International Journal For Multidisciplinary Research

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The Impact of Socio-economic Inequalities and Political Channels on Economic Growth through Economic Sanctions in OECD Countries

Author(s) Mr. Amin Khooran, Prof. Dr. Gelengül Koçaslan
Country Turkey
Abstract This study examines the effect of socio-economic inequalities and political channels on economic growth, with an emphasis on the moderating role of economic sanctions in OECD countries. The results of PLS estimation find that in contrast to political stability which has a significant positive relationship with economic growth, socio-economic inequalities and freedom have a significant negative effect on economic growth; and economic sanctions also have a significant effect on the relationships between political variables employed and economic growth. However, the results of the RLS model estimation shows that economic sanctions strengthen the relationship between socio-economic inequalities and economic growth.

Moreover, according to the results of Johansen cointegration test and VAR method, it is concluded that inflation tends to have a significant negative effect on economic growth in long run; while there is a positive relationship between inflation and economic growth in the short run. Furthermore, the conintegration test highlights that there is no long-run relationship between inequality variables and economic growth; although, based on the VAR method, the short-run relationship between women's influence in parliament—as a variable of social inequality—and economic growth is confirmed.
Keywords Economic inequalities, social inequalities, political stability, degree of democracy, economic growth, economic sanctions
Field Sociology > Economics
Published In Volume 7, Issue 4, July-August 2025
Published On 2025-07-05
DOI https://doi.org/10.36948/ijfmr.2025.v07i04.49892
Short DOI https://doi.org/g9s9bz
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