Navigating Financial Cycles: Economic Growth, Bureaucratic Autonomy, and Regulatory Governance in Emerging Markets
dc.authorid | Apaydin, Fulya/0000-0001-7208-5857 | |
dc.authorscopusid | 57191520592 | |
dc.authorscopusid | 55156913300 | |
dc.authorwosid | Coban, M. Kerem/N-2641-2014 | |
dc.contributor.author | Coban, M. Kerem | |
dc.contributor.author | Çoban, Mehmet Kerem | |
dc.contributor.author | Apaydin, Fulya | |
dc.date.accessioned | 2024-10-15T19:40:07Z | |
dc.date.available | 2024-10-15T19:40:07Z | |
dc.date.issued | 2024 | |
dc.department | Kadir Has University | en_US |
dc.department-temp | [Coban, M. Kerem] Univ London, Sch Finance & Management, SOAS, London, England; [Coban, M. Kerem] Kadir Has Univ, Istanbul, Turkiye; [Apaydin, Fulya] Inst Barcelona Estudis Int, Barcelona, Spain | en_US |
dc.description | Apaydin, Fulya/0000-0001-7208-5857 | en_US |
dc.description.abstract | Political decisions over economic growth policies influence the degree of bureaucratic autonomy and regulatory governance dynamics. Yet, our understanding of these processes in the Global South is somewhat limited. The article studies the post-Global Financial Crisis period and relies on elite interviews and secondary sources from Turkey. It problematizes how an economic growth model dependent on foreign capital inflows, which are contingent on global financial cycles, influences the trajectory of bureaucratic autonomy. Specifically, we argue that dependence on foreign capital flows for economic growth creates an unstable macroeconomic policy environment: while the expansionary episode of the global financial cycle masks conflicts between the incumbent and bureaucracy, the contractionary episode threatens the political survival of the incumbent. In the case of Turkey, this has incentivized the ruling coalition to resort to executive aggrandizement to control monetary policy and banking regulation, which resulted in a dramatic decay of the autonomy of the regulatory agencies since 2013. | en_US |
dc.description.sponsorship | Spanish Ministry of Science, Innovation and Universities [PGC2018-093719-A-I00] | en_US |
dc.description.sponsorship | The earlier versions of this paper were presented at ECPR General Conference 2021 and the PSA General Conference in 2022. We would like to thank the participants and discussants on these occasions. We are grateful to Emmanuel Mathieu, Isik Ozel, and Kutsal Yesilkagit for their comments and feedback on the earlier versions. We are grateful to five anonymous referees whose critical and detailed suggestions have contributed to development of the article. Finally, we are thankful to David Levi-Faur for his guidance and patience since the initial submission. This study was supported by The Spanish Ministry of Science, Innovation and Universities, grant no. PGC2018-093719-A-I00. | en_US |
dc.description.woscitationindex | Social Science Citation Index | |
dc.identifier.citationcount | 0 | |
dc.identifier.doi | 10.1111/rego.12621 | |
dc.identifier.issn | 1748-5983 | |
dc.identifier.issn | 1748-5991 | |
dc.identifier.scopus | 2-s2.0-85201387151 | |
dc.identifier.scopusquality | Q1 | |
dc.identifier.uri | https://doi.org/10.1111/rego.12621 | |
dc.identifier.uri | https://hdl.handle.net/20.500.12469/6349 | |
dc.identifier.wos | WOS:001292661800001 | |
dc.identifier.wosquality | Q1 | |
dc.language.iso | en | en_US |
dc.publisher | Wiley | en_US |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.scopus.citedbyCount | 1 | |
dc.subject | bureaucratic autonomy | en_US |
dc.subject | credit-led growth model | en_US |
dc.subject | growth coalitions | en_US |
dc.subject | growth models | en_US |
dc.subject | regulatory governance | en_US |
dc.title | Navigating Financial Cycles: Economic Growth, Bureaucratic Autonomy, and Regulatory Governance in Emerging Markets | en_US |
dc.type | Article | en_US |
dc.wos.citedbyCount | 0 | |
dspace.entity.type | Publication | |
relation.isAuthorOfPublication | 5f0429ea-7083-4fbb-9508-7e2dc86fc44b | |
relation.isAuthorOfPublication.latestForDiscovery | 5f0429ea-7083-4fbb-9508-7e2dc86fc44b |