Journals / Sosyoekonomi / 2017 / Cilt: 25 - Sayı: 34

Is Fiscal Consolidation a New Anchor or a Fiscal Trap for Growth and Employment? A Theoretical and Empirical Literature Based Analysis

Mali Konsolidasyon Büyüme ve İstihdam için Bir Çıpa mı, Mali Tuzak mı? Teorik ve Ampirik Literatür Temelli Bir Analiz

Pages
107–143
Publication Date
2017-10-31
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This study undertakes a topic, which stands at an important issue of many countries’ economic agenda from the viewpoint of growth and employment; in the light of existing theoretical as well as empirical studies in this regard the study aims to review and to make an inference with regard to the effect of fiscal consolidation on growth and employment.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study undertakes a topic, which stands at an important issue of many countries’ economic agenda from the viewpoint of growth and employment; in the light of existing theoretical as well as empirical studies in this regard the study aims to review and to make an inference with regard to the effect of fiscal consolidation on growth and employment.
📊
Key Findings & Data:This study undertakes a topic, which stands at an important issue of many countries’ economic agenda from the viewpoint of growth and employment; in the light of existing theoretical as well as empirical studies in this regard the study aims to review and to make an inference with regard to the effect of fiscal consolidation on growth and employment.
💡
Conclusion & Impact:This study undertakes a topic, which stands at an important issue of many countries’ economic agenda from the viewpoint of growth and employment; in the light of existing theoretical as well as empirical studies in this regard the study aims to review and to make an inference with regard to the effect of fiscal consolidation on growth and employment.
🔬Design:Review & Systematic Survey
📍Scope:Comprehensive Sample
⚙️Variables:Mali Konsolidasyon · Büyüme · İstihdam

Abstract

This study undertakes a topic, which stands at an important issue of many countries’ economic agenda from the viewpoint of growth and employment; in the light of existing theoretical as well as empirical studies in this regard the study aims to review and to make an inference with regard to the effect of fiscal consolidation on growth and employment.

Özet

Bu çalışma son yıllarda ülkelerin ekonomik gündemlerinin başköşesinde yer alan bir kavram olan mali konsolidasyonu, büyüme ve istihdam perspektifinden ele almakta; teorik ve ampirik literatürde bu minvalde yapılan tartışmalar ışığında mali konsolidasyonun büyüme ve istihdam üzerindeki kısa ve uzun dönemli etkilerini gözden geçirmeyi ve bir çıkarımda bulunmayı amaçlamaktadır.

🔖

Cite This Article

ŞEN, H., KAYA, A. (2017). Is Fiscal Consolidation a New Anchor or a Fiscal Trap for Growth and Employment? A Theoretical and Empirical Literature Based Analysis. Sosyoekonomi, Cilt: 25 - Sayı: 34, 107–143. https://ajindex.com/articles/139439

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (13)

  1. Afonso, A. (2006), Expansionary Fiscal Consolidations in EuropeNew Evidence, The European Central Bank, Working Paper Series, No: 675, p. 52. Afonso, A. (2010), “Expansionary Fiscal Consolidations in Europe: New Evidence”, Applied Economics Letters, Vol: 17, Issue: 2, pp. 105-109.
  2. Afonso, A., Nickel, C. & Rother, P.C. (2006), “Fiscal Consolidations in the Central and Eastern European Countries”, Review of World Economics, Vol: 142, pp. 402-421.
  3. Alesina, A. & Ardagna, S. (1998), “Tales of Fiscal Adjustment”, Economic Policy, Vol: 27, pp. 487-545.
  4. Alesina, A., Ardagna, S. & Tavares, J. T. (1998), “The Political Economy of Fiscal Adjustments”, Brookings Papers on Economic Activity, Vol: 29, Issue: 1, pp. 197-266.
  5. Afonso, A. & Jalles, J. T. (2012), “Measuring the Success of Fiscal Consolidations”, Applied Financial Economics, Vol: 22, pp. 1053-1061.
  6. Agnello, L., Castro, V. & Sousa, R.M. (2013), “What Determines the Duration of a Fiscal Consolidation Program?”, Journal of International Money and Finance, Vol: 37, pp. 113-134.
  7. Alesina, A. & Ardagna, S. (2010), “Large Changes in Fiscal Policy: Taxes versus Spending”, in Brown, J.R. (Ed.), Tax Policy and the Economy, Vol: 24, No: 1, pp. 35-68.
  8. Alesina, A. & Ardagna, S. (2013), “The Design of Fiscal Adjustments”, Tax Policy and the Economy, Vol: 27, Issue: 1, pp. 19-68.
  9. Alesina, A., Ardagna, S., Perotti, R. & Schiantarelli, F. (2002), “Fiscal policy, Profits, and Investment”, American Economic Review, Vol: 92, pp. 571-89.
  10. Alesina, A. & Perotti, R. (1995), “Fiscal Expansions and Fiscal Adjustments in OECD Countries”, Economic Policy, Vol: 10(21), pp. 205-248.
  11. Alesina, A. & Perotti, R. (1997), “Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects”, IMF Staff Papers, Vol: 44, pp. 210-248.
  12. Ardagna, S. (2004), “Fiscal Stabilizations: When Do They Work and Why”, European Economic Review, Vol: 48, pp. 1047-1074.
  13. Arestis, P., Kaya, A. & Şen, H. (2017), “Does Fiscal Consolidation Promote Economic Growth and Employment? Evidence from the PIIGGS Countries”, Mimeo. Atas, E. (2013), Fiscal Consolidation in Turkey: The Impact of Reforms and Institutions on Debt Sustainability: A Political Economy Perspective, M.Sc. Dissertation, Universitas Warwicennis, UK. Banerjee, R. & Zampolli, F. (2016), What Drives the Short-run Costs of Fiscal Consolidation? Evidence from OECD Countries, BIS Working Papers, No: 553, p. 34. Barro, R. J. (1974), “Are Government Bonds Net Wealth?”, Journal of Political Economy, Vol: 8