The relationship between political stability and economic growth: The case of Turkey

Whether there is a mutual interaction between economic growth and political stability has been one of the issues being discussed by economists for a long time. Although the relationship between economic growth and political stability is mentioned in different platforms from time to time, studies analyzing the relationship between political stability and economic growth for our country are limited. In this study, the relationship between political stability and economic growth is examined regarding 2002-2015 period, when there is a stable process in our country. Time-series method is selected as research method. As a result, the relationship between economic growth and political stability which are our focus variables, is unidirectional in both short and long period. The trend of causality occurs from economic growth to political stability. When this period in Turkey is analyzed, it is concluded that, as a result of positive progress of economy and achievement of economic growth, political tendency was affected accordingly and provided political stability. Keywords: Politics, Economy, Political Stability, Economic Growth.