory of legislation is examined in order to develop an explanation for trade policy and rent seeking activities of interest groups in Turkey. The intention is to concentrate on the positive side of the economic theory of legislation, rather than the normative side. In other words, the issues to be considered in this study are not whether a given law is 'good' or 'bad', but rather how this law was passed. In order to develop a testable economic model of the lobbying behaviour of interest groups in the pursuit of wealth transfers, the demand and supply factors have been developed to generate the volume of legislation in a time series framework in Turkey during the period 1960-2000. We found that there is a long run relationship between business groups, bureaucrats and politicians in trade policy in Turkey. This relationship also explains long term stability among these three interest groups in terms of rent seeking.