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Journals / Doğuş Üniversitesi Dergisi / 2011 / Cilt: 12 - Sayı: 1

The Analysis of Sustainability of Fiscal Policies by Periodic Unit Root Test with Structural Break: the Case of Turkey

Mali politikaların sürdürülebilirliğinin yapısal kırılmalı periyodik birim kök testi ile analizi: Türkiye örneği

AYCAN HEPSAĞ
Pages
32–45
DOI
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AI Summary & Key Takeaways

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⚡ TL;DR(Too Long; Didn't Read)

The empirical findings show that the sustainability circumstance of fiscal policies that administered in Turkish economy exhibits periodic behaviors and also show that the administered fiscal policies are “unsustainable” under the structural break and periodic behaviors

📌 3 Key Takeaways

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Objective & Hypothesis:The aim of this study is to investigate the sustainability of fiscal policies that administered in Turkish economy within the framework of Intertemporal Borrowing Constraint approach.
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Key Findings & Data:Towards to the aim of study, for the sample period that covers 1990:1-2008:4, the periodic unit root test with structural break is applied to the ratio of Total Public Debt Stock to Gross Domestic Product, Debt/GDP variable, which is assumed as the indicator of sustainability.
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Conclusion & Impact:The empirical findings show that the sustainability circumstance of fiscal policies that administered in Turkish economy exhibits periodic behaviors and also show that the administered fiscal policies are “unsustainable” under the structural break and periodic behaviors
🔬Design:Research Article
📍Scope:2008 Verileri
⚙️Variables:Domain Parameters

Abstract

The aim of this study is to investigate the sustainability of fiscal policies that administered in Turkish economy within the framework of Intertemporal Borrowing Constraint approach. Towards to the aim of study, for the sample period that covers 1990:1-2008:4, the periodic unit root test with structural break is applied to the ratio of Total Public Debt Stock to Gross Domestic Product, Debt/GDP variable, which is assumed as the indicator of sustainability. The empirical findings show that the sustainability circumstance of fiscal policies that administered in Turkish economy exhibits periodic behaviors and also show that the administered fiscal policies are “unsustainable” under the structural break and periodic behaviors

Özet

Bu çalışmanın amacı Türkiye ekonomisinde uygulanan mali politikaların sürdürülebilirliğini, dönemler arası borçlanma kısıtı yaklaşımından hareketle araştırmaktır. Çalışmanın amacı doğrultusunda örnek dönemi olarak ele alınan 1990:1–2008:4 döneminde sürdürülebilirlik göstergesi olarak kabul edilen kamu toplam borç stokunun gayri safi yurtiçi hâsılaya oranı olan Borç/GSYİH değişkenine “yapısal kırılmalı periyodik birim kök testi” uygulanmıştır. Elde edilen ampirik bulgular Türkiye ekonomisinde mali politikaların sürdürülebilirlik durumunun periyodik davranışlar sergilediğini; uygulanan mali politikaların yapısal kırılma ve periyodik davranışlar altında “sürdürülemez” olduğunu göstermektedir.

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Cite This Article

HEPSAĞ, A. (2011). The Analysis of Sustainability of Fiscal Policies by Periodic Unit Root Test with Structural Break: the Case of Turkey. Doğuş Üniversitesi Dergisi, Cilt: 12 - Sayı: 1, 32–45. https://ajindex.com/articles/128313

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References (2)

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