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Journals / Finans Politik ve Ekonomik Yorumlar Dergisi / 2017 / Cilt: 54 - Sayı: 625

Testing the Wagner's Law for Turkish Economy: Some Findings from Time Series Data

Wagner Kanunu'nun Türkiye Ekonomisi için Sınanması: Çeşitli Zaman Serisi Bulguları

RAİF CERGİBOZAN
EMRE ÇEVİK
CANER DEMİR
Pages
75–89
DOI
—
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AI Summary & Key Takeaways

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

The findings from all the analyses of the study are consistent with each other and reveal that Wagner's Law is valid for Turkish economy

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study tests the validity of Wagner's Law in Turkey by employing several time series methods.
📊
Key Findings & Data:Wagner's Law basicly suggests that government spendings tend to increase as the economy grows.
💡
Conclusion & Impact:The findings from all the analyses of the study are consistent with each other and reveal that Wagner's Law is valid for Turkish economy
🔬Design:Research Article
📍Scope:2015 Verileri
⚙️Variables:Domain Parameters

Abstract

This study tests the validity of Wagner's Law in Turkey by employing several time series methods. Wagner's Law basicly suggests that government spendings tend to increase as the economy grows. For this purpose, the study presents some econometric findings from Turkish economy for the 1960-2015 period. The results obtained via the Johansen cointegration test and ARDL bounds test indicate that there exists a long-run relationship between government expenditure and economic growth. The study also presents FMOLS and DOLS estimation results considering the structural breaks. The findings from all the analyses of the study are consistent with each other and reveal that Wagner's Law is valid for Turkish economy

Özet

Bu çalışma, çeşitli zaman serisi yöntemleri kullanarak Türkiye'de Wagner Kanunu'nun geçerliliğini sınamaktadır. Wagner Kanunu, basit olarak, ekonomi büyüdükçe kamu harcamalarının artma eğiliminde olduğunu öne sürmektedir. Bu amaçla, çalışmada Türkiye ekonomisinin 1960-2015 dönemine ilişkin bazı ekonometrik bulgulara yer verilmektedir. Johansen eşbütünleşme testi ve ARDL sınır testinden elde edilen sonuçlar kamu harcamalarıyla ekonomik büyüme arasında uzun dönemli bir ilişki bulunduğunu göstermektedir. Çalışma ayrıca yapısal kırılmaları da göz önünde bulundurarak FMOLS ve DOLS tahmin sonuçlarını sunmaktadır. Uygulanan tüm analizlerden elde edilen bulgular birbirleriyle tutarlı olup, Wagner Kanunu'nun Türkiye ekonomisi için geçerli olduğunu göstermektedir

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Cite This Article

CERGİBOZAN, R., ÇEVİK, E., DEMİR, C. (2017). Testing the Wagner's Law for Turkish Economy: Some Findings from Time Series Data. Finans Politik ve Ekonomik Yorumlar Dergisi, Cilt: 54 - Sayı: 625, 75–89. https://ajindex.com/articles/166000

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