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Journals / Maliye Araştırmaları Dergisi / 2021 / Cilt:7 Sayı: 1

The Effect of the Budget Deficit on Current Deficit, Economic Growth and Inflation in Some Developing Countries Implementing Fiscal Rule

Mali Kural Uygulayan Bazı Gelişmekte Olan Ülkelerde Bütçe Açığının Cari Açık, Ekonomik Büyüme Ve Enflasyon Üzerine Etkisi

YASİN KARADENİZ
Pages
52–66
Publication Date
2021-07-01
DOI
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AI Summary & Key Takeaways

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

According to the results achieved; revealed that the budget deficit has an increasing effect on the current account deficit and a decreasing effect on the growth rate.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The purpose of this paper is to analyze the effect of budget deficit on current account deficit, economic growth and inflation in the period 1994-2019 in 14 developing countries applying fiscal rules.
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Key Findings & Data:According to the results achieved; revealed that the budget deficit has an increasing effect on the current account deficit and a decreasing effect on the growth rate.
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Conclusion & Impact:On the other hand, no significant effect was detected on the inflation rate.
🔬Design:Modeling & Simulation
📍Scope:2019 Verileri
⚙️Variables:Mali Kural · Cari Açık · Enflasyon

Abstract

The purpose of this paper is to analyze the effect of budget deficit on current account deficit, economic growth and inflation in the period 1994-2019 in 14 developing countries applying fiscal rules. Panel data models that take into account heterogeneity and cross-section dependence were used in the analysis. According to the results achieved; revealed that the budget deficit has an increasing effect on the current account deficit and a decreasing effect on the growth rate. On the other hand, no significant effect was detected on the inflation rate.

Özet

Bu çalışmanın amacı, mali kural uygulayan gelişmekte olan 14 ülkede 1994-2019 döneminde, bütçe açığının cari açık, ekonomik büyüme ve enflasyon üzerindeki etkisini analiz etmektir. Analizin gerçekleştirilmesinde heterojenliği ve yatay kesit bağımlılığını dikkate alan panel veri modellerinden faydalanılmıştır. Ulaşılan sonuçlar; bütçe açığının, cari açık üzerinde arttırıcı, büyüme oranı üzerinde ise azaltıcı etkisi olduğunu ortaya koymuştur. Enflasyon oranı üzerinde ise anlamlı bir etki tespit edilememiştir.

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Cite This Article

KARADENİZ, Y. (2021). The Effect of the Budget Deficit on Current Deficit, Economic Growth and Inflation in Some Developing Countries Implementing Fiscal Rule. Maliye Araştırmaları Dergisi, Cilt:7 Sayı: 1, 52–66. https://ajindex.com/articles/360799

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